2022
Flag  
GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH
-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH
-57.4%CURRENT US$
Rnk 185 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Libya-Norway Trade: In 2022, Libya exported $124M 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 46.2%, from $18.5M in 2017 to $124M in 2022.

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

Norway-Libya Trade: In 2022, Norway exported $1.94M to Libya. The main products that Norway exported to Libya were Rubberworking Machinery ($696k), Surveying Equipment ($479k), and Valves ($132k). Over the past 5 years the exports of Norway to Libya have increased at an annualized rate of 37.2%,  from $399k in 2017 to $1.94M 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
Value

In 2022, Libya exported $124M 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 46.2%, from $18.5M in 2017 to $124M in 2022.

In 2017, Norway exported $1.94M to Libya. The main products exported from Norway to Libya were Rubberworking Machinery ($696k), Surveying Equipment ($479k), and Valves ($132k). During the last 5 years the exports of Norway to Libya have increased at an annualized rate of 37.2%, from $399k in 2022 to $1.94M in 2017.

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

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

Latest Data

Trade between Libya (Flag) and Norway (Flag)

Norway Exports

Market Competitiveness

Color
Libya
Top Destination
Italy$9.26B
Norway
Top Destination
Germany$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 (Flag) and Libya (Flag) (2022)

Comparative Advantage Libya - Norway

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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