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2022
Flag → Flag
Exports $2.84BRnk 23 / 219
2022
Flag → Flag
Top Product $383MJewellery
2022
Flag → Flag
Exports $711MRnk 12 / 79
2022
Flag → Flag
Top Product $205MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
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GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Turkey-Libya Trade: In 2022, Turkey exported $2.84B to Libya. The main products that Turkey exported to Libya were Jewellery ($383M), Other Furniture ($130M), and Seed Oils ($121M). Over the past 5 years the exports of Turkey to Libya have increased at an annualized rate of 26.1%, from $890M in 2017 to $2.84B in 2022.

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

Libya-Turkey Trade: In 2022, Libya exported $711M to Turkey. The main products that Libya exported to Turkey were Scrap Iron ($205M), Scrap Copper ($139M), and Gold ($136M). Over the past 5 years the exports of Libya to Turkey have increased at an annualized rate of 20.2%,  from $283M in 2017 to $711M in 2022.

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

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkey exported $2.84B to Libya. The main products exported from Turkey to Libya were Jewellery ($383M), Other Furniture ($130M), and Seed Oils ($121M). During the last 5 years the exports of Turkey to Libya have increased at an annualized rate of 26.1%, from $890M in 2017 to $2.84B in 2022.

In 2017, Libya exported $711M to Turkey. The main products exported from Libya to Turkey were Scrap Iron ($205M), Scrap Copper ($139M), and Gold ($136M). During the last 5 years the exports of Libya to Turkey have increased at an annualized rate of 20.2%, from $283M in 2022 to $711M in 2017.

Exports from Turkey (Flag) to Libya (Flag) (2022)

Exports from Libya (Flag) to Turkey (Flag) (2022)

Latest Data

Trade between Turkey (Flag) and Libya (Flag)

Turkey Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Libya
Top DestinationItaly$9.26B

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 2022, countries that imported more from Turkey than Libya included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, countries that imported more from Libya than Turkey included Thailand ($1.67B).

Difference in imports from Libya (Flag) and Turkey (Flag) (2022)

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 2022, Turkey had a large net trade with Libya in the exports of Precious Metals ($384M), Textiles ($371M), and Machines ($330M).

During 2017, Libya had a large net trade with Turkey in the exports of Metals ($473M), Precious Metals ($138M), and Mineral Products ($45M).

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) (2022)

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