Libya (LBY) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Libya-Iceland Trade: In 2022, Libya exported $207 to Iceland. The main products that Libya exported to Iceland were N/A. Over the past 12 years the exports of Libya to Iceland have decreased at an annualized rate of 50.4%, from $926k in 2010 to $207 in 2022.

In 2022, Libya did not export any services to Iceland.

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

In 2022, Iceland 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, Iceland ranked 115 in total exports ($7.31B), 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 2022, Libya exported $207 to Iceland. There were not main exports from Libya to Iceland in 2022. During the last 12 years the exports of Libya to Iceland have decreased at an annualized rate of 50.4%, from $926k in 2010 to $207 in 2022.

Iceland does not register exports to Libya. The main products exported from Iceland to Libya were Refined Petroleum ($53.9k).

Exports from Libya () to Iceland () (2023)

Exports from Iceland () to Libya () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Iceland
Top DestinationNetherlands$1.97B

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

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

In 2023, countries that imported more from Iceland than Libya included Netherlands ($1.97B), Norway ($444M), and Poland ($298M).

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

Comparative Advantage Libya - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Iceland in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Iceland () (2023)

Exports from Iceland () to Libya () (2023)

Market Competitiveness

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

Comparative Advantage Libya - Iceland

Economic Complexity

Competitive Landscape

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

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