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Pricing

2022
Flag → Flag
Exports $49Rnk 76 / 79
2022
Flag → Flag
Top Product $21Beauty Products
2022
Flag → Flag
Exports $2.31MRnk 144 / 207
2022
Flag → Flag
Top Product $1.21MRough Wood
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag  
GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
GDP PC $6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186
2022
Flag
GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Libya-Finland Trade: In 2022, Libya exported $49 to Finland. The main products that Libya exported to Finland were Beauty Products ($21), Shaving Products ($16), and X-Ray Equipment ($9). Over the past 7 years the exports of Libya to Finland have decreased at an annualized rate of 32.3%, from $749 in 2015 to $49 in 2022.

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

Finland-Libya Trade: In 2022, Finland exported $2.31M to Libya. The main products that Finland exported to Libya were Rough Wood ($1.21M), Surveying Equipment ($232k), and Sulfate Chemical Woodpulp ($192k). Over the past 7 years the exports of Finland to Libya have decreased at an annualized rate of 13.2%,  from $4.68M in 2015 to $2.31M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Latest Data

Trade between Libya (Flag) and Finland (Flag)

Finland Exports

Market Competitiveness

Color
Libya
Top DestinationItaly$9.26B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Libya than Finland included Italy ($9.26B), Greece ($2.25B), and Spain ($3.48B).

In 2022, countries that imported more from Finland than Libya included Sweden ($9.1B), United States ($9.17B), and Germany ($9.99B).

Difference in imports from Finland (Flag) and Libya (Flag) (2022)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Finland+$9.58kCrude Petroleum
Top Product Potential Finland Libya+$350kSawn Wood

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

Product Space of Libya (Flag) and Finland (Flag) (NaN)

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