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

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Libya-Colombia Trade: In 2022, Libya exported $337 to Colombia. The main products that Libya exported to Colombia were Silicone ($337). Over the past 6 years the exports of Libya to Colombia have decreased at an annualized rate of 9.9%, from $630 in 2016 to $337 in 2022.

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

Colombia-Libya Trade: In 2022, Colombia exported $9.9M to Libya. The main products that Colombia exported to Libya were Frozen Bovine Meat ($9.04M), Coffee ($529k), and Confectionery Sugar ($250k). Over the past 6 years the exports of Colombia to Libya have increased at an annualized rate of 25.3%, from $2.04M in 2016 to $9.9M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $337 to Colombia. The main products exported from Libya to Colombia were Silicone ($337). During the last 6 years the exports of Libya to Colombia have decreased at an annualized rate of 9.9%, from $630 in 2016 to $337 in 2022.

In 2017, Colombia exported $9.9M to Libya. The main products exported from Colombia to Libya were Frozen Bovine Meat ($9.04M), Coffee ($529k), and Confectionery Sugar ($250k). During the last 5 years the exports of Colombia to Libya have increased at an annualized rate of 25.3%, from $2.04M in 2022 to $9.9M in 2017.

Exports from Libya () to Colombia () (2022)

Exports from Colombia () to Libya () (2022)

Latest Data

Trade between Libya () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Colombia
Top DestinationUnited States$15.6B

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 2022, countries that imported more from Libya than Colombia included Italy ($9.26B), Greece ($2.25B), and Germany ($3.32B).

In 2022, countries that imported more from Colombia than Libya included United States ($15.6B), Panama ($5.84B), and Brazil ($2.39B).

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

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 2022, Libya had a large net trade with Colombia in the exports of Plastics and Rubbers ($337).

During 2017, Colombia had a large net trade with Libya in the exports of Animal Products ($9.04M), Vegetable Products ($529k), and Foodstuffs ($261k).

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.

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Colombia () (2022)

Exports from Colombia () to Libya () (2022)

Latest Data

Trade between Libya () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Libya - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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