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2023
Flag → Flag
Exports $321MRnk 78 / 220
2023
Flag → Flag
Top Product $43.6MRefined Petroleum
2023
Flag → Flag
Exports $3.08BRnk 3 / 89
2023
Flag → Flag
Top Product $2.91BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 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

Spain-Libya Trade: In 2023, Spain exported $321M to Libya. The main products that Spain exported to Libya were Refined Petroleum ($43.6M), Bovine ($29.1M), and Tractors ($29M). Over the past 5 years the exports of Spain to Libya have decreased at an annualized rate of 14.2%, from $691M in 2018 to $321M in 2023.

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

Libya-Spain Trade: In 2023, Libya exported $3.08B to Spain. The main products that Libya exported to Spain were Crude Petroleum ($2.91B), Refined Petroleum ($127M), and Ammonia ($30.4M). Over the past 5 years the exports of Libya to Spain have decreased at an annualized rate of 0.034%,  from $3.09B in 2018 to $3.08B in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €35M and imported €143M from Libya, resulting in a negative trade balance of €108M. Between November 2023 and November 2024 the exports of Spain have increased by €10.5M (43.1%) from €24.5M to €35M, while imports decreased by €-121M (-45.9%) from €264M to €143M.

Trade In November 2024, the top exports of Spain to Libya were Refined Petroleum (€2.39M), Unglazed Ceramics (€1.54M), Industrial Food Preperation Machinery (€1.39M), Bovine (€1.08M), and Other Heating Machinery (€898k). In November 2024 the top imports of Spain from Libya were Crude Petroleum (€191M), Refined Petroleum (€36.9M), Ammonia (€23.6M), Tropical Fruits (€22.7k), and Commodities not elsewhere specified (€28.6).

Origins In November 2024 the exports of Spain were mainly from Madrid (€9.8M), Barcelona (€8.6M), Sevilla (€3.71M), Valencia (€3.02M), and Castellón (€3.01M), while imports destinations were mainly Vizcaya (€110M), Cádiz (€16.9M), Murcia (€15.5M), and Álava (€88k).

Growth In November 2024, the increase in Spain's year-by-year exports to Libya was explained primarily by an increase in product exports in Beauty Products (€489k or 743%), Packaged Medicaments (€479k or 1.57k%), and Dental Products (€443k or 1.18k%). In November 2024, the decrease in Spain's year-by-year imports  from Libya was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€10.5M(43.1%)
IMPORT GROWTH (November 2023 - November 2024)€-121M(-45.9%)
MAIN EXPORTER (November 2024)Madrid€9.8M

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

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

For full datasets download visit Bulk Download page.

Explore Libya and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $321M to Libya. The main products exported from Spain to Libya were Refined Petroleum ($43.6M), Bovine ($29.1M), and Tractors ($29M). During the last 5 years the exports of Spain to Libya have decreased at an annualized rate of 14.2%, from $691M in 2018 to $321M in 2023.

In 2018, Libya exported $3.08B to Spain. The main products exported from Libya to Spain were Crude Petroleum ($2.91B), Refined Petroleum ($127M), and Ammonia ($30.4M). During the last 5 years the exports of Libya to Spain have decreased at an annualized rate of 0.034%, from $3.09B in 2023 to $3.08B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Spain than Libya included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

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

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

Comparative Advantage Spain - Libya

Flow
Scale

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

During 2023, Spain had a large net trade with Libya in the exports of Animal Products ($66.6M), Mineral Products ($47.5M), and Chemical Products ($45.7M).

During 2018, Libya had a large net trade with Spain in the exports of Mineral Products ($3.03B), Chemical Products ($32.5M), and Metals ($17.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Libya+$44.9MRefined Petroleum
Top Product Potential Libya Spain+$67.5MRefined 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 Spain and Libya. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Spain.

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

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