2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
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GDP GROWTH
-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
 GDP
$12.7BCURRENT US$
Rnk 143 / 195
2013-2023
Flag
GDP GROWTH
58.3%CURRENT US$
Rnk 58 / 195
2023
Flag
GDP PC 
$6,173CURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP PC GROWTH
-48.4%CURRENT US$
Rnk 193 / 195
2023
Flag
GDP PC
$602CURRENT US$
Rnk 190 / 196
2013-2023
Flag
GDP PC GROWTH
21.2%CURRENT US$
Rnk 101 / 195

About

Libya-Malawi Trade: In 2015, Libya exported $3.25k to Malawi. The main products that Libya exported to Malawi were N/A. Over the past 11 years the exports of Libya to Malawi have increased at an annualized rate of 66.4%, from $12 in 2004 to $3.25k in 2015.

In 2015, Libya did not export any services to Malawi.

Malawi-Libya Trade: In 2015, Malawi exported $2.47M to Libya. The main products that Malawi exported to Libya were N/A. Over the past 11 years the exports of Malawi to Libya have increased at an annualized rate of 67%,  from $8.77k in 2004 to $2.47M in 2015.

In 2015, Malawi 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, Malawi ranked 163 in total exports ($922M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2015, Libya exported $3.25k to Malawi. There were not main exports from Libya to Malawi in 2015. During the last 11 years the exports of Libya to Malawi have increased at an annualized rate of 66.4%, from $12 in 2004 to $3.25k in 2015.

In 2004, Malawi exported $2.47M to Libya. There were not main exports from Malawi to Libya in 2004. During the last 5 years the exports of Malawi to Libya have increased at an annualized rate of 67%, from $8.77k in 2009 to $2.47M in 2004.

Exports from Libya (Flag) to Malawi (Flag) (2015)

Exports from Malawi (Flag) to Libya (Flag) (2015)

Market Competitiveness

Color
Libya
Top Destination
Italy$7.96B
Malawi
Top Destination
Germany$99.1M

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

In 2023, countries that imported more from Libya than Malawi included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

In 2023, countries that imported more from Malawi than Libya included Zimbabwe ($52.4M), South Africa ($48.2M), and Poland ($45.7M).

Difference in imports from Malawi (Flag) and Libya (Flag) (2023)

Comparative Advantage Libya - Malawi

Flow
Scale

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

During 2015, Libya had a large net trade with Malawi in the exports of .

During 2004, Malawi had a large net trade with Libya in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Malawi+$1.76kGold
Top Product Potential Malawi Libya+$2.01kGold

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

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

Product Space of Libya (Flag) and Malawi (Flag) (2015)

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