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GDP
$4.23TCURRENT US$
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-32.5%CURRENT US$
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$45.8BCURRENT US$
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-50.6%CURRENT US$
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$33,815CURRENT US$
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-31.2%CURRENT US$
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$6,716CURRENT US$
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About

Japan-Libya Trade: In 2022, Japan exported $43.3M to Libya. The main products that Japan exported to Libya were Delivery Trucks ($16.1M), Cars ($9.38M), and Rubber Tires ($5.21M). Over the past 5 years the exports of Japan to Libya have increased at an annualized rate of 25.9%, from $13.7M in 2017 to $43.3M in 2022.

In 2022, Japan did not export any services to Libya.

Libya-Japan Trade: In 2022, Libya exported $29.5M to Japan. The main products that Libya exported to Japan were N/A. Over the past 5 years the exports of Libya to Japan have increased at an annualized rate of 6.52%,  from $13M in 2017 to $29.5M in 2022.

In 2022, Libya did not export any services to Japan.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $43.3M to Libya. The main products exported from Japan to Libya were Delivery Trucks ($16.1M), Cars ($9.38M), and Rubber Tires ($5.21M). During the last 5 years the exports of Japan to Libya have increased at an annualized rate of 25.9%, from $13.7M in 2017 to $43.3M in 2022.

In 2016, Libya exported $29.5M to Japan. There were not main exports from Libya to Japan in 2016. During the last 5 years the exports of Libya to Japan have increased at an annualized rate of 6.52%, from $13M in 2021 to $29.5M in 2016.

Exports from Japan (Flag) to Libya (Flag) (2022)

Exports from Libya (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Libya
Top Destination
Italy$9.26B

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

In 2022, countries that imported more from Japan than Libya included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Libya than Japan included Italy ($9.26B), Greece ($2.25B), and Spain ($3.48B).

Difference in imports from Libya (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Libya

Flow
Scale

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

During 2022, Japan had a large net trade with Libya in the exports of Transportation ($26.5M), Machines ($8.5M), and Plastics and Rubbers ($5.59M).

During 2016, Libya had a large net trade with Japan in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Libya+$16.7MCars
Top Product Potential Libya Japan+$16.6kCrude 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 Japan and Libya. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Japan.

Product Space of Japan (Flag) and Libya (Flag) (2022)

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