2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH
-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
 GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 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
$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195

About

Libya-Philippines Trade: In 2022, Libya exported $3.1k to Philippines. The main products that Libya exported to Philippines were N/A. Over the past 9 years the exports of Libya to Philippines have decreased at an annualized rate of 19.1%, from $20.9k in 2013 to $3.1k in 2022.

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

Philippines-Libya Trade: In 2022, Philippines exported $219k to Libya. The main products that Philippines exported to Libya were Shaving Products ($94.2k), Base Metal Watches ($94.1k), and Basketwork ($23.3k). Over the past 9 years the exports of Philippines to Libya have increased at an annualized rate of 211%,  from $749 in 2013 to $219k in 2022.

In 2022, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Libya exported $3.1k to Philippines. There were not main exports from Libya to Philippines in 2022. During the last 9 years the exports of Libya to Philippines have decreased at an annualized rate of 19.1%, from $20.9k in 2013 to $3.1k in 2022.

In 2018, Philippines exported $219k to Libya. The main products exported from Philippines to Libya were Shaving Products ($94.2k), Base Metal Watches ($94.1k), and Basketwork ($23.3k). During the last 5 years the exports of Philippines to Libya have increased at an annualized rate of 211%, from $749 in 2023 to $219k in 2018.

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

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

Latest Data

Trade between Libya (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Libya
Top Destination
Italy$7.96B
Philippines
Top Destination
China$19B

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

In 2023, countries that imported more from Libya than Philippines included Italy ($7.96B), Spain ($3.08B), and Greece ($2.2B).

In 2023, countries that imported more from Philippines than Libya included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

Comparative Advantage Libya - Philippines

Flow
Scale

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

During 2022, Libya had a large net trade with Philippines in the exports of .

During 2018, Philippines had a large net trade with Libya in the exports of Instruments ($95.6k), Chemical Products ($94.2k), and Wood Products ($23.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Philippines+$5.76kCrude Petroleum
Top Product Potential Philippines Libya+$4.04kRefined Petroleum

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

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

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