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2022
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GDP$45.8BCURRENT US$
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2012-2022
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GDP GROWTH-50.6%CURRENT US$
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2022
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 GDP$27.8BCURRENT US$
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2012-2022
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GDP GROWTH88.7%CURRENT US$
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2022
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GDP PC $6,716CURRENT US$
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2012-2022
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GDP PC GROWTH-57.4%CURRENT US$
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2022
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GDP PC$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH58.5%CURRENT US$
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About

Libya-Iceland Trade: In 2022, Libya exported $207 to Iceland. The main products that Libya exported to Iceland were Knit T-shirts ($207). Over the past 12 years the exports of Libya to Iceland have decreased at an annualized rate of 50%, from $850k in 2010 to $207 in 2022.

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

Iceland-Libya In N/A, Iceland did not export any products to Libya.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Libya exported $207 to Iceland. The main products exported from Libya to Iceland were Knit T-shirts ($207). During the last 12 years the exports of Libya to Iceland have decreased at an annualized rate of 50%, from $850k in 2010 to $207 in 2022.

Iceland does not register exports to Libya. The main products exported from Iceland to Libya were Refined Petroleum ($72.7k).

Exports from Libya (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Libya (Flag) (2022)

Latest Data

Trade between Libya (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Libya
Top DestinationItaly$9.26B
Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Libya included Poland ($367M), Netherlands ($1.97B), and Norway ($459M).

Difference in imports from Iceland (Flag) and Libya (Flag) (2022)

Comparative Advantage Libya - Iceland

Flow
Scale

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

During 2022, Libya had a large net trade with Iceland in the exports of Textiles ($207).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Libya and Iceland. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Libya.

Product Space of Libya (Flag) and Iceland (Flag) (2022)

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