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2023
Flag → Flag
Exports $1.84BRnk 53 / 219
2023
Flag → Flag
Top Product $956MRefined Petroleum
2023
Flag → Flag
Exports $7.96BRnk 1 / 89
2023
Flag → Flag
Top Product $6.51BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$6,173CURRENT US$
Rnk 112 / 196
2013-2023
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GDP PC GROWTH-48.4%CURRENT US$
Rnk 193 / 195

About

Italy-Libya Trade: In 2023, Italy exported $1.84B to Libya. The main products that Italy exported to Libya were Refined Petroleum ($956M), Processed Tomatoes ($86.8M), and Insulated Wire ($76.4M). Over the past 5 years the exports of Italy to Libya have increased at an annualized rate of 6.04%, from $1.37B in 2018 to $1.84B in 2023.

In 2023, Italy did not export any services to Libya.

Libya-Italy Trade: In 2023, Libya exported $7.96B to Italy. The main products that Libya exported to Italy were Crude Petroleum ($6.51B), Petroleum Gas ($1.28B), and Refined Petroleum ($113M). Over the past 5 years the exports of Libya to Italy have decreased at an annualized rate of 6.77%,  from $11.3B in 2018 to $7.96B in 2023.

In 2023, Libya did not export any services to Italy.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €122M and imported €170M from Libya, resulting in a negative trade balance of €47.5M. Between October 2023 and October 2024 the exports of Italy have decreased by €-28.4M (-18.9%) from €151M to €122M, while imports decreased by €-598M (-77.9%) from €768M to €170M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-28.4M(-18.9%)
IMPORT GROWTH (October 2023 - October 2024)€-598M(-77.9%)

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 2023, Italy exported $1.84B to Libya. The main products exported from Italy to Libya were Refined Petroleum ($956M), Processed Tomatoes ($86.8M), and Insulated Wire ($76.4M). During the last 5 years the exports of Italy to Libya have increased at an annualized rate of 6.04%, from $1.37B in 2018 to $1.84B in 2023.

In 2018, Libya exported $7.96B to Italy. The main products exported from Libya to Italy were Crude Petroleum ($6.51B), Petroleum Gas ($1.28B), and Refined Petroleum ($113M). During the last 5 years the exports of Libya to Italy have decreased at an annualized rate of 6.77%, from $11.3B in 2023 to $7.96B in 2018.

Exports from Italy (Flag) to Libya (Flag) (2023)

Exports from Libya (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Libya
Top DestinationItaly$7.96B

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 2023, countries that imported more from Italy than Libya included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

In 2023, no countries were registered that imported more from Libya than from Italy.

Difference in imports from Libya (Flag) and Italy (Flag) (2023)

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 2023, Italy had a large net trade with Libya in the exports of Mineral Products ($963M), Machines ($308M), and Foodstuffs ($175M).

During 2018, Libya had a large net trade with Italy in the exports of Mineral Products ($7.91B), Metals ($35.9M), and Chemical Products ($16M).

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) (2023)

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