Libya (LBY) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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Libya-Switzerland Trade: In 2022, Libya exported $117M to Switzerland. The main products that Libya exported to Switzerland were Crude Petroleum ($117M), Collector's Items ($424k), and Gas Turbines ($113k). Over the past 5 years the exports of Libya to Switzerland have increased at an annualized rate of 6.24%, from $86.8M in 2017 to $117M in 2022.

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

Switzerland-Libya Trade: In 2022, Switzerland exported $154M to Libya. The main products that Switzerland exported to Libya were Gas Turbines ($80.3M), Vaccines, blood, antisera, toxins and cultures ($24.9M), and Malt Extract ($12.8M). Over the past 5 years the exports of Switzerland to Libya have increased at an annualized rate of 1.69%, from $142M in 2017 to $154M in 2022.

In 2022, Switzerland 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $117M to Switzerland. The main products exported from Libya to Switzerland were Crude Petroleum ($117M), Collector's Items ($424k), and Gas Turbines ($113k). During the last 5 years the exports of Libya to Switzerland have increased at an annualized rate of 6.24%, from $86.8M in 2017 to $117M in 2022.

In 2017, Switzerland exported $154M to Libya. The main products exported from Switzerland to Libya were Gas Turbines ($80.3M), Vaccines, blood, antisera, toxins and cultures ($24.9M), and Malt Extract ($12.8M). During the last 5 years the exports of Switzerland to Libya have increased at an annualized rate of 1.69%, from $142M in 2022 to $154M in 2017.

Exports from Libya () to Switzerland () (2022)

Exports from Switzerland () to Libya () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Libya than Switzerland included Greece ($2.25B).

In 2022, countries that imported more from Switzerland than Libya included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

Comparative Advantage Libya - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Switzerland in the exports of Mineral Products ($117M), Arts and Antiques ($424k), and Machines ($119k).

During 2017, Switzerland had a large net trade with Libya in the exports of Machines ($86.5M), Chemical Products ($32.5M), and Foodstuffs ($14M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Switzerland+$57.1MCrude Petroleum

Top Product Potential Switzerland Libya+$9.52MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Switzerland () (2022)

Exports from Switzerland () to Libya () (2022)

Market Competitiveness

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

Comparative Advantage Libya - Switzerland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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