Libya (LBY) and Gambia (GMB) Trade | The Observatory of Economic Complexity

About

Libya-Gambia Trade: In 2023, Libya exported $24.1k to Gambia. The main products that Libya exported to Gambia were Pesticides ($8.43k), Soap ($4.28k), and Shaving Products ($2.51k). Over the past 9 years the exports of Libya to Gambia have increased at an annualized rate of 10.3%, from $9.95k in 2014 to $24.1k in 2023.

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

Gambia-Libya In N/A, Gambia did not export any products to Libya.

In 2023, Gambia 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, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $24.1k to Gambia. The main products exported from Libya to Gambia were Pesticides ($8.43k), Soap ($4.28k), and Shaving Products ($2.51k). During the last 9 years the exports of Libya to Gambia have increased at an annualized rate of 10.3%, from $9.95k in 2014 to $24.1k in 2023.

Gambia does not register exports to Libya.

Exports from Libya () to Gambia () (2023)

Exports from Gambia () to Libya () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Gambia
Top DestinationKazakhstan$2.91B

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

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

In 2023, countries that imported more from Gambia than Libya included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Mali ($8.85M).

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

Comparative Advantage Libya - Gambia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Gambia in the exports of Chemical Products ($16.3k), Miscellaneous ($2.78k), and Machines ($2.01k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Gambia+$1.46kPetroleum Gas

Top Product Potential Gambia Libya+$1.58kRefined 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 Gambia. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Gambia. Similarly, a dot/product with the flag of Gambia indicates it has a comparative advantage over Libya.

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Gambia () (2023)

Exports from Gambia () to Libya () (2023)

Market Competitiveness

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

Comparative Advantage Libya - Gambia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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