Libya (LBY) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Libya-Uruguay Trade: In 2018, Libya exported $88.2k to Uruguay. The main products that Libya exported to Uruguay were N/A. Over the past 20 years the exports of Libya to Uruguay have decreased at an annualized rate of 13.8%, from $1.72M in 1998 to $88.2k in 2018.

In 2018, Libya did not export any services to Uruguay.

Uruguay-Libya Trade: In 2018, Uruguay exported $4.33M to Libya. The main products that Uruguay exported to Libya were Concentrated Milk ($2.53M), Sheep and Goat Meat ($1.67M), and Vaccines, blood, antisera, toxins and cultures ($75.9k). Over the past 20 years the exports of Uruguay to Libya have increased at an annualized rate of 118%, from $88k in 1998 to $4.33M in 2018.

In 2018, Uruguay did not export any services to Libya.

Comparison: In 2023, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B). That same year, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Libya exported $88.2k to Uruguay. There were not main exports from Libya to Uruguay in 2018. During the last 20 years the exports of Libya to Uruguay have decreased at an annualized rate of 13.8%, from $1.72M in 1998 to $88.2k in 2018.

In 2018, Uruguay exported $4.33M to Libya. The main products exported from Uruguay to Libya were Concentrated Milk ($2.53M), Sheep and Goat Meat ($1.67M), and Vaccines, blood, antisera, toxins and cultures ($75.9k). During the last 5 years the exports of Uruguay to Libya have increased at an annualized rate of 118%, from $88k in 2023 to $4.33M in 2018.

Exports from Libya () to Uruguay () (2023)

Exports from Uruguay () to Libya () (2023)

Latest Data

Trade between Libya () and Uruguay ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Libya than Uruguay included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

In 2023, countries that imported more from Uruguay than Libya included Brazil ($1.92B), Argentina ($569M), and Chile ($285M).

Difference in imports from Uruguay () and Libya () (2023)

Comparative Advantage Libya - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Libya had a large net trade with Uruguay in the exports of .

During 2018, Uruguay had a large net trade with Libya in the exports of Animal Products ($4.2M) and Chemical Products ($123k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Uruguay+$6.26kCrude Petroleum

Top Product Potential Uruguay Libya+$482kConcentrated Milk

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Uruguay () (2023)

Exports from Uruguay () to Libya () (2023)

Latest Data

Trade between Libya () and Uruguay ()

Uruguay Exports

Market Competitiveness

Difference in imports from Uruguay () and Libya () (2023)

Comparative Advantage Libya - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Uruguay () (2023)

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