Flag South Korea / Libya Flag

2021
FlagFlag
Exports
: $429M, Rnk 73 / 218

2021
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Top Product
: $217M, Cars

2021
FlagFlag
Exports
: $11.7M, Rnk 38 / 82

2021
FlagFlag
Top Product
: $5.55M, Scrap Aluminium

2021
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Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
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Economic Complexity (ECI)
: ECI -1.18, Rnk 114 / 131

2021
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GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
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GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
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 GDP
: $41.9B, CURRENT US$
Rnk 87 / 182

2011-2021
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GDP GROWTH
: -13.1%, CURRENT US$
Rnk 166 / 182

2021
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GDP PC 
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
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GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

2021
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GDP PC
: $6,018, CURRENT US$
Rnk 91 / 182

2011-2021
Flag
GDP PC GROWTH
: -21.9%, CURRENT US$
Rnk 165 / 182

South Korea-Libya In 2021, South Korea exported $429M to Libya. The main products that South Korea exported to Libya are Cars ($217M), Motor vehicles; parts and accessories (8701 to 8705) ($54.2M), and Delivery Trucks ($33.5M). During the last 26 years the exports of South Korea to Libya have increased at an annualized rate of 2.85%, from $207M in 1995 to $429M in 2021.

In 2021, South Korea did not export any services to Libya.

Libya-South Korea In 2021, Libya exported $11.7M to South Korea. The main products that Libya exported to South Korea were Scrap Aluminium ($5.55M), Fish Fillets ($3.98M), and Raw Lead ($1.07M). During the last 26 years the exports of Libya to South Korea have increased at an annualized rate of 0.5%, from $10.3M in 1995 to $11.7M in 2021.

In 2021, Libya did not export any services to South Korea.

Comparison In 2021,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B). That same year, Libya ranked 114 in the Economic Complexity Index (ECI -1.18), and 67 in total exports ($30.8B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, South Korea exported $429M to Libya. The main products exported from South Korea to Libya were Cars ($217M), Motor vehicles; parts and accessories (8701 to 8705) ($54.2M), and Delivery Trucks ($33.5M). During the last 26 years the exports of South Korea to Libya have increased at an annualized rate of 2.85%, from $207M in 1995 to $429M in 2021.

In 2021, Libya exported $11.7M to South Korea. The main products exported from Libya to South Korea were Scrap Aluminium ($5.55M), Fish Fillets ($3.98M), and Raw Lead ($1.07M). During the last 26 years the exports of Libya to South Korea have increased at an annualized rate of 0.5%, from $10.3M in 1995 to $11.7M in 2021.

Market Competitiveness

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Color

South Korea
Top Destination
: China, $158B

Libya
Top Destination
: Italy, $7.47B

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

In 2021, countries that imported more from South Korea than Libya were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

In 2021, countries that imported more from Libya than South Korea were Italy ($7.47B).

Comparative Advantage South Korea - Libya

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Flow
Scale

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

During 2021, South Korea had a large net trade with Libya in the exports of Transportation ($308M), Machines ($57.1M), and Plastics and Rubbers ($25.6M).

During 2021, Libya had a large net trade with South Korea in the exports of Metals ($6.63M), Animal Products ($4.59M), and Chemical Products ($445k).

Economic Complexity

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Competitive Landscape

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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 South Korea has comparative advantage over Libya. Similarly, the more yellow a dot/product is, the more Libya has comparative advantage over South Korea.