Libya (LBY) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Libya-Serbia Trade: In 2022, Libya exported $5.13M to Serbia. The main products that Libya exported to Serbia were Nitrogenous Fertilizers ($5.08M), Petroleum Gas ($46.2k), and Trunks and Cases ($1.73k). Over the past 6 years the exports of Libya to Serbia have increased at an annualized rate of 137%, from $28.7k in 2016 to $5.13M in 2022.

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

Serbia-Libya Trade: In 2022, Serbia exported $20.8M to Libya. The main products that Serbia exported to Libya were Flavored Water ($5.84M), Rolled Tobacco ($4.54M), and Fruit Juice ($4.5M). Over the past 6 years the exports of Serbia to Libya have increased at an annualized rate of 20.6%, from $8.17M in 2016 to $20.8M in 2022.

In 2009, Serbia exported services to Libya worth $9.35M, with Construction services ($4.98M), Compensation of employees ($3.06M), and Transportation ($536k) 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, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $5.13M to Serbia. The main products exported from Libya to Serbia were Nitrogenous Fertilizers ($5.08M), Petroleum Gas ($46.2k), and Trunks and Cases ($1.73k). During the last 6 years the exports of Libya to Serbia have increased at an annualized rate of 137%, from $28.7k in 2016 to $5.13M in 2022.

In 2017, Serbia exported $20.8M to Libya. The main products exported from Serbia to Libya were Flavored Water ($5.84M), Rolled Tobacco ($4.54M), and Fruit Juice ($4.5M). During the last 5 years the exports of Serbia to Libya have increased at an annualized rate of 20.6%, from $8.17M in 2022 to $20.8M in 2017.

Exports from Libya () to Serbia () (2022)

Exports from Serbia () to Libya () (2022)

Latest Data

Trade between Libya () and Serbia ()

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Libya than Serbia included Italy ($9.26B), Spain ($3.48B), and Greece ($2.25B).

In 2022, countries that imported more from Serbia than Libya included Bosnia and Herzegovina ($2.14B), Hungary ($1.69B), and Romania ($1.31B).

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

Comparative Advantage Libya - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Serbia in the exports of Chemical Products ($5.08M), Mineral Products ($46.2k), and Animal Hides ($1.73k).

During 2017, Serbia had a large net trade with Libya in the exports of Foodstuffs ($15.9M), Plastics and Rubbers ($2.01M), and Animal Products ($1.33M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Serbia+$477kPetroleum Gas

Top Product Potential Serbia Libya+$1.52MRolled Tobacco

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Serbia () (2022)

Exports from Serbia () to Libya () (2022)

Latest Data

Trade between Libya () and Serbia ()

Serbia Exports

Market Competitiveness

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

Comparative Advantage Libya - Serbia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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