Turkey (TUR) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Turkey-Liberia Trade: In 2023, Turkey exported $273M to Liberia. The main products that Turkey exported to Liberia were Refined Petroleum ($76.5M), Passenger and Cargo Ships ($51.9M), and Excavation Machinery ($7.78M). Over the past 5 years the exports of Turkey to Liberia have increased at an annualized rate of 11.7%, from $157M in 2018 to $273M in 2023.

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

Liberia-Turkey Trade: In 2023, Liberia exported $20M to Turkey. The main products that Liberia exported to Turkey were Passenger and Cargo Ships ($15M), Rubber ($1.46M), and Cocoa Beans ($1.34M). Over the past 5 years the exports of Liberia to Turkey have increased at an annualized rate of 7.59%, from $13.9M in 2018 to $20M in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Turkey exported $273M to Liberia. The main products exported from Turkey to Liberia were Refined Petroleum ($76.5M), Passenger and Cargo Ships ($51.9M), and Excavation Machinery ($7.78M). During the last 5 years the exports of Turkey to Liberia have increased at an annualized rate of 11.7%, from $157M in 2018 to $273M in 2023.

In 2018, Liberia exported $20M to Turkey. The main products exported from Liberia to Turkey were Passenger and Cargo Ships ($15M), Rubber ($1.46M), and Cocoa Beans ($1.34M). During the last 5 years the exports of Liberia to Turkey have increased at an annualized rate of 7.59%, from $13.9M in 2023 to $20M in 2018.

Exports from Turkey () to Liberia () (2023)

Exports from Liberia () to Turkey () (2023)

Latest Data

Trade between Turkey () and Liberia ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Turkey than Liberia included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Liberia than Turkey included North Korea ($38.5k).

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

Comparative Advantage Turkey - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Liberia in the exports of Mineral Products ($79.1M), Transportation ($62.9M), and Machines ($60.9M).

During 2018, Liberia had a large net trade with Turkey in the exports of Transportation ($15M), Plastics and Rubbers ($1.46M), and Foodstuffs ($1.37M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Liberia+$7.17MRefined Petroleum

Top Product Potential Liberia Turkey+$2.94MPassenger 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.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Liberia () (2023)

Exports from Liberia () to Turkey () (2023)

Latest Data

Trade between Turkey () and Liberia ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Turkey - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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