Thailand (THA) and Liberia (LBR) Trade | The Observatory of Economic Complexity

About

Thailand-Liberia Trade: In 2022, Thailand exported $6.44M to Liberia. The main products that Thailand exported to Liberia were Other Cast Iron Products ($1.85M), Wood Fiberboard ($1.63M), and Uncoated Paper ($696k). Over the past 5 years the exports of Thailand to Liberia have increased at an annualized rate of 7.82%, from $4.42M in 2017 to $6.44M in 2022.

In 2022, Thailand did not export any services to Liberia.

Liberia-Thailand Trade: In 2022, Liberia exported $13.5M to Thailand. The main products that Liberia exported to Thailand were Passenger and Cargo Ships ($13.5M), Precious Stones ($5.1k), and Used Clothing ($1.15k). Over the past 5 years the exports of Liberia to Thailand have increased at an annualized rate of 29.3%, from $3.75M in 2017 to $13.5M in 2022.

In 2022, Liberia did not export any services to Thailand.

Comparison: In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $6.44M to Liberia. The main products exported from Thailand to Liberia were Other Cast Iron Products ($1.85M), Wood Fiberboard ($1.63M), and Uncoated Paper ($696k). During the last 5 years the exports of Thailand to Liberia have increased at an annualized rate of 7.82%, from $4.42M in 2017 to $6.44M in 2022.

In 2017, Liberia exported $13.5M to Thailand. The main products exported from Liberia to Thailand were Passenger and Cargo Ships ($13.5M), Precious Stones ($5.1k), and Used Clothing ($1.15k). During the last 5 years the exports of Liberia to Thailand have increased at an annualized rate of 29.3%, from $3.75M in 2022 to $13.5M in 2017.

Exports from Thailand () to Liberia () (2022)

Exports from Liberia () to Thailand () (2022)

Latest Data

Trade between Thailand () and Liberia ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Thailand than Liberia included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Liberia than Thailand included Cyprus ($53.7M).

Difference in imports from Liberia () and Thailand () (2022)

Comparative Advantage Thailand - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Liberia in the exports of Metals ($1.94M), Wood Products ($1.63M), and Plastics and Rubbers ($1.07M).

During 2017, Liberia had a large net trade with Thailand in the exports of Transportation ($13.5M), Precious Metals ($5.1k), and Textiles ($1.15k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Liberia+$328kRice

Top Product Potential Liberia Thailand+$624kPassenger and Cargo Ships

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Liberia () (2022)

Exports from Liberia () to Thailand () (2022)

Latest Data

Trade between Thailand () and Liberia ()

Thailand Exports

Market Competitiveness

Difference in imports from Liberia () and Thailand () (2022)

Comparative Advantage Thailand - Liberia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Thailand () and Liberia () (2022)

Keep Exploring