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Pricing

2022
Flag → Flag
Exports $1.4BRnk 11 / 79
2022
Flag → Flag
Top Product $1.39BCrude Petroleum
2022
Flag → Flag
Exports $145MRnk 94 / 224
2022
Flag → Flag
Top Product $18MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 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$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Libya-United Kingdom Trade: In 2022, Libya exported $1.4B to United Kingdom. The main products that Libya exported to United Kingdom were Crude Petroleum ($1.39B), Ammonia ($4.74M), and Aircraft Parts ($995k). Over the past 5 years the exports of Libya to United Kingdom have increased at an annualized rate of 2.3%, from $1.25B in 2017 to $1.4B in 2022.

In 2022, Libya did not export any services to United Kingdom.

United Kingdom-Libya Trade: In 2022, United Kingdom exported $145M to Libya. The main products that United Kingdom exported to Libya were Packaged Medicaments ($18M), Chocolate ($11.9M), and Unpackaged Medicaments ($5.94M). Over the past 5 years the exports of United Kingdom to Libya have decreased at an annualized rate of 9.62%,  from $240M in 2017 to $145M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Libya exported $1.4B to United Kingdom. The main products exported from Libya to United Kingdom were Crude Petroleum ($1.39B), Ammonia ($4.74M), and Aircraft Parts ($995k). During the last 5 years the exports of Libya to United Kingdom have increased at an annualized rate of 2.3%, from $1.25B in 2017 to $1.4B in 2022.

In 2017, United Kingdom exported $145M to Libya. The main products exported from United Kingdom to Libya were Packaged Medicaments ($18M), Chocolate ($11.9M), and Unpackaged Medicaments ($5.94M). During the last 5 years the exports of United Kingdom to Libya have decreased at an annualized rate of 9.62%, from $240M in 2022 to $145M in 2017.

Exports from Libya (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Libya (Flag) (2022)

Latest Data

Trade between Libya (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Libya
Top DestinationItaly$9.26B
United Kingdom
Top DestinationUnited States$61.8B

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

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

In 2022, countries that imported more from United Kingdom than Libya included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Libya (Flag) (2022)

Comparative Advantage Libya - United Kingdom

Flow
Scale

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

During 2022, Libya had a large net trade with United Kingdom in the exports of Mineral Products ($1.39B), Chemical Products ($4.75M), and Transportation ($1M).

During 2017, United Kingdom had a large net trade with Libya in the exports of Chemical Products ($39.3M), Machines ($35.1M), and Foodstuffs ($22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya United Kingdom+$329MCrude Petroleum
Top Product Potential United Kingdom Libya+$12.5MPackaged 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

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

Product Space of Libya (Flag) and United Kingdom (Flag) (2022)

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