Libya (LBY) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Libya-Ghana Trade: In 2019, Libya exported $223k to Ghana. The main products that Libya exported to Ghana were N/A. Over the past 5 years the exports of Libya to Ghana have decreased at an annualized rate of 24.5%, from $911k in 2014 to $223k in 2019.

In 2019, Libya did not export any services to Ghana.

Ghana-Libya Trade: In 2019, Ghana exported $1.13k to Libya. The main products that Ghana exported to Libya were N/A. Over the past 5 years the exports of Ghana to Libya have decreased at an annualized rate of 78.8%, from $2.63M in 2014 to $1.13k in 2019.

In 2019, Ghana 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, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2019, Libya exported $223k to Ghana. There were not main exports from Libya to Ghana in 2019. During the last 5 years the exports of Libya to Ghana have decreased at an annualized rate of 24.5%, from $911k in 2014 to $223k in 2019.

In 2014, Ghana exported $1.13k to Libya. There were not main exports from Ghana to Libya in 2014. During the last 5 years the exports of Ghana to Libya have decreased at an annualized rate of 78.8%, from $2.63M in 2019 to $1.13k in 2014.

Exports from Libya () to Ghana () (2019)

Exports from Ghana () to Libya () (2019)

Latest Data

Trade between Libya () and Ghana ()

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Ghana
Top DestinationUnited Arab Emirates$4.72B

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

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

In 2022, countries that imported more from Ghana than Libya included Switzerland ($3.37B), United Arab Emirates ($4.72B), and India ($2.04B).

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

Comparative Advantage Libya - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Libya had a large net trade with Ghana in the exports of .

During 2014, Ghana had a large net trade with Libya in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Ghana+$3.97kRefined Petroleum

Top Product Potential Ghana Libya+$3.92kRefined 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 Ghana. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Libya.

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Ghana () (2019)

Exports from Ghana () to Libya () (2019)

Latest Data

Trade between Libya () and Ghana ()

Ghana Exports

Market Competitiveness

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

Comparative Advantage Libya - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Ghana () (2019)

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