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Pricing

2022
Flag → Flag
Exports $2.28BRnk 46 / 221
2022
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Top Product $1.48BRefined Petroleum
2022
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Exports $9.26BRnk 1 / 79
2022
Flag → Flag
Top Product $6.06BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI -0.84Rnk 96 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
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GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
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GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Italy-Libya In 2022, Italy exported $2.28B to Libya. The main products that Italy exported to Libya are Refined Petroleum ($1.48B), Insulated Wire ($74.5M), and Processed Tomatoes ($66.4M). During the last 27 years the exports of Italy to Libya have increased at an annualized rate of 3.29%, from $953M in 1995 to $2.28B in 2022.

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

Libya-Italy In 2022, Libya exported $9.26B to Italy. The main products that Libya exported to Italy were Crude Petroleum ($6.06B), Petroleum Gas ($2.95B), and Refined Petroleum ($160M). During the last 27 years the exports of Libya to Italy have increased at an annualized rate of 3.87%, from $3.32B in 1995 to $9.26B in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Libya ranked 96 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €140M and imported €568M from Libya, resulting in a negative trade balance of €428M. Between December 2022 and December 2023 the exports of Italy have decreased by €-60.8M (-30.3%) from €201M to €140M, while imports decreased by €-257M (-31.2%) from €825M to €568M.

Trade In December 2023, the top exports of Italy to Libya were Refined Petroleum (€40.6M), Gas Turbines (€3.96M), Wheat (€3.17M), Processed Tomatoes (€3.08M), and Baked Goods (€2.75M). In December 2023 the top imports of Italy from Libya were Crude Petroleum (€427M), Petroleum Gas (€156M), Nitrogenous Fertilizers (€3.06M), and Iron Reductions (€1.88M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Libya was explained primarily by an decrease in product exports in Refined Petroleum (€-10.6M or -20.7%), Insulated Wire (€-3.35M or -75.6%), and Processed Tomatoes (€-1.69M or -35.4%). In December 2023, the decrease in Italy's year-by-year imports  from Libya was explained primarily by an decrease in product imports  in Petroleum Gas (€-55M or -26.1%), Nitrogenous Fertilizers (€-6.5M or -68%), and Iron Reductions (€-551k or -22.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-60.8M(-30.3%)
IMPORT GROWTH (December 2022 - December 2023)€-257M(-31.2%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Libya and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $2.28B to Libya. The main products exported from Italy to Libya were Refined Petroleum ($1.48B), Insulated Wire ($74.5M), and Processed Tomatoes ($66.4M). During the last 27 years the exports of Italy to Libya have increased at an annualized rate of 3.29%, from $953M in 1995 to $2.28B in 2022.

In 2022, Libya exported $9.26B to Italy. The main products exported from Libya to Italy were Crude Petroleum ($6.06B), Petroleum Gas ($2.95B), and Refined Petroleum ($160M). During the last 27 years the exports of Libya to Italy have increased at an annualized rate of 3.87%, from $3.32B in 1995 to $9.26B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Libya
Top DestinationItaly$9.26B

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

In 2021, countries that imported more from Italy than Libya were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2019, no countries were registered that imported more from Libya than from Italy.

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

Comparative Advantage Italy - Libya

Flow
Scale

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

During 2022, Italy had a large net trade with Libya in the exports of Mineral Products ($1.48B), Machines ($322M), and Foodstuffs ($137M).

During 2022, Libya had a large net trade with Italy in the exports of Mineral Products ($9.17B), Metals ($48.3M), and Chemical Products ($38.7M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Libya. Similarly, the more yellow a dot/product is, the more Libya has comparative advantage over Italy.

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

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