Libya (LBY) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Libya-Norway Trade: In 2023, Libya exported $26.8k to Norway. The main products that Libya exported to Norway were Other Furniture ($14.5k), Refrigerators ($10.6k), and Other Electrical Machinery ($506). Over the past 5 years the exports of Libya to Norway have decreased at an annualized rate of 70.3%, from $11.5M in 2018 to $26.8k in 2023.

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

Norway-Libya Trade: In 2023, Norway exported $2.85M to Libya. The main products that Norway exported to Libya were Rubberworking Machinery ($846k), Navigation Equipment ($516k), and Broadcasting Equipment ($411k). Over the past 5 years the exports of Norway to Libya have increased at an annualized rate of 35.8%, from $616k in 2018 to $2.85M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $26.8k to Norway. The main products exported from Libya to Norway were Other Furniture ($14.5k), Refrigerators ($10.6k), and Other Electrical Machinery ($506). During the last 5 years the exports of Libya to Norway have decreased at an annualized rate of 70.3%, from $11.5M in 2018 to $26.8k in 2023.

In 2018, Norway exported $2.85M to Libya. The main products exported from Norway to Libya were Rubberworking Machinery ($846k), Navigation Equipment ($516k), and Broadcasting Equipment ($411k). During the last 5 years the exports of Norway to Libya have increased at an annualized rate of 35.8%, from $616k in 2023 to $2.85M in 2018.

Exports from Libya () to Norway () (2023)

Exports from Norway () to Libya () (2023)

Latest Data

Trade between Libya () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Libya than Norway included Italy ($7.96B), Greece ($2.2B), and United Arab Emirates ($1.85B).

In 2023, countries that imported more from Norway than Libya included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

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

Comparative Advantage Libya - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Norway in the exports of Miscellaneous ($14.5k), Machines ($11.1k), and Textiles ($848).

During 2018, Norway had a large net trade with Libya in the exports of Machines ($2.48M), Instruments ($109k), and Metals ($98.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Norway+$9.95MCrude Petroleum

Top Product Potential Norway Libya+$240kValves

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Norway () (2023)

Exports from Norway () to Libya () (2023)

Latest Data

Trade between Libya () and Norway ()

Norway Exports

Market Competitiveness

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

Comparative Advantage Libya - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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