Libya

ECON COMPLEXITY (2018)

-0.99

RANK 113 OF 137

PRODUCT EXPORTS (2018)

$27.9B

RANK 68 OF 222

EXPORTS PER CAPITA (2018)

$4.17K

RANK 4 OF 219

PRODUCT IMPORTS (2018)

$12.8B

RANK 90 OF 221

IMPORTS PER CAPITA (2018)

$1.92K

RANK 5 of 219

SERVICE EXPORTS (2018)

$134M

RANK 81 OF 88

SERVICE IMPORTS (2018)

$5.06B

RANK 40 OF 88

GDP (2018)

$48.4B

CURRENT US$
RANK 87 OF 196

GDP GROWTH (2008-2018)

-44.5%

CURRENT US$
RANK 196 OF 196

GDP PC (2018)

$7,242

CURRENT US$
RANK 93 OF 196

GDP PC GROWTH (2008-2018)

-49.6%

Overview: This page contains the latest international trade data for Libya, including service trade data. In 2018 Libya was the number 87 economy in the world in terms of GDP (current US$), the number 68 in total exports, the number 90 in total imports, and the number 113 most complex economy according to the Economic Complexity Index (ECI). In 2018, Libya exported $27.9B and imported $12.8B, resulting in a positive trade balance of $15B. In 2018, Libya’s exports per capita were $4.17k and its imports per capita were $1.92k.

Trade: The top exports of Libya are Crude Petroleum ($24.2B), Petroleum Gas ($1.38B), Refined Petroleum ($1.01B), Gold ($805M), and Scrap Copper ($95.9M). The top imports of Libya are Refined Petroleum ($2.18B), Broadcasting Equipment ($837M), Cars ($533M), Rolled Tobacco ($343M), and Packaged Medicaments ($326M).

Destinations: Libya exports mostly to Italy ($4.57B), China ($4.17B), Germany ($3.71B), Spain ($3.65B), and France ($2.48B), and imports mostly from Turkey ($1.5B), United Arab Emirates ($1.44B), China($1.43B), Italy ($1.42B), and Spain ($712M).

Location: Libya borders Algeria, Chad, Egypt, Niger, Sudan, and Tunisia by land and Greece, Italy, and Malta by sea.

Exports

In 2018 Libya exported a total of $27.9B, making it the number 68 exporter in the world. During the last five reported years the exports of Libya have changed by -$10.8B from $38.6B in 2013 to $27.9B in 2018.

The most recent exports are led by Crude Petroleum ($24.2B), Petroleum Gas ($1.38B), Refined Petroleum ($1.01B), Gold ($805M), and Scrap Copper ($95.9M).

Imports

In 2018 Libya imported $12.8B, making it the number 90 trade destination in the world. During the last five reported years the imports of Libya changed by -$11B from $23.8B in 2013 to $12.8B in 2018.

The most recent imports of Libya are led by Refined Petroleum ($2.18B), Broadcasting Equipment ($837M), Cars ($533M), Rolled Tobacco ($343M), and Packaged Medicaments ($326M).

Trade Balance

As of 2018 Libya had a positive trade balance of $7.98B in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $3.99B in net exports.

Destinations

The most common destination for the exports of Libya are Italy ($4.57B), China ($4.17B), Germany ($3.71B), Spain ($3.65B), and France ($2.48B).

Origins

The most common import partners for Libya are Turkey ($1.5B), United Arab Emirates ($1.44B), China ($1.43B), Italy ($1.42B), and Spain ($712M).