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2023
Flag → Flag
Exports $399MRnk 68 / 220
2023
Flag → Flag
Top Product $250MRefined Petroleum
2023
Flag → Flag
Exports $32MRnk 29 / 89
2023
Flag → Flag
Top Product $23MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
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GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
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GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$6,173CURRENT US$
Rnk 112 / 196
2013-2023
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GDP PC GROWTH-48.4%CURRENT US$
Rnk 193 / 195

About

Belgium-Libya Trade: In 2023, Belgium exported $399M to Libya. The main products that Belgium exported to Libya were Refined Petroleum ($250M), Vaccines, blood, antisera, toxins and cultures ($21.1M), and Cars ($17M). Over the past 5 years the exports of Belgium to Libya have increased at an annualized rate of 11.7%, from $229M in 2018 to $399M in 2023.

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

Libya-Belgium Trade: In 2023, Libya exported $32M to Belgium. The main products that Libya exported to Belgium were Refined Petroleum ($23M), Iron Reductions ($6.47M), and Ammonia ($2.36M). Over the past 5 years the exports of Libya to Belgium have increased at an annualized rate of 1.97%,  from $27.9M in 2018 to $32M in 2023.

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

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €56M and imported €5.65M from Libya, resulting in a positive trade balance of €50.3M. Between October 2023 and October 2024 the exports of Belgium have increased by €10.5M (23%) from €45.5M to €56M, while imports increased by €4.63M (456%) from €1.02M to €5.65M.

Trade In October 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 October 2024 the top imports of Belgium from Libya were Mineral fuels, mineral oils and products... (€1.08M).

Growth In October 2024, the increase in Belgium's year-by-year exports to Libya was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€1.1M or 91.6%), Optical, photo, & film equipment; medical... (€698k or 377%), and Preparations of vegetables, fruit, nuts or... (€448k or 91.9%). In October 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 (October 2023 - October 2024)€10.5M(23%)
IMPORT GROWTH (October 2023 - October 2024)€4.63M(456%)

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 2023, Belgium exported $399M to Libya. The main products exported from Belgium to Libya were Refined Petroleum ($250M), Vaccines, blood, antisera, toxins and cultures ($21.1M), and Cars ($17M). During the last 5 years the exports of Belgium to Libya have increased at an annualized rate of 11.7%, from $229M in 2018 to $399M in 2023.

In 2018, Libya exported $32M to Belgium. The main products exported from Libya to Belgium were Refined Petroleum ($23M), Iron Reductions ($6.47M), and Ammonia ($2.36M). During the last 5 years the exports of Libya to Belgium have increased at an annualized rate of 1.97%, from $27.9M in 2023 to $32M in 2018.

Exports from Belgium (Flag) to Libya (Flag) (2023)

Exports from Libya (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Libya
Top DestinationItaly$7.96B

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 2023, countries that imported more from Belgium than Libya included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Libya than Belgium included Thailand ($1.26B).

Difference in imports from Libya (Flag) and Belgium (Flag) (2023)

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 2023, Belgium had a large net trade with Libya in the exports of Mineral Products ($250M), Chemical Products ($39.7M), and Foodstuffs ($33M).

During 2018, Libya had a large net trade with Belgium in the exports of Mineral Products ($23M), Metals ($6.47M), and Chemical Products ($2.36M).

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) (2023)

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