Libya (LBY) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Libya-Ghana Trade: In 2023, Libya exported $8.63M to Ghana. The main products that Libya exported to Ghana were Nitrogenous Fertilizers ($8.59M), Used Clothing ($6.36k), and Rubber Tires ($5.77k). Over the past 6 years the exports of Libya to Ghana have increased at an annualized rate of 0.77%, from $8.24M in 2017 to $8.63M in 2023.

In 2023, Libya did not export any services to Ghana.

Ghana-Libya Trade: In 2023, Ghana exported $242k to Libya. The main products that Ghana exported to Libya were Cocoa Powder ($242k). Over the past 6 years the exports of Ghana to Libya have increased at an annualized rate of 20.2%, from $15.3k in 2017 to $242k in 2023.

In 2023, Ghana did not export any services to Libya.

Comparison: In 2023, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B). That same year, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $8.63M to Ghana. The main products exported from Libya to Ghana were Nitrogenous Fertilizers ($8.59M), Used Clothing ($6.36k), and Rubber Tires ($5.77k). During the last 6 years the exports of Libya to Ghana have increased at an annualized rate of 0.77%, from $8.24M in 2017 to $8.63M in 2023.

In 2018, Ghana exported $242k to Libya. The main products exported from Ghana to Libya were Cocoa Powder ($242k). During the last 5 years the exports of Ghana to Libya have increased at an annualized rate of 20.2%, from $15.3k in 2023 to $242k in 2018.

Exports from Libya () to Ghana () (2023)

Exports from Ghana () to Libya () (2023)

Latest Data

Trade between Libya () and Ghana ()

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Libya than Ghana included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

In 2023, countries that imported more from Ghana than Libya included Switzerland ($6.49B), United Arab Emirates ($4.93B), and South Africa ($1.85B).

Difference in imports from Ghana () and Libya () (2023)

Comparative Advantage Libya - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Ghana in the exports of Chemical Products ($8.59M), Machines ($10.4k), and Plastics and Rubbers ($8.69k).

During 2018, Ghana had a large net trade with Libya in the exports of Foodstuffs ($242k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Ghana+$3.97kRefined Petroleum

Top Product Potential Ghana Libya+$3.92kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Ghana () (2023)

Exports from Ghana () to Libya () (2023)

Latest Data

Trade between Libya () and Ghana ()

Ghana Exports

Market Competitiveness

Difference in imports from Ghana () and Libya () (2023)

Comparative Advantage Libya - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Ghana () (2023)

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