Libya (LBY) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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In N/A, Libya did not export any services to Armenia.

Armenia-Libya Trade: In N/A, Armenia exported $412k to Libya. The main products that Armenia exported to Libya were Rolled Tobacco ($412k). Over the past N/A years the exports of Armenia to Libya have decreased at an annualized rate of 14.8%, from $917k in N/A to $412k in N/A.

In N/A, Armenia did not export any services to Libya.

Comparison: In 2022, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Libya does not register exports to Armenia.

In 2017, Armenia exported $412k to Libya. The main products exported from Armenia to Libya were Rolled Tobacco ($412k). During the last 5 years the exports of Armenia to Libya have decreased at an annualized rate of 14.8%, from $917k in 2022 to $412k in 2017.

Exports from Libya () to Armenia () (2022)

Exports from Armenia () to Libya () (2022)

Latest Data

Trade between Libya () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Libya than Armenia included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

In 2022, countries that imported more from Armenia than Libya included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

Difference in imports from Armenia () and Libya () (2022)

Comparative Advantage Libya - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Armenia had a large net trade with Libya in the exports of Foodstuffs ($412k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Armenia+$3.68kPetroleum Gas

Top Product Potential Armenia Libya+$593kRolled Tobacco

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 Armenia. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Libya.

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Armenia () (2022)

Exports from Armenia () to Libya () (2022)

Latest Data

Trade between Libya () and Armenia ()

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Libya () (2022)

Comparative Advantage Libya - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Armenia () (2022)

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