Libya (LBY) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Libya-Portugal Trade: In 2022, Libya exported $20.6M to Portugal. The main products that Libya exported to Portugal were Ammonia ($20.6M), Paper Containers ($112), and Non-Knit Active Wear ($61). Over the past 5 years the exports of Libya to Portugal have increased at an annualized rate of 119%, from $411k in 2017 to $20.6M in 2022.

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

Portugal-Libya Trade: In 2022, Portugal exported $35.9M to Libya. The main products that Portugal exported to Libya were Packaged Medicaments ($7.86M), Apples and Pears ($4.76M), and Processed Fish ($3.68M). Over the past 5 years the exports of Portugal to Libya have increased at an annualized rate of 11.2%, from $18.9M in 2017 to $35.9M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $20.6M to Portugal. The main products exported from Libya to Portugal were Ammonia ($20.6M), Paper Containers ($112), and Non-Knit Active Wear ($61). During the last 5 years the exports of Libya to Portugal have increased at an annualized rate of 119%, from $411k in 2017 to $20.6M in 2022.

In 2017, Portugal exported $35.9M to Libya. The main products exported from Portugal to Libya were Packaged Medicaments ($7.86M), Apples and Pears ($4.76M), and Processed Fish ($3.68M). During the last 5 years the exports of Portugal to Libya have increased at an annualized rate of 11.2%, from $18.9M in 2022 to $35.9M in 2017.

Exports from Libya () to Portugal () (2022)

Exports from Portugal () to Libya () (2022)

Latest Data

Trade between Libya () and Portugal ()

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Libya than Portugal included Italy ($9.26B), Greece ($2.25B), and China ($2.52B).

In 2022, countries that imported more from Portugal than Libya included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

Difference in imports from Portugal () and Libya () (2022)

Comparative Advantage Libya - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Portugal in the exports of Chemical Products ($20.6M), Paper Goods ($123), and Textiles ($61).

During 2017, Portugal had a large net trade with Libya in the exports of Chemical Products ($8.23M), Foodstuffs ($7.82M), and Machines ($5.57M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Portugal+$13kCrude Petroleum

Top Product Potential Portugal Libya+$2.16MPackaged 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Portugal () (2022)

Exports from Portugal () to Libya () (2022)

Latest Data

Trade between Libya () and Portugal ()

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Libya () (2022)

Comparative Advantage Libya - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Portugal () (2022)

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