Libya is the 73rd largest export economy in the world and the 104th most complex economy according to the Economic Complexity Index (ECI). In 2017, Libya exported $16.1B and imported $8.07B, resulting in a positive trade balance of $7.98B. In 2017 the GDP of Libya was $38.1B and its GDP per capita was $19.6k.

The top exports of Libya are Crude Petroleum ($14.1B), Petroleum Gas ($927M), Refined Petroleum ($535M), Scrap Copper ($83.2M) and Scrap Iron ($73.2M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.55B), Wheat ($238M), Cars ($209M), Packaged Medicaments ($187M) and Sheep and Goats ($181M).

The top export destinations of Libya are Italy ($2.9B), Germany ($2.57B), Spain ($2.27B), France ($1.44B) and the United States ($1.29B). The top import origins are Italy ($1.23B), China ($1.03B), Turkey ($879M), Spain ($610M) and Tunisia ($388M).

Libya borders Algeria, Egypt, Niger, Sudan, Chad and Tunisia by land and Greece, Italy and Malta by sea.