2022
Flag  
GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH
-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
 GDP
$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH
40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
GDP PC 
$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH
-57.4%CURRENT US$
Rnk 185 / 186
2022
Flag
GDP PC
$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 86 / 186

About

Libya-New Zealand Trade: In 2022, Libya exported $465 to New Zealand. The main products that Libya exported to New Zealand were Insulated Wire ($454) and Other Hand Tools ($11). Over the past 5 years the exports of Libya to New Zealand have increased at an annualized rate of 44.8%, from $73 in 2017 to $465 in 2022.

In 2022, Libya did not export any services to New Zealand.

New Zealand-Libya Trade: In 2022, New Zealand exported $82.6M to Libya. The main products that New Zealand exported to Libya were Concentrated Milk ($58.3M), Butter ($21.5M), and Cheese ($1.78M). Over the past 5 years the exports of New Zealand to Libya have increased at an annualized rate of 23.1%,  from $29.3M in 2017 to $82.6M in 2022.

In 2022, New Zealand did not export any services to Libya.

Comparison: In 2022,  Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Libya exported $465 to New Zealand. The main products exported from Libya to New Zealand were Insulated Wire ($454) and Other Hand Tools ($11). During the last 5 years the exports of Libya to New Zealand have increased at an annualized rate of 44.8%, from $73 in 2017 to $465 in 2022.

In 2017, New Zealand exported $82.6M to Libya. The main products exported from New Zealand to Libya were Concentrated Milk ($58.3M), Butter ($21.5M), and Cheese ($1.78M). During the last 5 years the exports of New Zealand to Libya have increased at an annualized rate of 23.1%, from $29.3M in 2022 to $82.6M in 2017.

Exports from Libya (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Libya (Flag) (2022)

Latest Data

Trade between Libya (Flag) and New Zealand (Flag)

New Zealand Exports

Market Competitiveness

Color
Libya
Top Destination
Italy$9.26B
New Zealand
Top Destination
China$13.1B

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

In 2022, countries that imported more from Libya than New Zealand included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

In 2022, countries that imported more from New Zealand than Libya included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

Difference in imports from New Zealand (Flag) and Libya (Flag) (2022)

Comparative Advantage Libya - New Zealand

Flow
Scale

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

During 2022, Libya had a large net trade with New Zealand in the exports of Machines ($454) and Metals ($11).

During 2017, New Zealand had a large net trade with Libya in the exports of Animal Products ($82.2M), Chemical Products ($255k), and Instruments ($143k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya New Zealand+$5.34kCrude Petroleum
Top Product Potential New Zealand Libya+$1.24MCheese

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Libya (Flag) and New Zealand (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with