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Pricing

2023
Flag → Flag
Exports $3.26BRnk 21 / 216
2023
Flag → Flag
Exports $538MRnk N/A / N/A
2023
Flag → Flag
Top Product $175MScrap Iron
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132

About

Turkey-Libya Trade: In 2023, Turkey exported $3.26B to Libya. The main products that Turkey exported to Libya were N/A. Over the past 5 years the exports of Turkey to Libya have increased at an annualized rate of 16.9%, from $1.49B in 2018 to $3.26B in 2023.

In 2023, Turkey did not export any services to Libya.

Libya-Turkey Trade: In 2023, Libya exported $538M to Turkey. The main products that Libya exported to Turkey were Scrap Iron ($175M), Scrap Copper ($118M), and Ammonia ($53.4M). Over the past 5 years the exports of Libya to Turkey have increased at an annualized rate of 7.57%,  from $374M in 2018 to $538M in 2023.

In 2023, Libya did not export any services to Turkey.

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkey exported $3.26B to Libya. There were not main exports from Turkey to Libya in 2023. During the last 5 years the exports of Turkey to Libya have increased at an annualized rate of 16.9%, from $1.49B in 2018 to $3.26B in 2023.

In 2018, Libya exported $538M to Turkey. The main products exported from Libya to Turkey were Scrap Iron ($175M), Scrap Copper ($118M), and Ammonia ($53.4M). During the last 5 years the exports of Libya to Turkey have increased at an annualized rate of 7.57%, from $374M in 2023 to $538M in 2018.

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Libya
Top DestinationItaly$7.96B

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

In undefined, countries that imported more from Turkey than Libya included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In undefined, countries that imported more from Libya than Turkey included Thailand ($1.26B).

Comparative Advantage Turkey - Libya

Flow
Scale

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

During 2023, Turkey had a large net trade with Libya in the exports of N/A.

During 2018, Libya had a large net trade with Turkey in the exports of Metals ($398M), Chemical Products ($59.2M), and Precious Metals ($52.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Libya+$37.5MRefined Petroleum
Top Product Potential Libya Turkey+$36MGold

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

Product Space of Turkey (Flag) and Libya (Flag) (2023)

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