Summary
- Liberia → South Korea
- $49million
- South Korea → Liberia
- $5.2billion
- Liberia’s balance
- -$5.2billion
Balance
Liberia’s trade balance with South Korea
Trade between Liberia and South Korea grew 5.3-fold since 1995
USD billions (current). Liberia’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0
- Imports 5.2
- Balance -5.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $236 thousand | $998 million | -$998 million |
| 1996 | $59 thousand | $875 million | -$875 million |
| 1997 | $3 million | $1.6 billion | -$1.6 billion |
| 1998 | $5 million | $1.5 billion | -$1.5 billion |
| 1999 | $27 million | $892 million | -$865 million |
| 2000 | $9 million | $1.1 billion | -$1.1 billion |
| 2001 | $9 million | $987 million | -$978 million |
| 2002 | $1 million | $1.4 billion | -$1.4 billion |
| 2003 | $5 million | $1.5 billion | -$1.5 billion |
| 2004 | $26 million | $1.7 billion | -$1.7 billion |
| 2005 | $8 million | $2 billion | -$2 billion |
| 2006 | $54 million | $3.2 billion | -$3.2 billion |
| 2007 | $597 thousand | $2.5 billion | -$2.5 billion |
| 2008 | $22 million | $2.8 billion | -$2.8 billion |
| 2009 | $719 thousand | $4.9 billion | -$4.9 billion |
| 2010 | $410 thousand | $5.4 billion | -$5.4 billion |
| 2011 | $1 million | $7.4 billion | -$7.4 billion |
| 2012 | $1 million | $3.8 billion | -$3.8 billion |
| 2013 | $6 million | $3.5 billion | -$3.5 billion |
| 2014 | $9 million | $3 billion | -$3 billion |
| 2015 | $15 million | $1.3 billion | -$1.3 billion |
| 2016 | $949 thousand | $3.6 billion | -$3.6 billion |
| 2017 | $9 million | $1.3 billion | -$1.3 billion |
| 2018 | $4 million | $1.4 billion | -$1.4 billion |
| 2019 | $20 million | $1.7 billion | -$1.7 billion |
| 2020 | $9 million | $2.1 billion | -$2.1 billion |
| 2021 | $8 million | $2 billion | -$2 billion |
| 2022 | $14 million | $4.2 billion | -$4.2 billion |
| 2023 | $7 million | $4 billion | -$4 billion |
| 2024 | $49 million | $5.2 billion | -$5.2 billion |
What they sell each other
What Liberia sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to Liberia
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Monrovia and Busan is 11,234 nautical miles (20,805 km) long: ≈ 26–33.5 days at sea (at 18 and 14 knots).
Passages it crosses: Cape of Good Hope; and Strait of Malacca and Singapore.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was Liberia’s 2nd largest trading partner (21% of its trade), and Liberia was South Korea’s 38th (0.4%).
- South Korea in Liberia’s trade
- 20.6%
- South Korea’s rank among Liberia’s partners
- 2nd
- Liberia in South Korea’s trade
- 0.4%
- Liberia’s rank among South Korea’s partners
- 38th
Compare with
Other partners of Liberia
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.