Libya (LBY) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Libya-Denmark Trade: In 2023, Libya exported $23.6k to Denmark. The main products that Libya exported to Denmark were Electrical Transformers ($7.99k), Medical Instruments ($7.29k), and Electric Motors ($1.44k). Over the past 5 years the exports of Libya to Denmark have decreased at an annualized rate of 85.7%, from $394M in 2018 to $23.6k in 2023.

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

Denmark-Libya Trade: In 2023, Denmark exported $30M to Libya. The main products that Denmark exported to Libya were Other Edible Preparations ($5.66M), Malt Extract ($5.16M), and Cheese ($3.78M). Over the past 5 years the exports of Denmark to Libya have decreased at an annualized rate of 3.68%, from $36.2M in 2018 to $30M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $23.6k to Denmark. The main products exported from Libya to Denmark were Electrical Transformers ($7.99k), Medical Instruments ($7.29k), and Electric Motors ($1.44k). During the last 5 years the exports of Libya to Denmark have decreased at an annualized rate of 85.7%, from $394M in 2018 to $23.6k in 2023.

In 2018, Denmark exported $30M to Libya. The main products exported from Denmark to Libya were Other Edible Preparations ($5.66M), Malt Extract ($5.16M), and Cheese ($3.78M). During the last 5 years the exports of Denmark to Libya have decreased at an annualized rate of 3.68%, from $36.2M in 2023 to $30M in 2018.

Exports from Libya () to Denmark () (2023)

Exports from Denmark () to Libya () (2023)

Latest Data

Trade between Libya () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Libya than Denmark included Italy ($7.96B), Greece ($2.2B), and United Arab Emirates ($1.85B).

In 2023, countries that imported more from Denmark than Libya included Sweden ($11.2B), United States ($12B), and Germany ($14.8B).

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

Comparative Advantage Libya - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Denmark in the exports of Machines ($13.5k), Instruments ($8.79k), and Transportation ($533).

During 2018, Denmark had a large net trade with Libya in the exports of Foodstuffs ($11.1M), Animal Products ($6.11M), and Machines ($4.03M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Denmark+$41.7MCrude Petroleum

Top Product Potential Denmark Libya+$2.64MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Denmark () (2023)

Exports from Denmark () to Libya () (2023)

Latest Data

Trade between Libya () and Denmark ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Libya - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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