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Pricing

2022
Flag → Flag
Exports $145MRnk 94 / 224
2022
Flag → Flag
Top Product $18MPackaged Medicaments
2022
Flag → Flag
Exports $1.4BRnk 11 / 79
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

United Kingdom-Libya Trade: In 2022, United Kingdom exported $145M to Libya. The main products that United Kingdom exported to Libya were Packaged Medicaments ($18M), Chocolate ($11.9M), and Unpackaged Medicaments ($5.94M). Over the past 5 years the exports of United Kingdom to Libya have decreased at an annualized rate of 9.62%, from $240M in 2017 to $145M in 2022.

In 2022, United Kingdom did not export any services to Libya.

Libya-United Kingdom Trade: In 2022, Libya exported $1.4B to United Kingdom. The main products that Libya exported to United Kingdom were N/A. Over the past 5 years the exports of Libya to United Kingdom have increased at an annualized rate of 2.3%,  from $1.25B in 2017 to $1.4B in 2022.

In 2022, Libya did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Latest Trends

July, 2024

About

Overview In July 2024, United Kingdom exported £13.2M and imported £156M from Libya, resulting in a negative trade balance of £142M. Between July 2023 and July 2024 the exports of United Kingdom have increased by £3.22M (32.4%) from £9.94M to £13.2M, while imports increased by £10.5M (7.26%) from £145M to £156M.

Trade In July 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 July 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 July 2024 the exports of United Kingdom were mainly from Felixstowe (£6.63M), Belfast (£2.13M), Grangemouth (£1.34M), Middlesbrough (£980k), and London Heathrow Airport (£828k), while imports destinations were mainly N/A.

Growth In July 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 July 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 (July 2023 - July 2024)£3.22M(32.4%)
IMPORT GROWTH (July 2023 - July 2024)£10.5M(7.26%)
MAIN EXPORTER (July 2024)Felixstowe£6.63M

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 2022, United Kingdom exported $145M to Libya. The main products exported from United Kingdom to Libya were Packaged Medicaments ($18M), Chocolate ($11.9M), and Unpackaged Medicaments ($5.94M). During the last 5 years the exports of United Kingdom to Libya have decreased at an annualized rate of 9.62%, from $240M in 2017 to $145M in 2022.

In 2017, Libya exported $1.4B to United Kingdom. There were not main exports from Libya to United Kingdom in 2017. During the last 5 years the exports of Libya to United Kingdom have increased at an annualized rate of 2.3%, from $1.25B in 2022 to $1.4B in 2017.

Exports from United Kingdom (Flag) to Libya (Flag) (2022)

Exports from Libya (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Libya
Top DestinationItaly$9.26B

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 2022, countries that imported more from United Kingdom than Libya included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Libya than United Kingdom included Greece ($2.25B).

Difference in imports from Libya (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Libya in the exports of Chemical Products ($39.3M), Machines ($35.1M), and Foodstuffs ($22M).

During 2017, Libya had a large net trade with United Kingdom in the exports of Mineral Products ($1.39B), Chemical Products ($4.75M), and Transportation ($1M).

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) (2022)

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