Libya (LBY) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Libya-Ireland Trade: In 2023, Libya exported $104k to Ireland. The main products that Libya exported to Ireland were Coconuts, Brazil Nuts, and Cashews ($52.6k), Flavored Water ($42.8k), and Collector's Items ($2.51k). Over the past 5 years the exports of Libya to Ireland have increased at an annualized rate of 106%, from $2.81k in 2018 to $104k in 2023.

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

Ireland-Libya Trade: In 2023, Ireland exported $53.9M to Libya. The main products that Ireland exported to Libya were Cheese ($20.7M), Concentrated Milk ($16.4M), and Broadcasting Equipment ($8.66M). Over the past 5 years the exports of Ireland to Libya have decreased at an annualized rate of 3.05%, from $71.2M in 2018 to $53.9M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $104k to Ireland. The main products exported from Libya to Ireland were Coconuts, Brazil Nuts, and Cashews ($52.6k), Flavored Water ($42.8k), and Collector's Items ($2.51k). During the last 5 years the exports of Libya to Ireland have increased at an annualized rate of 106%, from $2.81k in 2018 to $104k in 2023.

In 2018, Ireland exported $53.9M to Libya. The main products exported from Ireland to Libya were Cheese ($20.7M), Concentrated Milk ($16.4M), and Broadcasting Equipment ($8.66M). During the last 5 years the exports of Ireland to Libya have decreased at an annualized rate of 3.05%, from $71.2M in 2023 to $53.9M in 2018.

Exports from Libya () to Ireland () (2023)

Exports from Ireland () to Libya () (2023)

Latest Data

Trade between Libya () and Ireland ()

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Libya than Ireland included Greece ($2.2B), United Arab Emirates ($1.85B), and Thailand ($1.26B).

In 2023, countries that imported more from Ireland than Libya included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Libya - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Ireland in the exports of Vegetable Products ($52.6k), Foodstuffs ($45.2k), and Arts and Antiques ($2.51k).

During 2018, Ireland had a large net trade with Libya in the exports of Animal Products ($39.7M), Machines ($9.15M), and Foodstuffs ($2.72M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Ireland+$16.5kChocolate

Top Product Potential Ireland Libya+$1.38MComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Ireland () (2023)

Exports from Ireland () to Libya () (2023)

Latest Data

Trade between Libya () and Ireland ()

Ireland Exports

Market Competitiveness

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

Comparative Advantage Libya - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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