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Pricing

2023
Flag → Flag
Exports $195MRnk 91 / 223
2023
Flag → Flag
Top Product $36.8MDocuments of title (bonds etc) and unused stamps
2023
Flag → Flag
Exports $1.59BRnk 8 / 89
2023
Flag → Flag
Top Product $1.53BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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 $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 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

United Kingdom-Libya Trade: In 2023, United Kingdom exported $195M to Libya. The main products that United Kingdom exported to Libya were Documents of title (bonds etc) and unused stamps ($36.8M), Packaged Medicaments ($13.1M), and Cheese ($9.41M). Over the past 5 years the exports of United Kingdom to Libya have increased at an annualized rate of 2.82%, from $170M in 2018 to $195M in 2023.

In 2023, United Kingdom did not export any services to Libya.

Libya-United Kingdom Trade: In 2023, Libya exported $1.59B to United Kingdom. The main products that Libya exported to United Kingdom were Crude Petroleum ($1.53B), Refined Petroleum ($47.9M), and Iron Ore ($5.21M). Over the past 5 years the exports of Libya to United Kingdom have increased at an annualized rate of 14%,  from $826M in 2018 to $1.59B in 2023.

In 2023, Libya did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £21.1M and imported £166M from Libya, resulting in a negative trade balance of £145M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £8.27M (64.6%) from £12.8M to £21.1M, while imports increased by £2.7M (1.65%) from £163M to £166M.

Trade In November 2024, the top exports of United Kingdom to Libya were Insulated Wire (£1.74M), Packaged Medicaments (£1.04M), Chocolate (£952k), Electric Motors (£414k), and Other Edible Preparations (£413k). In November 2024 the top imports of United Kingdom from Libya were Crude Petroleum (£39.5M), Trailers and semi-trailers, not mechanically propelled... (£120k), Other Printed Material (£7.53k), Commodities not elsewhere specified (£5.24k), and Gas and Liquid Flow Measuring Instruments (£2.56k).

Origins In November 2024 the exports of United Kingdom were mainly from Felixstowe (£15.5M), Dover Eurotunnel (£1.5M), Grangemouth (£1.39M), London Heathrow Airport (£703k), and Southampton (£385k), while imports destinations were mainly Milford (£132M), Grangemouth (£33.7M), Felixstowe (£49.1k), Southampton (£20.2k), and London Heathrow Airport (£13.4k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Libya was explained primarily by an increase in product exports in Insulated Wire (£1.73M or 12.3k%), Packaged Medicaments (£626k or 152%), and Other Edible Preparations (£376k or 1.04k%). In November 2024, the increase in United Kingdom'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 (November 2023 - November 2024)£8.27M(64.6%)
IMPORT GROWTH (November 2023 - November 2024)£2.7M(1.65%)
MAIN EXPORTER (November 2024)Felixstowe£15.5M

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

To check Libya and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Libya and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $195M to Libya. The main products exported from United Kingdom to Libya were Documents of title (bonds etc) and unused stamps ($36.8M), Packaged Medicaments ($13.1M), and Cheese ($9.41M). During the last 5 years the exports of United Kingdom to Libya have increased at an annualized rate of 2.82%, from $170M in 2018 to $195M in 2023.

In 2018, Libya exported $1.59B to United Kingdom. The main products exported from Libya to United Kingdom were Crude Petroleum ($1.53B), Refined Petroleum ($47.9M), and Iron Ore ($5.21M). During the last 5 years the exports of Libya to United Kingdom have increased at an annualized rate of 14%, from $826M in 2023 to $1.59B in 2018.

Exports from United Kingdom (Flag) to Libya (Flag) (2023)

Exports from Libya (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from United Kingdom than Libya included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, countries that imported more from Libya than United Kingdom included Greece ($2.2B).

Difference in imports from Libya (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Libya

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Libya in the exports of Machines ($44.4M), Paper Goods ($38.2M), and Chemical Products ($37.5M).

During 2018, Libya had a large net trade with United Kingdom in the exports of Mineral Products ($1.59B), Machines ($360k), and Textiles ($274k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Libya+$12.5MPackaged Medicaments
Top Product Potential Libya United Kingdom+$329MCrude 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 United Kingdom and Libya. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Libya (Flag) (2023)

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