Libya (LBY) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Libya-Austria Trade: In 2022, Libya exported $674M to Austria. The main products that Libya exported to Austria were Crude Petroleum ($674M), Orthopedic Appliances ($243k), and Brochures ($5.85k). Over the past 5 years the exports of Libya to Austria have increased at an annualized rate of 274%, from $925k in 2017 to $674M in 2022.

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

Austria-Libya Trade: In 2022, Austria exported $50.1M to Libya. The main products that Austria exported to Libya were Flavored Water ($14.9M), Cheese ($12.1M), and Other Printed Material ($5.05M). Over the past 5 years the exports of Austria to Libya have increased at an annualized rate of 11.1%, from $29.6M in 2017 to $50.1M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $674M to Austria. The main products exported from Libya to Austria were Crude Petroleum ($674M), Orthopedic Appliances ($243k), and Brochures ($5.85k). During the last 5 years the exports of Libya to Austria have increased at an annualized rate of 274%, from $925k in 2017 to $674M in 2022.

In 2017, Austria exported $50.1M to Libya. The main products exported from Austria to Libya were Flavored Water ($14.9M), Cheese ($12.1M), and Other Printed Material ($5.05M). During the last 5 years the exports of Austria to Libya have increased at an annualized rate of 11.1%, from $29.6M in 2022 to $50.1M in 2017.

Exports from Libya () to Austria () (2022)

Exports from Austria () to Libya () (2022)

Latest Data

Trade between Libya () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Libya than Austria included Greece ($2.25B), Thailand ($1.67B), and United Arab Emirates ($1.63B).

In 2022, countries that imported more from Austria than Libya included Germany ($57.7B), United States ($14.4B), and Switzerland ($11.2B).

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

Comparative Advantage Libya - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Austria in the exports of Mineral Products ($674M), Instruments ($243k), and Paper Goods ($5.85k).

During 2017, Austria had a large net trade with Libya in the exports of Foodstuffs ($18.6M), Animal Products ($12.3M), and Paper Goods ($7.79M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Austria+$38.2kOrthopedic Appliances

Top Product Potential Austria Libya+$1.71MVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Austria () (2022)

Exports from Austria () to Libya () (2022)

Latest Data

Trade between Libya () and Austria ()

Austria Exports

Market Competitiveness

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

Comparative Advantage Libya - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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