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Pricing

2022
Flag → Flag
Exports $2.28BRnk 46 / 221
2022
Flag → Flag
Top Product $1.48BRefined Petroleum
2022
Flag → Flag
Exports $9.26BRnk 1 / 79
2022
Flag → Flag
Top Product $6.06BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
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
Flag
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 Trade: In 2022, Italy exported $2.28B to Libya. The main products that Italy exported to Libya were Refined Petroleum ($1.48B), Insulated Wire ($74.5M), and Processed Tomatoes ($66.4M). Over the past 5 years the exports of Italy to Libya have increased at an annualized rate of 13.8%, from $1.2B in 2017 to $2.28B in 2022.

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

Libya-Italy Trade: 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). Over the past 5 years the exports of Libya to Italy have increased at an annualized rate of 3.5%,  from $7.8B in 2017 to $9.26B in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €167M and imported €681M from Libya, resulting in a negative trade balance of €515M. Between July 2023 and July 2024 the exports of Italy have increased by €49.2M (41.9%) from €117M to €167M, while imports increased by €71.7M (11.8%) from €610M to €681M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€49.2M(41.9%)
IMPORT GROWTH (July 2023 - July 2024)€71.7M(11.8%)

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.

For full datasets download visit Bulk Download page.

Explore Libya and Italy Data

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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 5 years the exports of Italy to Libya have increased at an annualized rate of 13.8%, from $1.2B in 2017 to $2.28B in 2022.

In 2017, 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 5 years the exports of Libya to Italy have increased at an annualized rate of 3.5%, from $7.8B in 2022 to $9.26B in 2017.

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 2022, countries that imported more from Italy than Libya included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, 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 2017, Libya had a large net trade with Italy in the exports of Mineral Products ($9.17B), Metals ($48.3M), and Chemical Products ($38.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Libya+$16.7MPackaged Medicaments
Top Product Potential Libya Italy+$457MPetroleum Gas

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 Italy and Libya. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Italy.

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

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