Libya (LBY) and Albania (ALB) Trade | The Observatory of Economic Complexity

Libya-Albania Trade: In 2015, Libya exported $15.5M to Albania. The main products that Libya exported to Albania were N/A. Over the past 8 years the exports of Libya to Albania have increased at an annualized rate of 39.3%, from $1.09M in 2007 to $15.5M in 2015.

In 2015, Libya did not export any services to Albania.

Albania-Libya Trade: In 2015, Albania exported $4.73M to Libya. The main products that Albania exported to Libya were N/A. Over the past 8 years the exports of Albania to Libya have increased at an annualized rate of 8.52%, from $3.14M in 2007 to $4.73M in 2015.

In 2015, Albania did not export any services to Libya.

Comparison: In 2022, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Latest Data

Trade between Libya () and Albania ()

Albania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Albania
Top DestinationItaly$1.75B

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

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

In 2022, countries that imported more from Albania than Libya included North Macedonia ($101M), Serbia ($89.3M), and Montenegro ($80.8M).

Difference in imports from Albania () and Libya () (2022)

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

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Highest Potential

Most Saturated

Section

Top Product Potential Libya Albania+$3.02kPetroleum Gas

Top Product Potential Albania Libya+$3.05kRefined Petroleum

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

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Historical Data

Latest Data

Trade between Libya () and Albania ()

Albania Exports

Market Competitiveness

Difference in imports from Albania () and Libya () (2022)

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Albania () (NaN)

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