Libya (LBY) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Libya-Cyprus Trade: In 2022, Libya exported $1.88M to Cyprus. The main products that Libya exported to Cyprus were Petroleum Gas ($1.88M), Engine Parts ($1.05k), and Other toys ($458). Over the past 5 years the exports of Libya to Cyprus have decreased at an annualized rate of 19.2%, from $5.45M in 2017 to $1.88M in 2022.

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

Cyprus-Libya Trade: In 2022, Cyprus exported $133M to Libya. The main products that Cyprus exported to Libya were Scented Mixtures ($111M), Refined Petroleum ($17.1M), and Packaged Medicaments ($1.45M). Over the past 5 years the exports of Cyprus to Libya have decreased at an annualized rate of 14.2%, from $286M in 2017 to $133M in 2022.

In 2022, Cyprus 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, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $1.88M to Cyprus. The main products exported from Libya to Cyprus were Petroleum Gas ($1.88M), Engine Parts ($1.05k), and Other toys ($458). During the last 5 years the exports of Libya to Cyprus have decreased at an annualized rate of 19.2%, from $5.45M in 2017 to $1.88M in 2022.

In 2017, Cyprus exported $133M to Libya. The main products exported from Cyprus to Libya were Scented Mixtures ($111M), Refined Petroleum ($17.1M), and Packaged Medicaments ($1.45M). During the last 5 years the exports of Cyprus to Libya have decreased at an annualized rate of 14.2%, from $286M in 2022 to $133M in 2017.

Exports from Libya () to Cyprus () (2022)

Exports from Cyprus () to Libya () (2022)

Latest Data

Trade between Libya () and Cyprus ()

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Libya than Cyprus included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

In 2022, countries that imported more from Cyprus than Libya included Hong Kong ($482M), Liberia ($255M), and Israel ($254M).

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

Comparative Advantage Libya - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Cyprus in the exports of Mineral Products ($1.88M), Machines ($1.13k), and Miscellaneous ($566).

During 2017, Cyprus had a large net trade with Libya in the exports of Chemical Products ($112M), Mineral Products ($17.1M), and Foodstuffs ($1.45M).

Potential Exports

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Cyprus () (2022)

Exports from Cyprus () to Libya () (2022)

Latest Data

Trade between Libya () and Cyprus ()

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Libya - Cyprus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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