Overview: In 2018 Libya was the number 87 economy in the world in terms of GDP (current US$), the number 68 in total exports, the number 90 in total imports, and the number 113 most complex economy according to the Economic Complexity Index (ECI). In 2018, Libya exported $27.9B and imported $12.8B, resulting in a positive trade balance of $15B. In 2018, Libya's exports per capita were $4.17k and its imports per capita were $1.92k.
Trade: The top exports of Libya are Crude Petroleum ($24.2B), Petroleum Gas ($1.38B), Refined Petroleum ($1.01B), Gold ($805M), and Scrap Copper ($95.9M). The top imports of Libya are Refined Petroleum ($2.18B), Broadcasting Equipment ($837M), Cars ($533M), Rolled Tobacco ($343M), and Packaged Medicaments ($326M).
Destinations: Libya exports mostly to Italy ($4.57B), China ($4.17B), Germany ($3.71B), Spain ($3.65B), and France ($2.48B), and imports mostly from Turkey ($1.5B), United Arab Emirates ($1.44B), China ($1.43B), Italy ($1.42B), and Spain ($712M).
Location: Libya borders Algeria, Chad, Egypt, Niger, Sudan, and Tunisia by land and Greece, Italy, and Malta by sea.