Libya (LBY) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Libya-Ecuador Trade: In 2021, Libya exported $282 to Ecuador. The main products that Libya exported to Ecuador were N/A. Over the past 15 years the exports of Libya to Ecuador have decreased at an annualized rate of 2.09%, from $387 in 2006 to $282 in 2021.

In 2021, Libya did not export any services to Ecuador.

Ecuador-Libya Trade: In 2021, Ecuador exported $31.4M to Libya. The main products that Ecuador exported to Libya were Bananas ($29.7M), Processed Fish ($799k), and Crustaceans ($526k). Over the past 15 years the exports of Ecuador to Libya have increased at an annualized rate of 99.9%, from $984k in 2006 to $31.4M in 2021.

In 2021, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Libya exported $282 to Ecuador. There were not main exports from Libya to Ecuador in 2021. During the last 15 years the exports of Libya to Ecuador have decreased at an annualized rate of 2.09%, from $387 in 2006 to $282 in 2021.

In 2017, Ecuador exported $31.4M to Libya. The main products exported from Ecuador to Libya were Bananas ($29.7M), Processed Fish ($799k), and Crustaceans ($526k). During the last 5 years the exports of Ecuador to Libya have increased at an annualized rate of 99.9%, from $984k in 2022 to $31.4M in 2017.

Exports from Libya () to Ecuador () (2022)

Exports from Ecuador () to Libya () (2022)

Latest Data

Trade between Libya () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Ecuador
Top DestinationUnited States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Libya included United States ($9.86B), Panama ($4.97B), and China ($6.17B).

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

Comparative Advantage Libya - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Libya had a large net trade with Ecuador in the exports of .

During 2017, Ecuador had a large net trade with Libya in the exports of Vegetable Products ($29.7M), Foodstuffs ($1.03M), and Animal Products ($621k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Ecuador+$4.2kPetroleum Gas

Top Product Potential Ecuador Libya+$5.03kRefined 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 Ecuador. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Libya.

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Ecuador () (2022)

Exports from Ecuador () to Libya () (2022)

Latest Data

Trade between Libya () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Libya - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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