United Kingdom (GBR) and Libya (LBY) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Libya (LBY) Trade

2022

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Exports $145MRnk 94 / 224

2022

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About

United Kingdom-Libya In 2022, United Kingdom exported $145M to Libya. The main products that United Kingdom exported to Libya are Packaged Medicaments ($18M), Chocolate ($11.9M), and Unpackaged Medicaments ($5.94M). During the last 27 years the exports of United Kingdom to Libya have decreased at an annualized rate of 3.02%, from $332M in 1995 to $145M in 2022.

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

Libya-United Kingdom In 2022, Libya exported $1.4B to United Kingdom. The main products that Libya exported to United Kingdom were Crude Petroleum ($1.39B), Ammonia ($4.74M), and Aircraft Parts ($995k). During the last 27 years the exports of Libya to United Kingdom have increased at an annualized rate of 7.77%, from $186M in 1995 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 1.38), and 14 in total exports ($469B). That same year, Libya ranked 96 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £14.9M and imported £259M from Libya, resulting in a negative trade balance of £244M. Between January 2023 and January 2024 the exports of United Kingdom have increased by £2.74M (22.5%) from £12.2M to £14.9M, while imports increased by £219M (554%) from £39.6M to £259M.

Trade In January 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 January 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 January 2024 the exports of United Kingdom were mainly from Felixstowe (£4.41M), Harwich (£3.12M), Southampton (£1.84M), London Gateway (£1.5M), and Belfast (£1.43M), while imports destinations were mainly Southampton (£124M), Milford (£91.2M), Liverpool (£44.1M), and Felixstowe (£9.48k).

Growth In January 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 January 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£2.74M(22.5%)

IMPORT GROWTH (January 2023 - January 2024)£219M(554%)

MAIN EXPORTER (January 2024)Felixstowe£4.41M

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of United Kingdom to Libya have decreased at an annualized rate of 3.02%, from $332M in 1995 to $145M in 2022.

In 2022, Libya exported $1.4B to United Kingdom. The main products exported from Libya to United Kingdom were Crude Petroleum ($1.39B), Ammonia ($4.74M), and Aircraft Parts ($995k). During the last 27 years the exports of Libya to United Kingdom have increased at an annualized rate of 7.77%, from $186M in 1995 to $1.4B in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from United Kingdom than Libya were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Libya than United Kingdom were Greece ($2.25B).

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

Comparative Advantage United Kingdom - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Libya had a large net trade with United Kingdom in the exports of Mineral Products ($1.39B), Chemical Products ($4.75M), and Transportation ($1M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Libya. Similarly, the more yellow a dot/product is, the more Libya has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Libya () (2022)

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