2022
Exports
$169MWorld Rnk 7 / 89
Flag Rnk 7 / 413
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$11.9kWorld Rnk 102 / 144
Flag Rnk 943 / 1070
2022
ECONOMIC COMPLEXITY of Libya
-0.84Rnk 104 / 133

About

Exports In 2022, Libya exported $169M in Iron Reductions, making it the 7th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 7th most exported product in Libya. The main destination of Iron Reductions exports from Libya are: Italy ($41.5M), Egypt ($39.4M), Turkey ($27.1M), Germany ($17.9M), and Morocco ($15.8M).

The fastest growing export markets for Iron Reductions of Libya between 2021 and 2022 were Egypt ($27M), Italy ($20.6M), and France ($8.73M).

Imports In 2022, Libya imported $11.9k in Iron Reductions, becoming the 102nd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 943rd most imported product in Libya. Libya imports Iron Reductions primarily from: Italy ($11.9k).

The fastest growing import markets in Iron Reductions for Libya between N/A and 2022 were Italy ($11.9k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Reductions. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$169M
IMPORTS (2022)$11.9k
NET TRADE (2022)$169M

In 2022, Libya exported $169M in Iron Reductions. The main destinations of Libya exports on Iron Reductions were Italy ($41.5M), Egypt ($39.4M), Turkey ($27.1M), Germany ($17.9M), and Morocco ($15.8M).

In 2022, Libya imported $11.9k in Iron Reductions, mainly from Italy ($11.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Libya WERE (2021 - 2022):
Egypt$27M (219%)
Italy$20.6M (98.7%)
France$8.73M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Libya WERE (2021 - 2022):
Turkey-$9.24M (-25.4%)
Netherlands-$8.68M (-100%)
Germany-$4.47M (-20%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Libya's main exporting competitors in Iron Reductions were:
In 2022, Libya's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.11M
TOP IMPORT POTENTIALItaly+ $1.79k

Iron Reductions’s highest export potential is Germany. With an export gap of $5.11M.   Iron Reductions’s highest import potential is Italy with an import gap of $1.79k.

See methodology.

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