2022
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GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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 GDP
$45.8BCURRENT US$
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2012-2022
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GDP GROWTH
-50.6%CURRENT US$
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2022
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GDP PC 
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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2022
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GDP PC
$6,716CURRENT US$
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2012-2022
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GDP PC GROWTH
-57.4%CURRENT US$
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About

Spain-Libya Trade: In 2022, Spain exported $429M to Libya. The main products that Spain exported to Libya were Refined Petroleum ($158M), Bovine ($35M), and Unglazed Ceramics ($27.9M). Over the past 5 years the exports of Spain to Libya have decreased at an annualized rate of 6.36%, from $596M in 2017 to $429M in 2022.

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

Libya-Spain Trade: In 2022, Libya exported $3.48B to Spain. The main products that Libya exported to Spain were Crude Petroleum ($3.35B), Refined Petroleum ($110M), and Iron Reductions ($9.76M). Over the past 5 years the exports of Libya to Spain have increased at an annualized rate of 3.79%,  from $2.23B in 2017 to $3.48B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported $429M to Libya. The main products exported from Spain to Libya were Refined Petroleum ($158M), Bovine ($35M), and Unglazed Ceramics ($27.9M). During the last 5 years the exports of Spain to Libya have decreased at an annualized rate of 6.36%, from $596M in 2017 to $429M in 2022.

In 2017, Libya exported $3.48B to Spain. The main products exported from Libya to Spain were Crude Petroleum ($3.35B), Refined Petroleum ($110M), and Iron Reductions ($9.76M). During the last 5 years the exports of Libya to Spain have increased at an annualized rate of 3.79%, from $2.23B in 2022 to $3.48B in 2017.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Libya
Top Destination
Italy$9.26B

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

In 2022, countries that imported more from Spain than Libya included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Libya than Spain included Thailand ($1.67B).

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

Comparative Advantage Spain - Libya

Flow
Scale

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

During 2022, Spain had a large net trade with Libya in the exports of Mineral Products ($160M), Animal Products ($51.8M), and Chemical Products ($38.7M).

During 2017, Libya had a large net trade with Spain in the exports of Mineral Products ($3.46B), Metals ($13.3M), and Chemical Products ($2.99M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Libya+$44.9MRefined Petroleum
Top Product Potential Libya Spain+$67.5MRefined 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 Spain and Libya. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Spain.

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

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