Libya (LBY) and India (IND) Trade | The Observatory of Economic Complexity

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Libya-India Trade: In 2023, Libya exported $436M to India. The main products that Libya exported to India were Crude Petroleum ($359M), Iron Reductions ($18.6M), and Scrap Aluminium ($15.4M). Over the past 5 years the exports of Libya to India have increased at an annualized rate of 27.9%, from $128M in 2018 to $436M in 2023.

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

India-Libya Trade: In 2023, India exported $505M to Libya. The main products that India exported to Libya were Raw Sugar ($160M), Unglazed Ceramics ($58.1M), and Cars ($44.2M). Over the past 5 years the exports of India to Libya have increased at an annualized rate of 30.2%, from $135M in 2018 to $505M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $436M to India. The main products exported from Libya to India were Crude Petroleum ($359M), Iron Reductions ($18.6M), and Scrap Aluminium ($15.4M). During the last 5 years the exports of Libya to India have increased at an annualized rate of 27.9%, from $128M in 2018 to $436M in 2023.

In 2018, India exported $505M to Libya. The main products exported from India to Libya were Raw Sugar ($160M), Unglazed Ceramics ($58.1M), and Cars ($44.2M). During the last 5 years the exports of India to Libya have increased at an annualized rate of 30.2%, from $135M in 2023 to $505M in 2018.

Exports from Libya () to India () (2023)

Exports from India () to Libya () (2023)

Latest Data

Trade between Libya () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Libya than India included Greece ($2.2B).

In 2023, countries that imported more from India than Libya included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Libya - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with India in the exports of Mineral Products ($360M), Metals ($63.6M), and Chemical Products ($11.2M).

During 2018, India had a large net trade with Libya in the exports of Foodstuffs ($172M), Stone And Glass ($86.5M), and Vegetable Products ($70.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya India+$653MCrude Petroleum

Top Product Potential India Libya+$15.3MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to India () (2023)

Exports from India () to Libya () (2023)

Latest Data

Trade between Libya () and India ()

India Exports

Market Competitiveness

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

Comparative Advantage Libya - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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