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Pricing

2023
Flag → Flag
Exports $10.9kRnk 70 / 89
2023
Flag → Flag
Top Product $9.42kCars
2023
Flag → Flag
Exports $1.05MRnk 106 / 159
2023
Flag → Flag
Top Product $502kBeauty Products
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 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$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Libya-Nigeria Trade: In 2023, Libya exported $10.9k to Nigeria. The main products that Libya exported to Nigeria were Cars ($9.42k) and Broadcasting Equipment ($1.44k). Over the past 5 years the exports of Libya to Nigeria have decreased at an annualized rate of 31.3%, from $71.1k in 2018 to $10.9k in 2023.

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

Nigeria-Libya Trade: In 2023, Nigeria exported $1.05M to Libya. The main products that Nigeria exported to Libya were Beauty Products ($502k), Coconuts, Brazil Nuts, and Cashews ($218k), and Perfumes ($199k). Over the past 5 years the exports of Nigeria to Libya have increased at an annualized rate of 3.14%,  from $845k in 2018 to $1.05M in 2023.

In 2023, Nigeria 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, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Libya exported $10.9k to Nigeria. The main products exported from Libya to Nigeria were Cars ($9.42k) and Broadcasting Equipment ($1.44k). During the last 5 years the exports of Libya to Nigeria have decreased at an annualized rate of 31.3%, from $71.1k in 2018 to $10.9k in 2023.

In 2018, Nigeria exported $1.05M to Libya. The main products exported from Nigeria to Libya were Beauty Products ($502k), Coconuts, Brazil Nuts, and Cashews ($218k), and Perfumes ($199k). During the last 5 years the exports of Nigeria to Libya have increased at an annualized rate of 3.14%, from $845k in 2023 to $1.05M in 2018.

Exports from Libya (Flag) to Nigeria (Flag) (2023)

Exports from Nigeria (Flag) to Libya (Flag) (2023)

Latest Data

Trade between Libya (Flag) and Nigeria (Flag)

Nigeria Exports

Market Competitiveness

Color
Libya
Top DestinationItaly$7.96B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Libya than Nigeria included Italy ($7.96B), Germany ($5.16B), and Greece ($2.2B).

In 2023, countries that imported more from Nigeria than Libya included United States ($6.29B), Indonesia ($3.44B), and India ($3.64B).

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

Comparative Advantage Libya - Nigeria

Flow
Scale

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

During 2023, Libya had a large net trade with Nigeria in the exports of Transportation ($9.42k) and Machines ($1.44k).

During 2018, Nigeria had a large net trade with Libya in the exports of Chemical Products ($701k), Vegetable Products ($278k), and Foodstuffs ($70.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Nigeria+$57.7kCars
Top Product Potential Nigeria Libya+$284kCoconuts, Brazil Nuts, and Cashews

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

Product Space of Libya (Flag) and Nigeria (Flag) (2023)

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