Libya (LBY) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Libya-Japan Trade: In 2023, Libya exported $966k to Japan. The main products that Libya exported to Japan were Fish Fillets ($794k), Scrap Copper ($125k), and Non-fillet Frozen Fish ($41.7k). Over the past 6 years the exports of Libya to Japan have decreased at an annualized rate of 33.8%, from $11.5M in 2017 to $966k in 2023.

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

Japan-Libya Trade: In 2023, Japan exported $52.9M to Libya. The main products that Japan exported to Libya were Cars ($21.7M), Rubber Tires ($19.9M), and Buses ($2.06M). Over the past 6 years the exports of Japan to Libya have increased at an annualized rate of 11.8%, from $30.3M in 2017 to $52.9M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $966k to Japan. The main products exported from Libya to Japan were Fish Fillets ($794k), Scrap Copper ($125k), and Non-fillet Frozen Fish ($41.7k). During the last 6 years the exports of Libya to Japan have decreased at an annualized rate of 33.8%, from $11.5M in 2017 to $966k in 2023.

In 2018, Japan exported $52.9M to Libya. The main products exported from Japan to Libya were Cars ($21.7M), Rubber Tires ($19.9M), and Buses ($2.06M). During the last 5 years the exports of Japan to Libya have increased at an annualized rate of 11.8%, from $30.3M in 2023 to $52.9M in 2018.

Exports from Libya () to Japan () (2023)

Exports from Japan () to Libya () (2023)

Latest Data

Trade between Libya () and Japan ()

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from Libya than Japan included Italy ($7.96B), Greece ($2.2B), and Romania ($657M).

In 2023, countries that imported more from Japan than Libya included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Libya - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Japan in the exports of Animal Products ($836k), Metals ($125k), and Arts and Antiques ($4.48k).

During 2018, Japan had a large net trade with Libya in the exports of Transportation ($24.5M), Plastics and Rubbers ($20M), and Machines ($4.08M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Japan+$16.6kCrude Petroleum

Top Product Potential Japan Libya+$16.7MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Japan () (2023)

Exports from Japan () to Libya () (2023)

Latest Data

Trade between Libya () and Japan ()

Japan Exports

Market Competitiveness

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

Comparative Advantage Libya - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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