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Pricing

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Flag → Flag
Top Product $13.5MRefined Petroleum
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Flag → Flag
Exports $1.21MRnk 64 / 133
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Flag → Flag
Top Product $954kRolled Tobacco
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $6,173CURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP PC GROWTH-48.4%CURRENT US$
Rnk 193 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

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

Armenia-Libya Trade: In N/A, Armenia exported $1.21M to Libya. The main products that Armenia exported to Libya were Rolled Tobacco ($954k) and Processed Tobacco ($255k). Over the past N/A years the exports of Armenia to Libya have increased at an annualized rate of 3.04%,  from $1.04M in N/A to $1.21M in N/A.

In N/A, Armenia 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, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Latest Data

Trade between Libya (Flag) and Armenia (Flag)

Armenia Exports

Market Competitiveness

Color
Libya
Top DestinationItaly$7.96B
Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Armenia than Libya included Russia ($3.38B), Hong Kong ($669M), and United Arab Emirates ($2.25B).

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

Potential Exports

Potential Exports

Depth
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Sort By
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

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.

Product Space of Libya (Flag) and Armenia (Flag) (NaN)

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