Libya (LBY) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Libya-Italy Trade: In 2022, Libya exported $9.26B to Italy. The main products that Libya exported to Italy were Crude Petroleum ($6.06B), Petroleum Gas ($2.95B), and Refined Petroleum ($160M). Over the past 5 years the exports of Libya to Italy have increased at an annualized rate of 3.5%, from $7.8B in 2017 to $9.26B in 2022.

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

Italy-Libya Trade: In 2022, Italy exported $2.28B to Libya. The main products that Italy exported to Libya were Refined Petroleum ($1.48B), Insulated Wire ($74.5M), and Processed Tomatoes ($66.4M). Over the past 5 years the exports of Italy to Libya have increased at an annualized rate of 8.42%, from $1.2B in 2017 to $2.28B in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $9.26B to Italy. The main products exported from Libya to Italy were Crude Petroleum ($6.06B), Petroleum Gas ($2.95B), and Refined Petroleum ($160M). During the last 5 years the exports of Libya to Italy have increased at an annualized rate of 3.5%, from $7.8B in 2017 to $9.26B in 2022.

In 2017, Italy exported $2.28B to Libya. The main products exported from Italy to Libya were Refined Petroleum ($1.48B), Insulated Wire ($74.5M), and Processed Tomatoes ($66.4M). During the last 5 years the exports of Italy to Libya have increased at an annualized rate of 8.42%, from $1.2B in 2022 to $2.28B in 2017.

Exports from Libya () to Italy () (2022)

Exports from Italy () to Libya () (2022)

Latest Data

Trade between Libya () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Italy
Top DestinationGermany$78.5B

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

In 2022, no countries were registered that imported more from Libya than from Italy.

In 2022, countries that imported more from Italy than Libya included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Libya - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Italy in the exports of Mineral Products ($9.17B), Metals ($48.3M), and Chemical Products ($38.7M).

During 2017, Italy had a large net trade with Libya in the exports of Mineral Products ($1.48B), Machines ($322M), and Foodstuffs ($137M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Italy+$457MPetroleum Gas

Top Product Potential Italy Libya+$16.7MPackaged 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 Italy. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Libya.

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Italy () (2022)

Exports from Italy () to Libya () (2022)

Latest Data

Trade between Libya () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Libya - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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