Libya (LBY) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Libya-Georgia Trade: In 2022, Libya exported $38.2k to Georgia. The main products that Libya exported to Georgia were Large Flat-Rolled Stainless Steel ($5.55k), Electrical Control Boards ($4.64k), and Electrical Power Accessories ($4.6k). Over the past 8 years the exports of Libya to Georgia have increased at an annualized rate of 27.7%, from $5.4k in 2014 to $38.2k in 2022.

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

Georgia-Libya Trade: In 2022, Georgia exported $3.98M to Libya. The main products that Georgia exported to Libya were Packaged Medicaments ($1.37M), Fruit Juice ($1.05M), and Rolled Tobacco ($569k). Over the past 8 years the exports of Georgia to Libya have increased at an annualized rate of 8.86%, from $1.02M in 2014 to $3.98M in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $38.2k to Georgia. The main products exported from Libya to Georgia were Large Flat-Rolled Stainless Steel ($5.55k), Electrical Control Boards ($4.64k), and Electrical Power Accessories ($4.6k). During the last 8 years the exports of Libya to Georgia have increased at an annualized rate of 27.7%, from $5.4k in 2014 to $38.2k in 2022.

In 2017, Georgia exported $3.98M to Libya. The main products exported from Georgia to Libya were Packaged Medicaments ($1.37M), Fruit Juice ($1.05M), and Rolled Tobacco ($569k). During the last 5 years the exports of Georgia to Libya have increased at an annualized rate of 8.86%, from $1.02M in 2022 to $3.98M in 2017.

Exports from Libya () to Georgia () (2022)

Exports from Georgia () to Libya () (2022)

Latest Data

Trade between Libya () and Georgia ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Libya included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

Comparative Advantage Libya - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Georgia in the exports of Machines ($19.8k), Metals ($16k), and Plastics and Rubbers ($2.01k).

During 2017, Georgia had a large net trade with Libya in the exports of Foodstuffs ($1.69M), Chemical Products ($1.38M), and Vegetable Products ($549k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Georgia+$3.64kPetroleum Gas

Top Product Potential Georgia Libya+$3.28kRefined 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 Georgia. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Libya.

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Georgia () (2022)

Exports from Georgia () to Libya () (2022)

Latest Data

Trade between Libya () and Georgia ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Libya - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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