Colombia (COL) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Colombia-Libya Trade: In 2022, Colombia exported $9.9M to Libya. The main products that Colombia exported to Libya were Frozen Bovine Meat ($9.04M), Coffee ($529k), and Confectionery Sugar ($250k). Over the past 5 years the exports of Colombia to Libya have increased at an annualized rate of 37.1%, from $2.04M in 2017 to $9.9M in 2022.

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

Libya-Colombia Trade: In 2022, Libya exported $337 to Colombia. The main products that Libya exported to Colombia were Silicone ($337). Over the past 5 years the exports of Libya to Colombia have decreased at an annualized rate of 7.98%, from $603 in 2017 to $337 in 2022.

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

Comparison: In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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, Colombia exported $9.9M to Libya. The main products exported from Colombia to Libya were Frozen Bovine Meat ($9.04M), Coffee ($529k), and Confectionery Sugar ($250k). During the last 5 years the exports of Colombia to Libya have increased at an annualized rate of 37.1%, from $2.04M in 2017 to $9.9M in 2022.

In 2017, Libya exported $337 to Colombia. The main products exported from Libya to Colombia were Silicone ($337). During the last 5 years the exports of Libya to Colombia have decreased at an annualized rate of 7.98%, from $603 in 2022 to $337 in 2017.

Exports from Colombia () to Libya () (2022)

Exports from Libya () to Colombia () (2022)

Latest Data

Trade between Colombia () and Libya ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Colombia than Libya included United States ($15.6B), Panama ($5.84B), and Brazil ($2.39B).

In 2022, countries that imported more from Libya than Colombia included Italy ($9.26B), Greece ($2.25B), and Germany ($3.32B).

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

Comparative Advantage Colombia - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with Libya in the exports of Animal Products ($9.04M), Vegetable Products ($529k), and Foodstuffs ($261k).

During 2017, Libya had a large net trade with Colombia in the exports of Plastics and Rubbers ($337).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Libya+$953kCoffee

Top Product Potential Libya Colombia+$6.14kCrude 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 Colombia and Libya. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Colombia.

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Libya () (2022)

Exports from Libya () to Colombia () (2022)

Latest Data

Trade between Colombia () and Libya ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Colombia - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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