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2023
Flag → Flag
Exports $53.9kRnk 120 / 157
2023
Flag → Flag
Top Product $53.9kRefined Petroleum
2023
Flag → Flag
Exports $500kRnk 65 / 0
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 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 $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 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

Iceland-Libya Trade: In 2023, Iceland exported $53.9k to Libya. The main products that Iceland exported to Libya were Refined Petroleum ($53.9k). Over the past 12 years the exports of Iceland to Libya have decreased at an annualized rate of 1.22%, from $62.5k in 2011 to $53.9k in 2023.

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

Libya-Iceland In N/A, Libya did not export any products to Iceland.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $53.9k to Libya. The main products exported from Iceland to Libya were Refined Petroleum ($53.9k). During the last 12 years the exports of Iceland to Libya have decreased at an annualized rate of 1.22%, from $62.5k in 2011 to $53.9k in 2023.

Libya does not register exports to Iceland.

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

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

Latest Data

Trade between Iceland (Flag) and Libya (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Iceland than Libya included Netherlands ($1.97B), Norway ($444M), and Poland ($298M).

In 2023, countries that imported more from Libya than Iceland included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

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

Comparative Advantage Iceland - Libya

Flow
Scale

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

During 2023, Iceland had a large net trade with Libya in the exports of Mineral Products ($53.9k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Libya. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Iceland.

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

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