Libya (LBY) and Peru (PER) Trade | The Observatory of Economic Complexity

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Libya-Peru Trade: In 2023, Libya exported $566 to Peru. The main products that Libya exported to Peru were Knit Babies' Garments ($197), Knit Women's Suits ($139), and Non-Knit Men's Shirts ($74). Over the past 14 years the exports of Libya to Peru have decreased at an annualized rate of 16%, from $6.53k in 2009 to $566 in 2023.

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

Peru-Libya Trade: In 2023, Peru exported $724k to Libya. The main products that Peru exported to Libya were Coconuts, Brazil Nuts, and Cashews ($694k) and Other Processed Vegetables ($30.4k). Over the past 14 years the exports of Peru to Libya have decreased at an annualized rate of 41.3%, from $10.4M in 2009 to $724k in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $566 to Peru. The main products exported from Libya to Peru were Knit Babies' Garments ($197), Knit Women's Suits ($139), and Non-Knit Men's Shirts ($74). During the last 14 years the exports of Libya to Peru have decreased at an annualized rate of 16%, from $6.53k in 2009 to $566 in 2023.

In 2018, Peru exported $724k to Libya. The main products exported from Peru to Libya were Coconuts, Brazil Nuts, and Cashews ($694k) and Other Processed Vegetables ($30.4k). During the last 5 years the exports of Peru to Libya have decreased at an annualized rate of 41.3%, from $10.4M in 2023 to $724k in 2018.

Exports from Libya () to Peru () (2023)

Exports from Peru () to Libya () (2023)

Latest Data

Trade between Libya () and Peru ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Libya than Peru included Italy ($7.96B), Germany ($5.16B), and France ($2.64B).

In 2023, countries that imported more from Peru than Libya included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

Difference in imports from Peru () and Libya () (2023)

Comparative Advantage Libya - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Peru in the exports of Textiles ($566).

During 2018, Peru had a large net trade with Libya in the exports of Vegetable Products ($694k) and Foodstuffs ($30.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Peru+$7.62kCrude Petroleum

Top Product Potential Peru Libya+$188kConcentrated Milk

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Peru () (2023)

Exports from Peru () to Libya () (2023)

Latest Data

Trade between Libya () and Peru ()

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Libya () (2023)

Comparative Advantage Libya - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Peru () (2023)

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