Libya (LBY) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Libya-North Macedonia Trade: In 2022, Libya exported $6.3M to North Macedonia. The main products that Libya exported to North Macedonia were Hot-Rolled Iron ($5.9M), Petroleum Gas ($212k), and Nitrogenous Fertilizers ($191k). Over the past 5 years the exports of Libya to North Macedonia have increased at an annualized rate of 244%, from $13k in 2017 to $6.3M in 2022.

In 2022, Libya did not export any services to North Macedonia.

North Macedonia-Libya Trade: In 2022, North Macedonia exported $759k to Libya. The main products that North Macedonia exported to Libya were Baked Goods ($257k), Electrical Control Boards ($125k), and Building Stone ($80.2k). Over the past 5 years the exports of North Macedonia to Libya have increased at an annualized rate of 1.31%, from $711k in 2017 to $759k in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $6.3M to North Macedonia. The main products exported from Libya to North Macedonia were Hot-Rolled Iron ($5.9M), Petroleum Gas ($212k), and Nitrogenous Fertilizers ($191k). During the last 5 years the exports of Libya to North Macedonia have increased at an annualized rate of 244%, from $13k in 2017 to $6.3M in 2022.

In 2017, North Macedonia exported $759k to Libya. The main products exported from North Macedonia to Libya were Baked Goods ($257k), Electrical Control Boards ($125k), and Building Stone ($80.2k). During the last 5 years the exports of North Macedonia to Libya have increased at an annualized rate of 1.31%, from $711k in 2022 to $759k in 2017.

Exports from Libya () to North Macedonia () (2022)

Exports from North Macedonia () to Libya () (2022)

Latest Data

Trade between Libya () and North Macedonia ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Libya than North Macedonia included Italy ($9.26B), Spain ($3.48B), and China ($2.52B).

In 2022, countries that imported more from North Macedonia than Libya included Serbia ($800M), Germany ($3.96B), and Bulgaria ($443M).

Difference in imports from North Macedonia () and Libya () (2022)

Comparative Advantage Libya - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with North Macedonia in the exports of Metals ($5.9M), Mineral Products ($212k), and Chemical Products ($191k).

During 2017, North Macedonia had a large net trade with Libya in the exports of Foodstuffs ($414k), Machines ($125k), and Stone And Glass ($80.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya North Macedonia+$628kPetroleum Gas

Top Product Potential North Macedonia Libya+$270kBaked Goods

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to North Macedonia () (2022)

Exports from North Macedonia () to Libya () (2022)

Latest Data

Trade between Libya () and North Macedonia ()

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Libya () (2022)

Comparative Advantage Libya - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and North Macedonia () (2022)

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