Hong Kong (HKG) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Hong Kong-Liberia Trade: In 2022, Hong Kong exported $3.04M to Liberia. The main products that Hong Kong exported to Liberia were Broadcasting Equipment ($1.55M), Other Electrical Machinery ($635k), and Frozen Bovine Meat ($362k). Over the past 5 years the exports of Hong Kong to Liberia have increased at an annualized rate of 2.47%, from $2.69M in 2017 to $3.04M in 2022.

In 2022, Hong Kong did not export any services to Liberia.

Liberia-Hong Kong Trade: In 2022, Liberia exported $246k to Hong Kong. The main products that Liberia exported to Hong Kong were Scrap Copper ($246k). Over the past 5 years the exports of Liberia to Hong Kong have decreased at an annualized rate of 24.3%, from $991k in 2017 to $246k in 2022.

In 2022, Liberia did not export any services to Hong Kong.

Comparison: In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $3.04M to Liberia. The main products exported from Hong Kong to Liberia were Broadcasting Equipment ($1.55M), Other Electrical Machinery ($635k), and Frozen Bovine Meat ($362k). During the last 5 years the exports of Hong Kong to Liberia have increased at an annualized rate of 2.47%, from $2.69M in 2017 to $3.04M in 2022.

In 2017, Liberia exported $246k to Hong Kong. The main products exported from Liberia to Hong Kong were Scrap Copper ($246k). During the last 5 years the exports of Liberia to Hong Kong have decreased at an annualized rate of 24.3%, from $991k in 2022 to $246k in 2017.

Exports from Hong Kong () to Liberia () (2022)

Exports from Liberia () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Liberia ()

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Hong Kong than Liberia included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2022, countries that imported more from Liberia than Hong Kong included Lebanon ($106M), Cyprus ($53.7M), and Cote d'Ivoire ($25.3M).

Difference in imports from Liberia () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Liberia in the exports of Machines ($2.51M), Animal Products ($362k), and Instruments ($71.4k).

During 2017, Liberia had a large net trade with Hong Kong in the exports of Metals ($246k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Liberia+$1.15MTelephones

Top Product Potential Liberia Hong Kong+$272kScrap Copper

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Liberia () (2022)

Exports from Liberia () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Liberia ()

Hong Kong Exports

Market Competitiveness

Difference in imports from Liberia () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Liberia () (2022)

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