2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH
-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
 GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC 
$6,173CURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP PC GROWTH
-48.4%CURRENT US$
Rnk 193 / 195
2023
Flag
GDP PC
$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195

About

Libya-Italy Trade: In 2023, Libya exported $7.96B to Italy. The main products that Libya exported to Italy were Crude Petroleum ($6.51B), Petroleum Gas ($1.28B), and Refined Petroleum ($113M). Over the past 5 years the exports of Libya to Italy have decreased at an annualized rate of 6.77%, from $11.3B in 2018 to $7.96B in 2023.

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

Italy-Libya Trade: In 2023, Italy exported $1.84B to Libya. The main products that Italy exported to Libya were Refined Petroleum ($956M), Processed Tomatoes ($86.8M), and Insulated Wire ($76.4M). Over the past 5 years the exports of Italy to Libya have increased at an annualized rate of 6.04%,  from $1.37B in 2018 to $1.84B in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Libya exported $7.96B to Italy. The main products exported from Libya to Italy were Crude Petroleum ($6.51B), Petroleum Gas ($1.28B), and Refined Petroleum ($113M). During the last 5 years the exports of Libya to Italy have decreased at an annualized rate of 6.77%, from $11.3B in 2018 to $7.96B in 2023.

In 2018, Italy exported $1.84B to Libya. The main products exported from Italy to Libya were Refined Petroleum ($956M), Processed Tomatoes ($86.8M), and Insulated Wire ($76.4M). During the last 5 years the exports of Italy to Libya have increased at an annualized rate of 6.04%, from $1.37B in 2023 to $1.84B in 2018.

Exports from Libya (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Libya (Flag) (2023)

Latest Data

Trade between Libya (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Libya
Top Destination
Italy$7.96B
Italy
Top Destination
Germany$71.4B

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

In 2023, no countries were registered that imported more from Libya than from Italy.

In 2023, countries that imported more from Italy than Libya included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

Difference in imports from Italy (Flag) and Libya (Flag) (2023)

Comparative Advantage Libya - Italy

Flow
Scale

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

During 2023, Libya had a large net trade with Italy in the exports of Mineral Products ($7.91B), Metals ($35.9M), and Chemical Products ($16M).

During 2018, Italy had a large net trade with Libya in the exports of N/A.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Italy+$457MPetroleum Gas
Top Product Potential Italy Libya+$16.7MPackaged Medicaments

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

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

Product Space of Libya (Flag) and Italy (Flag) (2023)

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