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India-Libya Trade: In 2023, India exported $505M to Libya. The main products that India exported to Libya were Raw Sugar ($160M), Unglazed Ceramics ($58.1M), and Cars ($44.2M). Over the past 5 years the exports of India to Libya have increased at an annualized rate of 30.2%, from $135M in 2018 to $505M in 2023.

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

Libya-India Trade: In 2023, Libya exported $436M to India. The main products that Libya exported to India were Crude Petroleum ($359M), Iron Reductions ($18.6M), and Scrap Aluminium ($15.4M). Over the past 5 years the exports of Libya to India have increased at an annualized rate of 27.9%,  from $128M in 2018 to $436M in 2023.

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

Comparison In N/A,  India ranked 12 in total exports ($441B). That same year, Libya ranked 67 in total exports ($35.4B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $505M to Libya. The main products exported from India to Libya were Raw Sugar ($160M), Unglazed Ceramics ($58.1M), and Cars ($44.2M). During the last 5 years the exports of India to Libya have increased at an annualized rate of 30.2%, from $135M in 2018 to $505M in 2023.

In 2018, Libya exported $436M to India. The main products exported from Libya to India were Crude Petroleum ($359M), Iron Reductions ($18.6M), and Scrap Aluminium ($15.4M). During the last 5 years the exports of Libya to India have increased at an annualized rate of 27.9%, from $128M in 2023 to $436M in 2018.

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

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

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Libya
Top Destination
Italy$7.96B

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

In 2023, countries that imported more from India than Libya included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

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

Comparative Advantage India - Libya

Flow
Scale

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

During 2023, India had a large net trade with Libya in the exports of Foodstuffs ($172M), Stone And Glass ($86.5M), and Vegetable Products ($70.5M).

During 2018, Libya had a large net trade with India in the exports of Mineral Products ($360M), Metals ($63.6M), and Chemical Products ($11.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Libya+$15.3MCars
Top Product Potential Libya India+$653MCrude 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 India and Libya. This means that a dot/product with the flag of India indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over India.

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

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