Libya (LBY) and Benin (BEN) Trade | The Observatory of Economic Complexity

About

Libya-Benin Trade: In 2022, Libya exported $3.6k to Benin. The main products that Libya exported to Benin were Delivery Trucks ($3.11k) and Liquid Pumps ($490). Over the past 5 years the exports of Libya to Benin have increased at an annualized rate of 0.39%, from $3.53k in 2017 to $3.6k in 2022.

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

Benin-Libya In N/A, Benin did not export any products to Libya.

In 2022, Benin 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, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $3.6k to Benin. The main products exported from Libya to Benin were Delivery Trucks ($3.11k) and Liquid Pumps ($490). During the last 5 years the exports of Libya to Benin have increased at an annualized rate of 0.39%, from $3.53k in 2017 to $3.6k in 2022.

Benin does not register exports to Libya. The main products exported from Benin to Libya were Soups and Broths ($204k) and Other Processed Fruits and Nuts ($10.3k).

Exports from Libya () to Benin () (2022)

Exports from Benin () to Libya () (2022)

Latest Data

Trade between Libya () and Benin ()

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Benin
Top DestinationIndia$448M

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

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

In 2022, countries that imported more from Benin than Libya included Bangladesh ($406M), Togo ($35.9M), and Chad ($28M).

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

Comparative Advantage Libya - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Benin in the exports of Transportation ($3.11k) and Machines ($490).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Benin+$3.05kDelivery Trucks

Top Product Potential Benin Libya+$18.3kOther Processed Fruits and 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Benin () (2022)

Exports from Benin () to Libya () (2022)

Latest Data

Trade between Libya () and Benin ()

Benin Exports

Market Competitiveness

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

Comparative Advantage Libya - Benin

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Libya () and Benin () (2022)

Keep Exploring