Libya (LBY) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Libya-Azerbaijan Trade: In 2022, Libya exported $2.3k to Azerbaijan. The main products that Libya exported to Azerbaijan were Brooms ($2.3k). Over the past 9 years the exports of Libya to Azerbaijan have decreased at an annualized rate of 47.8%, from $799k in 2013 to $2.3k in 2022.

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

Azerbaijan-Libya Trade: In 2022, Azerbaijan exported $56.1M to Libya. The main products that Azerbaijan exported to Libya were Refined Petroleum ($56.1M), Hydraulic Brake Fluid ($1.94k), and Other Printed Material ($110). Over the past 9 years the exports of Azerbaijan to Libya have increased at an annualized rate of 351%, from $73 in 2013 to $56.1M in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $2.3k to Azerbaijan. The main products exported from Libya to Azerbaijan were Brooms ($2.3k). During the last 9 years the exports of Libya to Azerbaijan have decreased at an annualized rate of 47.8%, from $799k in 2013 to $2.3k in 2022.

In 2017, Azerbaijan exported $56.1M to Libya. The main products exported from Azerbaijan to Libya were Refined Petroleum ($56.1M), Hydraulic Brake Fluid ($1.94k), and Other Printed Material ($110). During the last 5 years the exports of Azerbaijan to Libya have increased at an annualized rate of 351%, from $73 in 2022 to $56.1M in 2017.

Exports from Libya () to Azerbaijan () (2022)

Exports from Azerbaijan () to Libya () (2022)

Latest Data

Trade between Libya () and Azerbaijan ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Libya than Azerbaijan included Germany ($3.32B), Spain ($3.48B), and China ($2.52B).

In 2022, countries that imported more from Azerbaijan than Libya included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Libya - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Azerbaijan in the exports of Miscellaneous ($2.3k).

During 2017, Azerbaijan had a large net trade with Libya in the exports of Mineral Products ($56.1M), Chemical Products ($1.94k), and Paper Goods ($110).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Azerbaijan+$5.86kCrude Petroleum

Top Product Potential Azerbaijan Libya+$2.39kEthylene Polymers

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Azerbaijan () (2022)

Exports from Azerbaijan () to Libya () (2022)

Latest Data

Trade between Libya () and Azerbaijan ()

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Libya - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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