Libya (LBY) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Libya-Russia Trade: In 2021, Libya exported $523 to Russia. The main products that Libya exported to Russia were N/A. Over the past 5 years the exports of Libya to Russia have increased at an annualized rate of 74.9%, from $32 in 2016 to $523 in 2021.

In 2021, Libya did not export any services to Russia.

Russia-Libya Trade: In 2021, Russia exported $332M to Libya. The main products that Russia exported to Libya were N/A. Over the past 5 years the exports of Russia to Libya have increased at an annualized rate of 36.2%, from $70.9M in 2016 to $332M in 2021.

In 2020, Russia exported services to Libya worth $358k, with Other business services ($161k), Transportation ($95k), and Communications services ($54k) being the largest in terms of value.

Comparison: In 2022, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Libya exported $523 to Russia. There were not main exports from Libya to Russia in 2021. During the last 5 years the exports of Libya to Russia have increased at an annualized rate of 74.9%, from $32 in 2016 to $523 in 2021.

In 2016, Russia exported $332M to Libya. There were not main exports from Russia to Libya in 2016. During the last 5 years the exports of Russia to Libya have increased at an annualized rate of 36.2%, from $70.9M in 2021 to $332M in 2016.

Exports from Libya () to Russia () (2021)

Exports from Russia () to Libya () (2021)

Latest Data

Trade between Libya () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Libya than Russia included Thailand ($1.67B), Austria ($674M), and Malta ($27.3M).

In 2022, countries that imported more from Russia than Libya included China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage Libya - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Libya had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Libya in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Russia+$5.18kCrude Petroleum

Top Product Potential Russia Libya+$10.8kRefined 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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Libya worth $358k, with Other business services ($161k), Transportation ($95k), and Communications services ($54k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Libya () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Russia () (2021)

Exports from Russia () to Libya () (2021)

Latest Data

Trade between Libya () and Russia ()

Russia Exports

Market Competitiveness

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

Comparative Advantage Libya - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Libya () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Libya () and Russia () (2021)

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