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Pricing

2022
Flag → Flag
Exports $1.28BRnk 42 / 222
2022
Flag → Flag
Top Product $1.11BRefined Petroleum
2022
Flag → Flag
Exports $13.7MRnk 34 / 79
2022
Flag → Flag
Top Product $9.35MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
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GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 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

Belgium-Libya Trade: In 2022, Belgium exported $1.28B to Libya. The main products that Belgium exported to Libya were Refined Petroleum ($1.11B), Cars ($44.9M), and Eggs ($21.1M). Over the past 5 years the exports of Belgium to Libya have increased at an annualized rate of 61.5%, from $117M in 2017 to $1.28B in 2022.

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

Libya-Belgium Trade: In 2022, Libya exported $13.7M to Belgium. The main products that Libya exported to Belgium were Refined Petroleum ($9.35M), Iron Reductions ($4.15M), and Scrap Copper ($79.6k). Over the past 5 years the exports of Libya to Belgium have increased at an annualized rate of 18.4%,  from $5.89M in 2017 to $13.7M in 2022.

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

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €13.7M and imported €25.8M from Libya, resulting in a negative trade balance of €12.1M. Between July 2023 and July 2024 the exports of Belgium have decreased by €-18.7M (-57.7%) from €32.4M to €13.7M, while imports increased by €23.6M (1.08k%) from €2.18M to €25.8M.

Trade In July 2024, the top exports of Belgium to Libya were Mineral fuels, mineral oils and products... (€87.1M), Cars, tractors, trucks & parts thereof. (€2.31M), Edible products of animal origin, n.e.s. (€1.08M), Preparations of vegetables, fruit, nuts or... (€935k), and Optical, photo, & film equipment; medical... (€883k). In July 2024 the top imports of Belgium from Libya were Mineral fuels, mineral oils and products... (€1.08M).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Libya was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-50.4M or -36.7%), Edible products of animal origin, n.e.s. (€-1.09M or -50.1%), and Miscellaneous edible preparations (€-744k or -99.9%). In July 2024, the increase in Belgium's year-by-year imports  from Libya was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-18.7M(-57.7%)
IMPORT GROWTH (July 2023 - July 2024)€23.6M(1.08k%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Libya and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Libya and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1.28B to Libya. The main products exported from Belgium to Libya were Refined Petroleum ($1.11B), Cars ($44.9M), and Eggs ($21.1M). During the last 5 years the exports of Belgium to Libya have increased at an annualized rate of 61.5%, from $117M in 2017 to $1.28B in 2022.

In 2017, Libya exported $13.7M to Belgium. The main products exported from Libya to Belgium were Refined Petroleum ($9.35M), Iron Reductions ($4.15M), and Scrap Copper ($79.6k). During the last 5 years the exports of Libya to Belgium have increased at an annualized rate of 18.4%, from $5.89M in 2022 to $13.7M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Belgium than Libya included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Libya than Belgium included Thailand ($1.67B) and Greece ($2.25B).

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

Comparative Advantage Belgium - Libya

Flow
Scale

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

During 2022, Belgium had a large net trade with Libya in the exports of Mineral Products ($1.12B), Transportation ($47.7M), and Foodstuffs ($28.2M).

During 2017, Libya had a large net trade with Belgium in the exports of Mineral Products ($9.35M), Metals ($4.29M), and Machines ($43.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Libya+$14.4MCars
Top Product Potential Libya Belgium+$12.9MRefined Petroleum

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

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

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