2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH
-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC
$6,173CURRENT US$
Rnk 112 / 196
2013-2023
Flag
GDP PC GROWTH
-48.4%CURRENT US$
Rnk 193 / 195

About

Germany-Libya Trade: In 2023, Germany exported $621M to Libya. The main products that Germany exported to Libya were Concentrated Milk ($51.4M), Gas Turbines ($47.4M), and Cars ($38.3M). Over the past 5 years the exports of Germany to Libya have increased at an annualized rate of 8.86%, from $406M in 2018 to $621M in 2023.

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

Libya-Germany Trade: In 2023, Libya exported $5.16B to Germany. The main products that Libya exported to Germany were Crude Petroleum ($5.07B), Refined Petroleum ($48.1M), and Iron Reductions ($36.4M). Over the past 5 years the exports of Libya to Germany have increased at an annualized rate of 85.7%,  from $234M in 2018 to $5.16B in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). 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
Value

In 2023, Germany exported $621M to Libya. The main products exported from Germany to Libya were Concentrated Milk ($51.4M), Gas Turbines ($47.4M), and Cars ($38.3M). During the last 5 years the exports of Germany to Libya have increased at an annualized rate of 8.86%, from $406M in 2018 to $621M in 2023.

In 2018, Libya exported $5.16B to Germany. The main products exported from Libya to Germany were Crude Petroleum ($5.07B), Refined Petroleum ($48.1M), and Iron Reductions ($36.4M). During the last 5 years the exports of Libya to Germany have increased at an annualized rate of 85.7%, from $234M in 2023 to $5.16B in 2018.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$157B
Libya
Top Destination
Italy$7.96B

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

In 2023, countries that imported more from Germany than Libya included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, no countries were registered that imported more from Libya than from Germany.

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

Comparative Advantage Germany - Libya

Flow
Scale

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

During 2023, Germany had a large net trade with Libya in the exports of Machines ($195M), Chemical Products ($80.2M), and Animal Products ($76.1M).

During 2018, Libya had a large net trade with Germany in the exports of Mineral Products ($5.13B), Metals ($36.4M), and Machines ($208k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Libya+$36.4MCars
Top Product Potential Libya Germany+$97.9MCrude 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 Germany and Libya. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Libya (Flag) (2023)

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