Armenia (ARM) and Libya (LBY) Trade | The Observatory of Economic Complexity

About

Armenia-Libya Trade: In 2023, Armenia exported $1.21M to Libya. The main products that Armenia exported to Libya were Rolled Tobacco ($954k) and Processed Tobacco ($255k). Over the past 6 years the exports of Armenia to Libya have increased at an annualized rate of 4.71%, from $917k in 2017 to $1.21M in 2023.

In 2023, Armenia did not export any services to Libya.

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

In 2023, Libya did not export any services to Armenia.

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). 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 2023, Armenia exported $1.21M to Libya. The main products exported from Armenia to Libya were Rolled Tobacco ($954k) and Processed Tobacco ($255k). During the last 6 years the exports of Armenia to Libya have increased at an annualized rate of 4.71%, from $917k in 2017 to $1.21M in 2023.

Libya does not register exports to Armenia. The main products exported from Libya to Armenia were Refined Petroleum ($13.5M).

Exports from Armenia () to Libya () (2023)

Exports from Libya () to Armenia () (2023)

Latest Data

Trade between Armenia () and Libya ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Libya
Top DestinationItaly$7.96B

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 2023, countries that imported more from Armenia than Libya included Russia ($3.38B), Hong Kong ($669M), and United Arab Emirates ($2.25B).

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

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

Comparative Advantage Armenia - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Libya in the exports of Foodstuffs ($1.21M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Libya () (2023)

Exports from Libya () to Armenia () (2023)

Latest Data

Trade between Armenia () and Libya ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Armenia - Libya

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring