Libya (LBY) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Libya-Greece Trade: In 2023, Libya exported $2.2B to Greece. The main products that Libya exported to Greece were Crude Petroleum ($2.05B), Refined Petroleum ($72.2M), and Scrap Iron ($47.3M). Over the past 5 years the exports of Libya to Greece have increased at an annualized rate of 18.7%, from $930M in 2018 to $2.2B in 2023.

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

Greece-Libya Trade: In 2023, Greece exported $1.71B to Libya. The main products that Greece exported to Libya were Refined Petroleum ($1.58B), Rolled Tobacco ($46.1M), and Petroleum Coke ($25.8M). Over the past 5 years the exports of Greece to Libya have increased at an annualized rate of 10.2%, from $481M in 2018 to $1.71B in 2023.

In 2023, Greece 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $2.2B to Greece. The main products exported from Libya to Greece were Crude Petroleum ($2.05B), Refined Petroleum ($72.2M), and Scrap Iron ($47.3M). During the last 5 years the exports of Libya to Greece have increased at an annualized rate of 18.7%, from $930M in 2018 to $2.2B in 2023.

In 2018, Greece exported $1.71B to Libya. The main products exported from Greece to Libya were Refined Petroleum ($1.58B), Rolled Tobacco ($46.1M), and Petroleum Coke ($25.8M). During the last 5 years the exports of Greece to Libya have increased at an annualized rate of 10.2%, from $481M in 2023 to $1.71B in 2018.

Exports from Libya () to Greece () (2023)

Exports from Greece () to Libya () (2023)

Latest Data

Trade between Libya () and Greece ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Libya than Greece included Germany ($5.16B), Italy ($7.96B), and China ($2.2B).

In 2023, countries that imported more from Greece than Libya included Cyprus ($3.03B), Bulgaria ($2.38B), and Lebanon ($1.78B).

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

Comparative Advantage Libya - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Greece in the exports of Mineral Products ($2.13B), Metals ($63.6M), and Chemical Products ($4.63M).

During 2018, Greece had a large net trade with Libya in the exports of Mineral Products ($1.61B), Foodstuffs ($55M), and Machines ($13.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Greece+$21.5MRefined Petroleum

Top Product Potential Greece Libya+$3.66MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Greece () (2023)

Exports from Greece () to Libya () (2023)

Latest Data

Trade between Libya () and Greece ()

Greece Exports

Market Competitiveness

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

Comparative Advantage Libya - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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