Libya (LBY) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

About

Libya-Vietnam Trade: In 2017, Libya exported $1.44k to Vietnam. The main products that Libya exported to Vietnam were N/A. Over the past 8 years the exports of Libya to Vietnam have decreased at an annualized rate of 24.3%, from $13.4k in 2009 to $1.44k in 2017.

In 2017, Libya did not export any services to Vietnam.

Vietnam-Libya Trade: In 2017, Vietnam exported $18.4M to Libya. The main products that Vietnam exported to Libya were N/A. Over the past 8 years the exports of Vietnam to Libya have decreased at an annualized rate of 7.54%, from $27.2M in 2009 to $18.4M in 2017.

In 2017, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2017, Libya exported $1.44k to Vietnam. There were not main exports from Libya to Vietnam in 2017. During the last 8 years the exports of Libya to Vietnam have decreased at an annualized rate of 24.3%, from $13.4k in 2009 to $1.44k in 2017.

In 2012, Vietnam exported $18.4M to Libya. There were not main exports from Vietnam to Libya in 2012. During the last 5 years the exports of Vietnam to Libya have decreased at an annualized rate of 7.54%, from $27.2M in 2017 to $18.4M in 2012.

Exports from Libya () to Vietnam () (2017)

Exports from Vietnam () to Libya () (2017)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Libya than Vietnam included Italy ($7.96B), Greece ($2.2B), and Romania ($657M).

In 2023, countries that imported more from Vietnam than Libya included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Libya - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Libya had a large net trade with Vietnam in the exports of .

During 2012, Vietnam 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 Vietnam+$10.1kCrude Petroleum

Top Product Potential Vietnam Libya+$7.41kTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Vietnam () (2017)

Exports from Vietnam () to Libya () (2017)

Market Competitiveness

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

Comparative Advantage Libya - Vietnam

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Libya () and Vietnam () (2017)

Keep Exploring