Libya (LBY) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Libya-Colombia Trade: In 2023, Libya exported $13.9k to Colombia. The main products that Libya exported to Colombia were Transmissions ($11.6k), Wrenches ($866), and Garden Tools ($760). Over the past 6 years the exports of Libya to Colombia have increased at an annualized rate of 68.6%, from $603 in 2017 to $13.9k in 2023.

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

Colombia-Libya Trade: In 2023, Colombia exported $5.98M to Libya. The main products that Colombia exported to Libya were Frozen Bovine Meat ($4.01M), Coffee ($1.21M), and Confectionery Sugar ($361k). Over the past 6 years the exports of Colombia to Libya have increased at an annualized rate of 44.1%, from $961k in 2017 to $5.98M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $13.9k to Colombia. The main products exported from Libya to Colombia were Transmissions ($11.6k), Wrenches ($866), and Garden Tools ($760). During the last 6 years the exports of Libya to Colombia have increased at an annualized rate of 68.6%, from $603 in 2017 to $13.9k in 2023.

In 2018, Colombia exported $5.98M to Libya. The main products exported from Colombia to Libya were Frozen Bovine Meat ($4.01M), Coffee ($1.21M), and Confectionery Sugar ($361k). During the last 5 years the exports of Colombia to Libya have increased at an annualized rate of 44.1%, from $961k in 2023 to $5.98M in 2018.

Exports from Libya () to Colombia () (2023)

Exports from Colombia () to Libya () (2023)

Latest Data

Trade between Libya () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Libya than Colombia included Italy ($7.96B), Germany ($5.16B), and France ($2.64B).

In 2023, countries that imported more from Colombia than Libya included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

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

Comparative Advantage Libya - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Colombia in the exports of Machines ($11.6k), Metals ($1.91k), and Plastics and Rubbers ($337).

During 2018, Colombia had a large net trade with Libya in the exports of Animal Products ($4.01M), Vegetable Products ($1.32M), and Foodstuffs ($447k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Colombia+$6.14kCrude Petroleum

Top Product Potential Colombia Libya+$953kCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Colombia () (2023)

Exports from Colombia () to Libya () (2023)

Latest Data

Trade between Libya () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Libya - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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