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Pricing

2022
Flag → Flag
Exports $72.7kRnk 117 / 160
2022
Flag → Flag
Top Product $72.7kRefined Petroleum
2022
Flag → Flag
Exports $48.5BRnk 73 / 79
2022
Flag → Flag
Top Product $207Knit T-shirts
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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 $72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 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

Iceland-Libya Trade: In 2022, Iceland exported $72.7k to Libya. The main products that Iceland exported to Libya were Refined Petroleum ($72.7k). Over the past 12 years the exports of Iceland to Libya have increased at an annualized rate of 16.4%, from $11.8k in 2010 to $72.7k in 2022.

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

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

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $72.7k to Libya. The main products exported from Iceland to Libya were Refined Petroleum ($72.7k). During the last 12 years the exports of Iceland to Libya have increased at an annualized rate of 16.4%, from $11.8k in 2010 to $72.7k in 2022.

Libya does not register exports to Iceland. The main products exported from Libya to Iceland were Knit T-shirts ($207).

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

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

Latest Data

Trade between Iceland (Flag) and Libya (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Iceland than Libya included Poland ($367M), Netherlands ($1.97B), and Norway ($459M).

In 2022, countries that imported more from Libya than Iceland included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

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

Comparative Advantage Iceland - Libya

Flow
Scale

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

During 2022, Iceland had a large net trade with Libya in the exports of Mineral Products ($72.7k).

Economic Complexity

Competitive Landscape

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

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

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