Libya (LBY) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Libya-Kuwait Trade: In 2022, Libya exported $71.8k to Kuwait. The main products that Libya exported to Kuwait were Honey ($71k) and Precious Metal Watches ($832). Over the past 5 years the exports of Libya to Kuwait have increased at an annualized rate of 13.3%, from $38.5k in 2017 to $71.8k in 2022.

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

Kuwait-Libya Trade: In 2022, Kuwait exported $4.09M to Libya. The main products that Kuwait exported to Libya were Office Machine Parts ($613k), Photographic Chemicals ($585k), and Insulated Wire ($479k). Over the past 5 years the exports of Kuwait to Libya have decreased at an annualized rate of 5.77%, from $5.5M in 2017 to $4.09M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $71.8k to Kuwait. The main products exported from Libya to Kuwait were Honey ($71k) and Precious Metal Watches ($832). During the last 5 years the exports of Libya to Kuwait have increased at an annualized rate of 13.3%, from $38.5k in 2017 to $71.8k in 2022.

In 2017, Kuwait exported $4.09M to Libya. The main products exported from Kuwait to Libya were Office Machine Parts ($613k), Photographic Chemicals ($585k), and Insulated Wire ($479k). During the last 5 years the exports of Kuwait to Libya have decreased at an annualized rate of 5.77%, from $5.5M in 2022 to $4.09M in 2017.

Exports from Libya () to Kuwait () (2022)

Exports from Kuwait () to Libya () (2022)

Latest Data

Trade between Libya () and Kuwait ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Kuwait
Top DestinationChina$24.3B

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

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

In 2022, countries that imported more from Kuwait than Libya included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Libya - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Kuwait in the exports of Animal Products ($71k) and Instruments ($832).

During 2017, Kuwait had a large net trade with Libya in the exports of Machines ($1.48M), Foodstuffs ($702k), and Chemical Products ($585k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Kuwait+$5.26kPetroleum Gas

Top Product Potential Kuwait Libya+$1.73MRefined 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 Kuwait. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Libya.

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Kuwait () (2022)

Exports from Kuwait () to Libya () (2022)

Latest Data

Trade between Libya () and Kuwait ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Libya - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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