2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH
-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH
-57.4%CURRENT US$
Rnk 185 / 186

About

China-Libya Trade: In 2022, China exported $2.37B to Libya. The main products that China exported to Libya were Rubber Tires ($103M), Video Displays ($87.9M), and Light Fixtures ($75.4M). Over the past 5 years the exports of China to Libya have increased at an annualized rate of 18.3%, from $1.02B in 2017 to $2.37B in 2022.

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

Libya-China Trade: In 2022, Libya exported $2.52B to China. The main products that Libya exported to China were Crude Petroleum ($2.52B), Quartz ($25.4k), and Precious Stones ($23k). Over the past 5 years the exports of Libya to China have increased at an annualized rate of 8.31%,  from $1.69B in 2017 to $2.52B in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). 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
Value

In 2022, China exported $2.37B to Libya. The main products exported from China to Libya were Rubber Tires ($103M), Video Displays ($87.9M), and Light Fixtures ($75.4M). During the last 5 years the exports of China to Libya have increased at an annualized rate of 18.3%, from $1.02B in 2017 to $2.37B in 2022.

In 2017, Libya exported $2.52B to China. The main products exported from Libya to China were Crude Petroleum ($2.52B), Quartz ($25.4k), and Precious Stones ($23k). During the last 5 years the exports of Libya to China have increased at an annualized rate of 8.31%, from $1.69B in 2022 to $2.52B in 2017.

Exports from China (Flag) to Libya (Flag) (2022)

Exports from Libya (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top Destination
N/AN/A
Libya
Top Destination
N/AN/A

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

N/A

N/A

Difference in imports from Libya (Flag) and China (Flag) (2022)

Comparative Advantage China - Libya

Flow
Scale

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

During 2022, China had a large net trade with Libya in the exports of Machines ($658M), Textiles ($357M), and Metals ($291M).

During 2017, Libya had a large net trade with China in the exports of Mineral Products ($2.52B), Precious Metals ($26.8k), and Stone And Glass ($2.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Libya+$69.6MTelephones
Top Product Potential Libya China+$1.44BCrude 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

This visualization shows the product space at the HS4 level with the flags of China and Libya. This means that a dot/product with the flag of China indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over China.

Product Space of China (Flag) and Libya (Flag) (2022)

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