Libya (LBY) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Libya-Thailand Trade: In 2022, Libya exported $1.67B to Thailand. The main products that Libya exported to Thailand were Crude Petroleum ($1.67B), Electrical Parts ($148k), and Scrap Aluminium ($106k). Over the past 5 years the exports of Libya to Thailand have increased at an annualized rate of 76%, from $99.1M in 2017 to $1.67B in 2022.

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

Thailand-Libya Trade: In 2022, Thailand exported $233M to Libya. The main products that Thailand exported to Libya were Processed Fish ($141M), Cars ($35M), and Delivery Trucks ($27.5M). Over the past 5 years the exports of Thailand to Libya have increased at an annualized rate of 0.62%, from $226M in 2017 to $233M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $1.67B to Thailand. The main products exported from Libya to Thailand were Crude Petroleum ($1.67B), Electrical Parts ($148k), and Scrap Aluminium ($106k). During the last 5 years the exports of Libya to Thailand have increased at an annualized rate of 76%, from $99.1M in 2017 to $1.67B in 2022.

In 2017, Thailand exported $233M to Libya. The main products exported from Thailand to Libya were Processed Fish ($141M), Cars ($35M), and Delivery Trucks ($27.5M). During the last 5 years the exports of Thailand to Libya have increased at an annualized rate of 0.62%, from $226M in 2022 to $233M in 2017.

Exports from Libya () to Thailand () (2022)

Exports from Thailand () to Libya () (2022)

Latest Data

Trade between Libya () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Thailand
Top DestinationUnited States$53.4B

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

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

In 2022, countries that imported more from Thailand than Libya included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Libya - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Thailand in the exports of Mineral Products ($1.67B), Machines ($153k), and Metals ($106k).

During 2017, Thailand had a large net trade with Libya in the exports of Foodstuffs ($156M), Transportation ($65.1M), and Plastics and Rubbers ($2.77M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Thailand+$352kScrap Aluminium

Top Product Potential Thailand Libya+$9.53MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Thailand () (2022)

Exports from Thailand () to Libya () (2022)

Latest Data

Trade between Libya () and Thailand ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Libya - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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