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Pricing

2023
Flag → Flag
Exports $1.57BRnk 9 / 89
2023
Flag → Flag
Top Product $1.57BCrude Petroleum
2023
Flag → Flag
Exports $425MRnk 111 / 220
2023
Flag → Flag
Top Product $198MCars
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $6,173CURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP PC GROWTH-48.4%CURRENT US$
Rnk 193 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Libya-United States Trade: In 2023, Libya exported $1.57B to United States. The main products that Libya exported to United States were Crude Petroleum ($1.57B), Collector's Items ($319k), and Other Agricultural Machinery ($14.3k). Over the past 5 years the exports of Libya to United States have increased at an annualized rate of 9.98%, from $975M in 2018 to $1.57B in 2023.

In 2023, Libya did not export any services to United States.

United States-Libya Trade: In 2023, United States exported $425M to Libya. The main products that United States exported to Libya were Cars ($198M), Other Nuts ($39.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($23.5M). Over the past 5 years the exports of United States to Libya have increased at an annualized rate of 8.22%,  from $245M in 2018 to $425M in 2023.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Libya exported $1.57B to United States. The main products exported from Libya to United States were Crude Petroleum ($1.57B), Collector's Items ($319k), and Other Agricultural Machinery ($14.3k). During the last 5 years the exports of Libya to United States have increased at an annualized rate of 9.98%, from $975M in 2018 to $1.57B in 2023.

In 2018, United States exported $425M to Libya. The main products exported from United States to Libya were Cars ($198M), Other Nuts ($39.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($23.5M). During the last 5 years the exports of United States to Libya have increased at an annualized rate of 8.22%, from $245M in 2023 to $425M in 2018.

Exports from Libya (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Libya (Flag) (2023)

Latest Data

Trade between Libya (Flag) and United States (Flag)

United States Exports

Market Competitiveness

Color
Libya
Top DestinationItaly$7.96B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Libya than United States included Greece ($2.2B).

In 2023, countries that imported more from United States than Libya included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Libya (Flag) (2023)

Comparative Advantage Libya - United States

Flow
Scale

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

During 2023, Libya had a large net trade with United States in the exports of Mineral Products ($1.57B), Arts and Antiques ($319k), and Machines ($30.1k).

During 2018, United States had a large net trade with Libya in the exports of Transportation ($229M), Machines ($57.2M), and Vegetable Products ($48.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya United States+$1.05BCrude Petroleum
Top Product Potential United States Libya+$23.9MCars

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

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

Product Space of Libya (Flag) and United States (Flag) (2023)

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