Flag United Arab Emirates / Libya Flag

Exports Flag β†’ Flag  (2018): $1.44B, Rnk 34 / 206

Top Product Flag β†’ Flag (2018): $632M, Broadcasting Equipment

Exports Flag β†’ Flag (2018): $684M, Rnk 10 / 69

Top Product Flag β†’ Flag (2018): $680M, Gold

Economic Complexity of Flag (2018): ECI 0.26, Rnk 55 / 137

Economic Complexity of Flag (2018): ECI -0.99, Rnk 113 / 137

GDP Flag (2018): $414B, CURRENT US$
Rnk 28 / 196

GDP GROWTH Flag (2008-2018): 31.3%, CURRENT US$
Rnk 110 / 196

GDP Flag (2018): $48.4B, CURRENT US$
Rnk 87 / 196

GDP GROWTH Flag (2008-2018): -44.5%, CURRENT US$
Rnk 196 / 196

GDP PC Flag (2018): $43,005, CURRENT US$
Rnk 21 / 196

GDP PC GROWTH Flag (2008-2018): -3.36%, CURRENT US$
Rnk 158 / 196

GDP PC Flag (2018): $7,242, CURRENT US$
Rnk 93 / 196

GDP PC GROWTH Flag (2008-2018): -49.6%, CURRENT US$
Rnk 194 / 196

United Arab Emirates-Libya: In 2018, United Arab Emirates exported $1.44B to Libya. The main products exported from United Arab Emirates to Libya were Broadcasting Equipment ($632M), Rolled Tobacco ($244M), and Computers ($66.8M). During the last 13 years the exports of United Arab Emirates to Libya have increased at an annualized rate of 8.98%, from $470M in 2005 to $1.44B in 2018.

Libya-United Arab Emirates: In 2018, Libya exported $684M to United Arab Emirates. The main products exported from Libya to United Arab Emirates were Gold ($680M), Jewellery ($3.52M), and Steel Bars ($195k). During the last 13 years the exports of Libya to United Arab Emirates have increased at an annualized rate of 19.7%, from $65.7M in 2005 to $684M in 2018.

Comparison: In 2018, United Arab Emirates ranked 55 in the Economic Complexity Index (ECI 0.26), and 26 in total exports ($242B). That same year, Libya ranked 113 in the Economic Complexity Index (ECI -0.99), and 68 in total exports ($27.9B). In terms of GDP Per Capita, United Arab Emirates was ranked 21 with a GDP Per Capita of $43,005, and Libya was ranked 93 with a GDP Per Capita of $7,242.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, United Arab Emirates exported $1.44B to Libya. The main products exported from United Arab Emirates to Libya were Broadcasting Equipment ($632M), Rolled Tobacco ($244M), and Computers ($66.8M). During the last 13 years the exports of United Arab Emirates to Libya have increased at an annualized rate of 8.98%, from $470M in 2005 to $1.44B in 2018.

In 2018, Libya exported $684M to United Arab Emirates. The main products exported from Libya to United Arab Emirates were Gold ($680M), Jewellery ($3.52M), and Steel Bars ($195k). During the last 13 years the exports of Libya to United Arab Emirates have increased at an annualized rate of 19.7%, from $65.7M in 2005 to $684M in 2018.

Market Competitiveness

#permalink to section
Measure

United Arab Emirates
Top Destination
: India, $23.8B

Libya
Top Destination
: Italy, $4.57B

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

In 2018, countries that imported more from United Arab Emirates than Libya were India ($23.8B), Japan ($21.7B), and Saudi Arabia ($17.2B).

In 2018, countries that imported more from Libya than United Arab Emirates were Italy ($4.57B), Spain ($3.65B), and Germany ($3.71B).

Comparative Advantage United Arab Emirates - Libya

#permalink to section
Depth

This chart compares trade between United Arab Emirates and Libya by product, considering products traded by both, United Arab Emirates and Libya.

During 2018, United Arab Emirates had a large net trade with Libya in the exports of Machines ($800M), Foodstuffs ($270M), and Transportation ($143M).

During 2018, Libya had a large net trade with United Arab Emirates in the exports of Precious Metals ($684M), Metals ($204k), and Mineral Products ($165k).

Tariff Section

#permalink to section

In 2018, United Arab Emirates and Libya don't have data regarding the tariffs applied to the products exported, given a no tariff policy, or don't having any tariff history reported whatsoever.

To explore the different product levels and year available with data, visit our Tariff Explorer Section.

Explore Tariff Data

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between United Arab Emirates and Libya. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United Arab Emirates has comparative advantage over Libya. Similarly, the more red a dot/product is, the more Libya has comparative advantage over United Arab Emirates.