Switzerland (CHE) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Switzerland-Libya Trade: In 2023, Switzerland exported $195M to Libya. The main products that Switzerland exported to Libya were Gas Turbines ($107M), Vaccines, blood, antisera, toxins and cultures ($22.1M), and Malt Extract ($11.8M). Over the past 5 years the exports of Switzerland to Libya have decreased at an annualized rate of 0.54%, from $200M in 2018 to $195M in 2023.

In 2023, Switzerland did not export any services to Libya.

Libya-Switzerland Trade: In 2023, Libya exported $75.1M to Switzerland. The main products that Libya exported to Switzerland were Crude Petroleum ($73.5M), Collector's Items ($1.27M), and Gas Turbines ($151k). Over the past 5 years the exports of Libya to Switzerland have decreased at an annualized rate of 28.2%, from $395M in 2018 to $75.1M in 2023.

In 2023, Libya did not export any services to Switzerland.

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $195M to Libya. The main products exported from Switzerland to Libya were Gas Turbines ($107M), Vaccines, blood, antisera, toxins and cultures ($22.1M), and Malt Extract ($11.8M). During the last 5 years the exports of Switzerland to Libya have decreased at an annualized rate of 0.54%, from $200M in 2018 to $195M in 2023.

In 2018, Libya exported $75.1M to Switzerland. The main products exported from Libya to Switzerland were Crude Petroleum ($73.5M), Collector's Items ($1.27M), and Gas Turbines ($151k). During the last 5 years the exports of Libya to Switzerland have decreased at an annualized rate of 28.2%, from $395M in 2023 to $75.1M in 2018.

Exports from Switzerland () to Libya () (2023)

Exports from Libya () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Libya ()

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Switzerland than Libya included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Libya than Switzerland included Greece ($2.2B).

Difference in imports from Libya () and Switzerland () (2023)

Comparative Advantage Switzerland - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Libya in the exports of Machines ($125M), Chemical Products ($32.9M), and Foodstuffs ($13M).

During 2018, Libya had a large net trade with Switzerland in the exports of Mineral Products ($73.5M), Arts and Antiques ($1.33M), and Machines ($176k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Libya+$9.52MPackaged Medicaments

Top Product Potential Libya Switzerland+$57.1MCrude 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 Switzerland and Libya. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Switzerland.

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Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Libya () (2023)

Exports from Libya () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Libya ()

Switzerland Exports

Market Competitiveness

Difference in imports from Libya () and Switzerland () (2023)

Comparative Advantage Switzerland - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Libya () (2023)

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