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2022
Flag → Flag
Exports $429MRnk 69 / 218
2022
Flag → Flag
Top Product $158MRefined Petroleum
2022
Flag → Flag
Exports $3.48BRnk 2 / 79
2022
Flag → Flag
Top Product $3.35BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
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GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
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GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Spain-Libya Trade: In 2022, Spain exported $429M to Libya. The main products that Spain exported to Libya were Refined Petroleum ($158M), Bovine ($35M), and Unglazed Ceramics ($27.9M). Over the past 5 years the exports of Spain to Libya have decreased at an annualized rate of 6.36%, from $596M in 2017 to $429M in 2022.

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

Libya-Spain Trade: In 2022, Libya exported $3.48B to Spain. The main products that Libya exported to Spain were Crude Petroleum ($3.35B), Refined Petroleum ($110M), and Iron Reductions ($9.76M). Over the past 5 years the exports of Libya to Spain have increased at an annualized rate of 9.33%,  from $2.23B in 2017 to $3.48B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €28.7M and imported €248M from Libya, resulting in a negative trade balance of €219M. Between August 2023 and August 2024 the exports of Spain have increased by €9.6M (50.2%) from €19.1M to €28.7M, while imports increased by €90.4M (57.4%) from €157M to €248M.

Trade In August 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 August 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 August 2024 the exports of Spain were mainly from Barcelona (€9.9M), Madrid (€7.12M), Murcia (€3.56M), Castellón (€1.58M), and Valencia (€1.34M), while imports destinations were mainly Vizcaya (€74.4M), A Coruña (€66.7M), Madrid (€49.8M), Castellón (€47.7M), and Baleares (€8.03M).

Growth In August 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 August 2024, the increase in Spain's year-by-year imports  from Libya was explained primarily by an increase in product imports  in Crude Petroleum (€53M or 38.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€9.6M(50.2%)
IMPORT GROWTH (August 2023 - August 2024)€90.4M(57.4%)
MAIN EXPORTER (August 2024)Barcelona€9.9M

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 2022, Spain exported $429M to Libya. The main products exported from Spain to Libya were Refined Petroleum ($158M), Bovine ($35M), and Unglazed Ceramics ($27.9M). During the last 5 years the exports of Spain to Libya have decreased at an annualized rate of 6.36%, from $596M in 2017 to $429M in 2022.

In 2017, Libya exported $3.48B to Spain. The main products exported from Libya to Spain were Crude Petroleum ($3.35B), Refined Petroleum ($110M), and Iron Reductions ($9.76M). During the last 5 years the exports of Libya to Spain have increased at an annualized rate of 9.33%, from $2.23B in 2022 to $3.48B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Libya
Top DestinationItaly$9.26B

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 2022, countries that imported more from Spain than Libya included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Libya than Spain included Thailand ($1.67B).

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

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 2022, Spain had a large net trade with Libya in the exports of Mineral Products ($160M), Animal Products ($51.8M), and Chemical Products ($38.7M).

During 2017, Libya had a large net trade with Spain in the exports of Mineral Products ($3.46B), Metals ($13.3M), and Chemical Products ($2.99M).

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) (2022)

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