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

About

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 5 years the exports of Vietnam to Liberia have increased at an annualized rate of 37.4%, from $2.33M in 2018 to $11.4M in 2023.

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

Liberia-Vietnam In N/A, Liberia did not export any products to Vietnam.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, 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 2018 to $11.4M in 2023.

Liberia does not register exports to Vietnam. The main products exported from Liberia to Vietnam were Rubber ($935k) and Processed Crustaceans ($26.6k).

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Liberia
Top DestinationSwitzerland$708M

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

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

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

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

Comparative Advantage Vietnam - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, 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 Vietnam Liberia+$4.11kRefined Petroleum

Top Product Potential Liberia Vietnam+$4.54kIron Ore

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 Vietnam and Liberia. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Vietnam - 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 Vietnam () and Liberia () (2023)

Keep Exploring