Turkey (TUR) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Turkey-Libya Trade: In 2023, Turkey exported $3.26B to Libya. The main products that Turkey exported to Libya were Refined Petroleum ($536M), Jewellery ($392M), and Other Furniture ($119M). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Turkey exported $3.26B to Libya. The main products exported from Turkey to Libya were Refined Petroleum ($536M), Jewellery ($392M), and Other Furniture ($119M). 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.

Exports from Turkey () to Libya () (2023)

Exports from Libya () to Turkey () (2023)

Latest Data

Trade between Turkey () and Libya ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2023, countries that imported more from Turkey than Libya included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Libya than Turkey included Thailand ($1.26B).

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

Comparative Advantage Turkey - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 Mineral Products ($544M), Precious Metals ($392M), and Textiles ($348M).

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Libya () (2023)

Exports from Libya () to Turkey () (2023)

Latest Data

Trade between Turkey () and Libya ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Turkey - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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