Libya (LBY) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Libya-Norway Trade: In 2022, Libya exported $18.5M to Norway. The main products that Libya exported to Norway were Crude Petroleum ($124M), Recreational Boats ($8.56k), and Other Furniture ($1.87k). Over the past 5 years the exports of Libya to Norway have increased at an annualized rate of 408%, from $5.49k in 2017 to $18.5M in 2022.

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

Norway-Libya Trade: In 2022, Norway exported $399k to Libya. The main products that Norway exported to Libya were N/A. Over the past 5 years the exports of Norway to Libya have decreased at an annualized rate of 40%, from $5.12M in 2017 to $399k in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $18.5M to Norway. The main products exported from Libya to Norway were Crude Petroleum ($124M), Recreational Boats ($8.56k), and Other Furniture ($1.87k). During the last 5 years the exports of Libya to Norway have increased at an annualized rate of 408%, from $5.49k in 2017 to $18.5M in 2022.

In 2017, Norway exported $399k to Libya. There were not main exports from Norway to Libya in 2017. During the last 22 years the exports of Norway to Libya have decreased at an annualized rate of 40%, from $5.12M in 1995 to $399k in 2017.

Exports from Libya () to Norway () (2022)

Exports from Norway () to Libya () (2022)

Latest Data

Trade between Libya () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Libya than Norway included Italy ($9.26B), Greece ($2.25B), and United Arab Emirates ($1.63B).

In 2022, countries that imported more from Norway than Libya included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Libya - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Norway in the exports of Mineral Products ($124M), Transportation ($8.56k), and Miscellaneous ($1.87k).

During 2017, Norway had a large net trade with Libya in the exports of Machines ($1.21M), Instruments ($507k), and Plastics and Rubbers ($90k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Norway+$9.95MCrude Petroleum

Top Product Potential Norway Libya+$240kValves

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Norway () (2022)

Exports from Norway () to Libya () (2022)

Latest Data

Trade between Libya () and Norway ()

Norway Exports

Market Competitiveness

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

Comparative Advantage Libya - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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