Libya (LBY) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Libya-Angola Trade: In 2023, Libya exported $427k to Angola. The main products that Libya exported to Angola were Packaged Medicaments ($167k), Industrial Fatty Acids, Oils and Alcohols ($158k), and Other Coloring Matter ($43.2k). Over the past 10 years the exports of Libya to Angola have increased at an annualized rate of 17.4%, from $85.9k in 2013 to $427k in 2023.

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

Angola-Libya Trade: In 2023, Angola exported $3.32k to Libya. The main products that Angola exported to Libya were Interchangeable Tool Parts ($3.32k). Over the past 10 years the exports of Angola to Libya have decreased at an annualized rate of 34.5%, from $42.1k in 2013 to $3.32k in 2023.

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

Comparison: In 2023, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B). That same year, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $427k to Angola. The main products exported from Libya to Angola were Packaged Medicaments ($167k), Industrial Fatty Acids, Oils and Alcohols ($158k), and Other Coloring Matter ($43.2k). During the last 10 years the exports of Libya to Angola have increased at an annualized rate of 17.4%, from $85.9k in 2013 to $427k in 2023.

In 2018, Angola exported $3.32k to Libya. The main products exported from Angola to Libya were Interchangeable Tool Parts ($3.32k). During the last 5 years the exports of Angola to Libya have decreased at an annualized rate of 34.5%, from $42.1k in 2023 to $3.32k in 2018.

Exports from Libya () to Angola () (2023)

Exports from Angola () to Libya () (2023)

Latest Data

Trade between Libya () and Angola ()

Angola Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Angola
Top DestinationChina$17.1B

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

In 2023, countries that imported more from Libya than Angola included Italy ($7.96B), Germany ($5.16B), and Greece ($2.2B).

In 2023, countries that imported more from Angola than Libya included China ($17.1B), India ($3.87B), and Republic of the Congo ($1.24B).

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

Comparative Advantage Libya - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Angola in the exports of Chemical Products ($425k) and Machines ($2.39k).

During 2018, Angola had a large net trade with Libya in the exports of Metals ($3.32k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Angola+$3.8kRefined Petroleum

Top Product Potential Angola Libya+$4.84kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Angola () (2023)

Exports from Angola () to Libya () (2023)

Latest Data

Trade between Libya () and Angola ()

Angola Exports

Market Competitiveness

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

Comparative Advantage Libya - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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