Libya (LBY) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Libya-Bolivia Trade: In 2023, Libya exported $305 to Bolivia. The main products that Libya exported to Bolivia were Broadcasting Equipment ($305). Over the past 8 years the exports of Libya to Bolivia have increased at an annualized rate of 28.9%, from $40 in 2015 to $305 in 2023.

In 2023, Libya did not export any services to Bolivia.

Bolivia-Libya Trade: In 2023, Bolivia exported $447k to Libya. The main products that Bolivia exported to Libya were Coconuts, Brazil Nuts, and Cashews ($214k), Stone Processing Machines ($196k), and Tanned Equine and Bovine Hides ($14.7k). Over the past 8 years the exports of Bolivia to Libya have increased at an annualized rate of 36.2%, from $95.4k in 2015 to $447k in 2023.

In 2023, Bolivia 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, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $305 to Bolivia. The main products exported from Libya to Bolivia were Broadcasting Equipment ($305). During the last 8 years the exports of Libya to Bolivia have increased at an annualized rate of 28.9%, from $40 in 2015 to $305 in 2023.

In 2018, Bolivia exported $447k to Libya. The main products exported from Bolivia to Libya were Coconuts, Brazil Nuts, and Cashews ($214k), Stone Processing Machines ($196k), and Tanned Equine and Bovine Hides ($14.7k). During the last 5 years the exports of Bolivia to Libya have increased at an annualized rate of 36.2%, from $95.4k in 2023 to $447k in 2018.

Exports from Libya () to Bolivia () (2023)

Exports from Bolivia () to Libya () (2023)

Latest Data

Trade between Libya () and Bolivia ()

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Bolivia
Top DestinationBrazil$1.54B

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

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

In 2023, countries that imported more from Bolivia than Libya included Brazil ($1.54B), Argentina ($1.15B), and India ($1.33B).

Difference in imports from Bolivia () and Libya () (2023)

Comparative Advantage Libya - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Bolivia in the exports of Machines ($305).

During 2018, Bolivia had a large net trade with Libya in the exports of Vegetable Products ($214k), Machines ($196k), and Animal Hides ($14.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Bolivia+$3.66kRefined Petroleum

Top Product Potential Bolivia Libya+$102kCoconuts, Brazil Nuts, and Cashews

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Bolivia () (2023)

Exports from Bolivia () to Libya () (2023)

Latest Data

Trade between Libya () and Bolivia ()

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Libya () (2023)

Comparative Advantage Libya - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Bolivia () (2023)

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