Kuwait (KWT) and Libya (LBY) Trade | The Observatory of Economic Complexity

About

Kuwait-Libya Trade: In 2023, Kuwait exported $3.32M to Libya. The main products that Kuwait exported to Libya were Large Construction Vehicles ($1.32M), Insulated Wire ($571k), and Honey ($272k). Over the past 5 years the exports of Kuwait to Libya have increased at an annualized rate of 9.32%, from $2.13M in 2018 to $3.32M in 2023.

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

Libya-Kuwait Trade: In 2023, Libya exported $108k to Kuwait. The main products that Libya exported to Kuwait were Honey ($107k), Valves ($348), and Perfumes ($179). Over the past 5 years the exports of Libya to Kuwait have increased at an annualized rate of 9.46%, from $68.6k in 2018 to $108k in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $3.32M to Libya. The main products exported from Kuwait to Libya were Large Construction Vehicles ($1.32M), Insulated Wire ($571k), and Honey ($272k). During the last 5 years the exports of Kuwait to Libya have increased at an annualized rate of 9.32%, from $2.13M in 2018 to $3.32M in 2023.

In 2018, Libya exported $108k to Kuwait. The main products exported from Libya to Kuwait were Honey ($107k), Valves ($348), and Perfumes ($179). During the last 5 years the exports of Libya to Kuwait have increased at an annualized rate of 9.46%, from $68.6k in 2023 to $108k in 2018.

Exports from Kuwait () to Libya () (2023)

Exports from Libya () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Libya ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Kuwait than Libya included China ($17.4B), Japan ($9.13B), and India ($9.51B).

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

Difference in imports from Libya () and Kuwait () (2023)

Comparative Advantage Kuwait - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Libya in the exports of Machines ($2.05M), Transportation ($483k), and Animal Products ($272k).

During 2018, Libya had a large net trade with Kuwait in the exports of Animal Products ($107k), Machines ($348), and Chemical Products ($179).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Libya+$1.73MRefined Petroleum

Top Product Potential Libya Kuwait+$5.26kPetroleum Gas

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Libya () (2023)

Exports from Libya () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Libya ()

Kuwait Exports

Market Competitiveness

Difference in imports from Libya () and Kuwait () (2023)

Comparative Advantage Kuwait - Libya

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Libya () (2023)

Keep Exploring