Libya (LBY) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Libya-Malaysia Trade: In 2023, Libya exported $57.9M to Malaysia. The main products that Libya exported to Malaysia were Crude Petroleum ($56.4M), Raw Aluminium ($859k), and Copper Powder ($253k). Over the past 5 years the exports of Libya to Malaysia have decreased at an annualized rate of 39.9%, from $737M in 2018 to $57.9M in 2023.

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

Malaysia-Libya Trade: In 2023, Malaysia exported $21.1M to Libya. The main products that Malaysia exported to Libya were Palm Oil ($2.14M), Malt Extract ($1.88M), and Other Vegetable Oils ($1.82M). Over the past 5 years the exports of Malaysia to Libya have increased at an annualized rate of 1.8%, from $19.3M in 2018 to $21.1M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $57.9M to Malaysia. The main products exported from Libya to Malaysia were Crude Petroleum ($56.4M), Raw Aluminium ($859k), and Copper Powder ($253k). During the last 5 years the exports of Libya to Malaysia have decreased at an annualized rate of 39.9%, from $737M in 2018 to $57.9M in 2023.

In 2018, Malaysia exported $21.1M to Libya. The main products exported from Malaysia to Libya were Palm Oil ($2.14M), Malt Extract ($1.88M), and Other Vegetable Oils ($1.82M). During the last 5 years the exports of Malaysia to Libya have increased at an annualized rate of 1.8%, from $19.3M in 2023 to $21.1M in 2018.

Exports from Libya () to Malaysia () (2023)

Exports from Malaysia () to Libya () (2023)

Latest Data

Trade between Libya () and Malaysia ()

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Libya than Malaysia included Italy ($7.96B), Greece ($2.2B), and Spain ($3.08B).

In 2023, countries that imported more from Malaysia than Libya included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Libya - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Malaysia in the exports of Mineral Products ($56.4M), Metals ($1.3M), and Vegetable Products ($235k).

During 2018, Malaysia had a large net trade with Libya in the exports of Animal and Vegetable Bi-Products ($4.73M), Foodstuffs ($3.74M), and Machines ($3.01M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Malaysia+$46.7MCrude Petroleum

Top Product Potential Malaysia Libya+$1.19MRefined 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 Malaysia. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Libya.

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Malaysia () (2023)

Exports from Malaysia () to Libya () (2023)

Latest Data

Trade between Libya () and Malaysia ()

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Libya - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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