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2023
Flag → Flag
Exports $505MRnk 94 / 220
2023
Flag → Flag
Top Product $160MRaw Sugar
2023
Flag → Flag
Exports $436MRnk 15 / 89
2023
Flag → Flag
Top Product $359MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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 $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 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

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 4.84%,  from $128M in 2018 to $436M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $31.7M and imported $89.4M from Libya, resulting in a negative trade balance of $57.7M. Between November 2023 and November 2024 the exports of India have increased by $2.06M (6.97%) from $29.6M to $31.7M, while imports increased by $67.2M (303%) from $22.2M to $89.4M.

Trade In November 2024, the top exports of India to Libya were Sugar ($24.9M), Ceramics And Allied Products ($5.34M), Motor Vehicle/Cars ($2.97M), Coffee ($2.2M), and Granit, Natrl Stone And Prodct ($2.19M). In November 2024 the top imports of India from Libya were Petroleum: Crude ($88.5M), Iron And Steel ($654k), Aluminium, Products Of Aluminm ($495k), Lead And Products Made Of Led ($378k), and Other Commodities ($313k).

Growth In November 2024, the increase in India's year-by-year exports to Libya was explained primarily by an increase in product exports in Motor Vehicle/Cars ($2.35M or 380%), Coffee ($2M or 993%), and Ceramics And Allied Products ($1.62M or 43.6%). In November 2024, the increase in India's year-by-year imports  from Libya was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$2.06M(6.97%)
IMPORT GROWTH (November 2023 - November 2024)$67.2M(303%)

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

To check Libya and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Libya and India Data

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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 4.84%, 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 DestinationUnited States$85.5B
Libya
Top DestinationItaly$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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