Flag Libya / Spain Flag

2019
FlagFlag
Exports
: $3.85B, Rnk 4 / 75

2019
FlagFlag
Top Product
: $3.75B, Crude Petroleum

2019
FlagFlag
Exports
: $468M, Rnk 64 / 219

2019
FlagFlag
Top Product
: $101M, Sheep and Goats

2019
Flag
Economic Complexity (ECI)
: ECI -1.3, Rnk 135 / 146

2019
Flag
Economic Complexity (ECI)
: ECI 0.85, Rnk 36 / 146

2019
Flag  
GDP
: $52.1B, CURRENT US$
Rnk 85 / 187

2009-2019
Flag
GDP GROWTH
: -17.4%, CURRENT US$
Rnk 184 / 187

2019
Flag
 GDP
: $1.39T, CURRENT US$
Rnk 14 / 187

2009-2019
Flag
GDP GROWTH
: -6.2%, CURRENT US$
Rnk 179 / 187

2019
Flag
GDP PC 
: $7,686, CURRENT US$
Rnk 86 / 187

2009-2019
Flag
GDP PC GROWTH
: -25.2%, CURRENT US$
Rnk 183 / 187

2019
Flag
GDP PC
: $29,600, CURRENT US$
Rnk 36 / 187

2009-2019
Flag
GDP PC GROWTH
: -7.62%, CURRENT US$
Rnk 174 / 187

Libya-Spain: In 2019, Libya exported $3.85B to Spain. The main products that Libya exported to Spain are Crude Petroleum ($3.75B), Refined Petroleum ($94.5M), and Iron Reductions ($4.67M). During the last 24 years the exports of Libya to Spain have increased at an annualized rate of 5.64%, from $1.03B in 1995 to $3.85B in 2019.

In 2019, Libya did not exported services to Spain.

Spain-Libya: In 2019, Spain exported $468M to Libya . The main products that Spain exported to Libya were Sheep and Goats ($101M), Bovine ($83.5M), and Refined Petroleum ($55.4M). During the last 24 years the exports of Spain to Libya have increased at an annualized rate of 4.33%, from $169M in 1995 to $468M in 2019.

In 2019, Spain did not exported services to Libya.

Comparison: In 2019,  Libya ranked 135 in the Economic Complexity Index (ECI -1.3), and 68 in total exports ($26.3B). That same year, Spain ranked 36 in the Economic Complexity Index (ECI 0.85), and 16 in total exports ($319B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2019, Libya exported $3.85B to Spain. The main products exported from Libya to Spain were Crude Petroleum ($3.75B), Refined Petroleum ($94.5M), and Iron Reductions ($4.67M). During the last 24 years the exports of Libya to Spain have increased at an annualized rate of 5.64%, from $1.03B in 1995 to $3.85B in 2019.

In 2019, Spain exported $468M to Libya. The main products exported from Spain to Libya were Sheep and Goats ($101M), Bovine ($83.5M), and Refined Petroleum ($55.4M). During the last 24 years the exports of Spain to Libya have increased at an annualized rate of 4.33%, from $169M in 1995 to $468M in 2019.

Market Competitiveness

#permalink to section
Measure

Libya
Top Destination
: Italy, $4.77B

Spain
Top Destination
: France, $47.4B

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

In 2019, no countries were registered that imported more from Libya than from Spain.

In 2019, countries that imported more from Spain than Libya were France ($47.4B), Germany ($34.9B), and Portugal ($25.8B).

Comparative Advantage Libya - Spain

#permalink to section
Depth

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

During 2019, Libya had a large net trade with Spain in the exports of Mineral Products ($3.84B), Metals ($6.56M), and Chemical Products ($2.65M).

During 2019, Spain had a large net trade with Libya in the exports of Animal Products ($202M), Mineral Products ($58.3M), and Foodstuffs ($46.8M).

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Libya has comparative advantage over Spain. Similarly, the more red a dot/product is, the more Spain has comparative advantage over Libya.