Liberia (LBR) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Liberia-Vietnam Trade: In 2023, Liberia exported $962k to Vietnam. The main products that Liberia exported to Vietnam were Rubber ($935k) and Processed Crustaceans ($26.6k). Over the past 6 years the exports of Liberia to Vietnam have decreased at an annualized rate of 16.1%, from $2.75M in 2017 to $962k in 2023.

In 2023, Liberia did not export any services to Vietnam.

Vietnam-Liberia Trade: In 2023, Vietnam exported $11.4M to Liberia. The main products that Vietnam exported to Liberia were Bedspreads ($8.63M), Iron Structures ($1.12M), and Razor Blades ($315k). Over the past 6 years the exports of Vietnam to Liberia have increased at an annualized rate of 37.4%, from $2.33M in 2017 to $11.4M in 2023.

In 2023, Vietnam did not export any services to Liberia.

Comparison: In 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $962k to Vietnam. The main products exported from Liberia to Vietnam were Rubber ($935k) and Processed Crustaceans ($26.6k). During the last 6 years the exports of Liberia to Vietnam have decreased at an annualized rate of 16.1%, from $2.75M in 2017 to $962k in 2023.

In 2018, Vietnam exported $11.4M to Liberia. The main products exported from Vietnam to Liberia were Bedspreads ($8.63M), Iron Structures ($1.12M), and Razor Blades ($315k). During the last 5 years the exports of Vietnam to Liberia have increased at an annualized rate of 37.4%, from $2.33M in 2023 to $11.4M in 2018.

Exports from Liberia () to Vietnam () (2023)

Exports from Vietnam () to Liberia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Vietnam
Top DestinationUnited States$118B

This map shows whether countries import more from Liberia or Vietnam. Each country is colored based on the difference in imports they receive from Liberia and Vietnam or the difference in the growth in imports.

In 2023, countries that imported more from Liberia than Vietnam included Lebanon ($105M), Cameroon ($10.6M), and Guinea ($941k).

In 2023, countries that imported more from Vietnam than Liberia included United States ($118B), China ($85.7B), and Japan ($25.1B).

Difference in imports from Vietnam () and Liberia () (2023)

Comparative Advantage Liberia - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Liberia and Vietnam by product, considering products traded by both, Liberia and Vietnam.

During 2023, Liberia had a large net trade with Vietnam in the exports of Plastics and Rubbers ($935k) and Foodstuffs ($26.6k).

During 2018, Vietnam had a large net trade with Liberia in the exports of Textiles ($8.63M), Metals ($1.59M), and Machines ($344k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Vietnam+$4.54kIron Ore

Top Product Potential Vietnam Liberia+$4.11kRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Liberia and Vietnam. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Vietnam () (2023)

Exports from Vietnam () to Liberia () (2023)

Market Competitiveness

Difference in imports from Vietnam () and Liberia () (2023)

Comparative Advantage Liberia - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Vietnam () (2023)

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