Libya (LBY) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Libya-Bangladesh Trade: In 2015, Libya exported $5 to Bangladesh. The main products that Libya exported to Bangladesh were N/A. Over the past 8 years the exports of Libya to Bangladesh have decreased at an annualized rate of 46.5%, from $744 in 2007 to $5 in 2015.

In 2015, Libya did not export any services to Bangladesh.

Bangladesh-Libya Trade: In 2015, Bangladesh exported $2.21M to Libya. The main products that Bangladesh exported to Libya were N/A. Over the past 8 years the exports of Bangladesh to Libya have decreased at an annualized rate of 9.64%, from $3.68M in 2007 to $2.21M in 2015.

In 2015, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2015, Libya exported $5 to Bangladesh. There were not main exports from Libya to Bangladesh in 2015. During the last 8 years the exports of Libya to Bangladesh have decreased at an annualized rate of 46.5%, from $744 in 2007 to $5 in 2015.

In 2010, Bangladesh exported $2.21M to Libya. There were not main exports from Bangladesh to Libya in 2010. During the last 5 years the exports of Bangladesh to Libya have decreased at an annualized rate of 9.64%, from $3.68M in 2015 to $2.21M in 2010.

Exports from Libya () to Bangladesh () (2015)

Exports from Bangladesh () to Libya () (2015)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Libya than Bangladesh included Italy ($9.26B), Greece ($2.25B), and Thailand ($1.67B).

In 2022, countries that imported more from Bangladesh than Libya included United States ($11.7B), Germany ($10.2B), and Poland ($3.53B).

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

Comparative Advantage Libya - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2015, Libya had a large net trade with Bangladesh in the exports of .

During 2010, Bangladesh had a large net trade with Libya in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Bangladesh+$5.83kRefined Petroleum

Top Product Potential Bangladesh Libya+$3.94kKnit Sweaters

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Bangladesh () (2015)

Exports from Bangladesh () to Libya () (2015)

Market Competitiveness

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

Comparative Advantage Libya - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Bangladesh () (2015)

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