Albania (ALB) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Albania-Libya Trade: In 2016, Albania exported $4.72M to Libya. The main products that Albania exported to Libya were N/A. Over the past 7 years the exports of Albania to Libya have decreased at an annualized rate of 5.44%, from $6.98M in 2009 to $4.72M in 2016.

In 2016, Albania did not export any services to Libya.

Libya-Albania In N/A, Libya did not export any products to Albania.

In 2016, Libya did not export any services to Albania.

Comparison: In 2023, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). 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 2016, Albania exported $4.72M to Libya. There were not main exports from Albania to Libya in 2016. During the last 7 years the exports of Albania to Libya have decreased at an annualized rate of 5.44%, from $6.98M in 2009 to $4.72M in 2016.

Libya does not register exports to Albania. The main products exported from Libya to Albania were Raw Iron Bars ($39.2M) and Petroleum Gas ($7.06M).

Exports from Albania () to Libya () (2023)

Exports from Libya () to Albania () (2023)

Latest Data

Trade between Albania () and Libya ()

Albania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.72B

Libya
Top DestinationItaly$7.96B

This map shows whether countries import more from Albania or Libya. Each country is colored based on the difference in imports they receive from Albania and Libya or the difference in the growth in imports.

In 2023, countries that imported more from Albania than Libya included North Macedonia ($134M), Montenegro ($82.3M), and Czechia ($69.8M).

In 2023, countries that imported more from Libya than Albania included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

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

Comparative Advantage Albania - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Albania and Libya by product, considering products traded by both, Albania and Libya.

During 2016, Albania had a large net trade with Libya in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Libya+$3.05kRefined Petroleum

Top Product Potential Libya Albania+$3.02kPetroleum Gas

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 Albania and Libya. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Albania.

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Historical Data

Bilateral Trade by Products

Exports from Albania () to Libya () (2023)

Exports from Libya () to Albania () (2023)

Latest Data

Trade between Albania () and Libya ()

Albania Exports

Market Competitiveness

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

Comparative Advantage Albania - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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