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Pricing

2022
Flag → Flag
Exports $412kRnk 69 / 129
2022
Flag → Flag
Top Product $412kRolled Tobacco
2022
Flag → Flag
Exports $1.21MRnk 98 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Armenia-Libya Trade: In 2022, Armenia exported $412k to Libya. The main products that Armenia exported to Libya were Rolled Tobacco ($412k). Over the past 6 years the exports of Armenia to Libya have decreased at an annualized rate of 11%, from $831k in 2016 to $412k in 2022.

In 2022, Armenia did not export any services to Libya.

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

In 2022, Libya did not export any services to Armenia.

Comparison: In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $412k to Libya. The main products exported from Armenia to Libya were Rolled Tobacco ($412k). During the last 6 years the exports of Armenia to Libya have decreased at an annualized rate of 11%, from $831k in 2016 to $412k in 2022.

Libya does not register exports to Armenia.

Exports from Armenia (Flag) to Libya (Flag) (2022)

Exports from Libya (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Libya (Flag)

Armenia Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Armenia than Libya included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

In 2022, countries that imported more from Libya than Armenia included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

Difference in imports from Libya (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Libya

Flow
Scale

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

During 2022, Armenia had a large net trade with Libya in the exports of Foodstuffs ($412k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Libya+$593kRolled Tobacco
Top Product Potential Libya Armenia+$3.68kPetroleum 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

This visualization shows the product space at the HS4 level with the flags of Armenia and Libya. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Armenia.

Product Space of Armenia (Flag) and Libya (Flag) (2022)

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