Australia (AUS) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Australia-Libya Trade: In 2022, Australia exported $4.01M to Libya. The main products that Australia exported to Libya were Other Nuts ($1.42M), Sowing Seeds ($731k), and Edible Offal ($451k). Over the past 5 years the exports of Australia to Libya have increased at an annualized rate of 40.5%, from $732k in 2017 to $4.01M in 2022.

In 2022, Australia did not export any services to Libya.

Libya-Australia In N/A, Libya did not export any products to Australia.

In 2022, Libya did not export any services to Australia.

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $4.01M to Libya. The main products exported from Australia to Libya were Other Nuts ($1.42M), Sowing Seeds ($731k), and Edible Offal ($451k). During the last 5 years the exports of Australia to Libya have increased at an annualized rate of 40.5%, from $732k in 2017 to $4.01M in 2022.

Libya does not register exports to Australia. The main products exported from Libya to Australia were Crude Petroleum ($452M), Antiques ($11.5k), and Enzymes ($5.74k).

Exports from Australia () to Libya () (2022)

Exports from Libya () to Australia () (2022)

Latest Data

Trade between Australia () and Libya ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Australia than Libya included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Libya than Australia included Italy ($9.26B), Spain ($3.48B), and Greece ($2.25B).

Difference in imports from Libya () and Australia () (2022)

Comparative Advantage Australia - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Australia and Libya by product, considering products traded by both, Australia and Libya.

During 2022, Australia had a large net trade with Libya in the exports of Vegetable Products ($2.15M), Animal Products ($451k), and Animal and Vegetable Bi-Products ($434k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Libya+$563kOther Nuts

Top Product Potential Libya Australia+$3.64MCrude Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Australia () to Libya () (2022)

Exports from Libya () to Australia () (2022)

Latest Data

Trade between Australia () and Libya ()

Australia Exports

Market Competitiveness

Difference in imports from Libya () and Australia () (2022)

Comparative Advantage Australia - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Libya () (2022)

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