Libya (LBY) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Libya-Australia Trade: In 2023, Libya exported $205M to Australia. The main products that Libya exported to Australia were Crude Petroleum ($205M), Knit Women's Suits ($4.75k), and Non-Knit Men's Coats ($1.09k). Over the past 5 years the exports of Libya to Australia have increased at an annualized rate of 0.61%, from $199M in 2018 to $205M in 2023.

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

Australia-Libya Trade: In 2023, Australia exported $7.8M to Libya. The main products that Australia exported to Libya were Sheep and Goat Meat ($4.09M), Liquid Pumps ($1.52M), and Edible Offal ($691k). Over the past 5 years the exports of Australia to Libya have increased at an annualized rate of 45.5%, from $1.2M in 2018 to $7.8M in 2023.

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

Comparison: In 2023, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $205M to Australia. The main products exported from Libya to Australia were Crude Petroleum ($205M), Knit Women's Suits ($4.75k), and Non-Knit Men's Coats ($1.09k). During the last 5 years the exports of Libya to Australia have increased at an annualized rate of 0.61%, from $199M in 2018 to $205M in 2023.

In 2018, Australia exported $7.8M to Libya. The main products exported from Australia to Libya were Sheep and Goat Meat ($4.09M), Liquid Pumps ($1.52M), and Edible Offal ($691k). During the last 5 years the exports of Australia to Libya have increased at an annualized rate of 45.5%, from $1.2M in 2023 to $7.8M in 2018.

Exports from Libya () to Australia () (2023)

Exports from Australia () to Libya () (2023)

Latest Data

Trade between Libya () and Australia ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Libya than Australia included Italy ($7.96B), Greece ($2.2B), and Spain ($3.08B).

In 2023, countries that imported more from Australia than Libya included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Libya () (2023)

Comparative Advantage Libya - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Australia in the exports of Mineral Products ($205M) and Textiles ($5.85k).

During 2018, Australia had a large net trade with Libya in the exports of Animal Products ($5.04M), Machines ($1.56M), and Vegetable Products ($417k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Australia+$3.64MCrude Petroleum

Top Product Potential Australia Libya+$563kOther Nuts

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

Year

This visualization shows the product space at the HS4 level with the flags of Libya and Australia. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Libya.

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Australia () (2023)

Exports from Australia () to Libya () (2023)

Latest Data

Trade between Libya () and Australia ()

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Libya () (2023)

Comparative Advantage Libya - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Australia () (2023)

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