Libya (LBY) and China (CHN) Trade | The Observatory of Economic Complexity

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Libya-China Trade: In 2023, Libya exported $2.2B to China. The main products that Libya exported to China were Crude Petroleum ($2.2B), Scrap Copper ($1.26M), and Raw Aluminium ($782k). Over the past 5 years the exports of Libya to China have decreased at an annualized rate of 14.8%, from $4.89B in 2018 to $2.2B in 2023.

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

China-Libya Trade: In 2023, China exported $3.9B to Libya. The main products that China exported to Libya were Rubber Tires ($191M), Air Conditioners ($180M), and Light Fixtures ($143M). Over the past 5 years the exports of China to Libya have increased at an annualized rate of 22.3%, from $1.42B in 2018 to $3.9B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $2.2B to China. The main products exported from Libya to China were Crude Petroleum ($2.2B), Scrap Copper ($1.26M), and Raw Aluminium ($782k). During the last 5 years the exports of Libya to China have decreased at an annualized rate of 14.8%, from $4.89B in 2018 to $2.2B in 2023.

In 2018, China exported $3.9B to Libya. The main products exported from China to Libya were Rubber Tires ($191M), Air Conditioners ($180M), and Light Fixtures ($143M). During the last 5 years the exports of China to Libya have increased at an annualized rate of 22.3%, from $1.42B in 2023 to $3.9B in 2018.

Exports from Libya () to China () (2023)

Exports from China () to Libya () (2023)

Latest Data

Trade between Libya () and China ()

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

China
Top DestinationUnited States$436B

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

In 2023, no countries were registered that imported more from Libya than from China.

In 2023, countries that imported more from China than Libya included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Libya - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with China in the exports of Mineral Products ($2.2B), Metals ($2.06M), and Precious Metals ($69.4k).

During 2018, China had a large net trade with Libya in the exports of Machines ($1.16B), Textiles ($487M), and Metals ($465M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya China+$1.44BCrude Petroleum

Top Product Potential China Libya+$69.6MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to China () (2023)

Exports from China () to Libya () (2023)

Latest Data

Trade between Libya () and China ()

China Exports

Market Competitiveness

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

Comparative Advantage Libya - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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