2022
Flag  
GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH
-50.6%CURRENT US$
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2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 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
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
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About

Libya-Portugal Trade: In 2022, Libya exported $20.6M to Portugal. The main products that Libya exported to Portugal were Ammonia ($20.6M), Paper Containers ($112), and Non-Knit Active Wear ($61). Over the past 5 years the exports of Libya to Portugal have increased at an annualized rate of 119%, from $411k in 2017 to $20.6M in 2022.

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

Portugal-Libya Trade: In 2022, Portugal exported $35.9M to Libya. The main products that Portugal exported to Libya were Packaged Medicaments ($7.86M), Apples and Pears ($4.76M), and Processed Fish ($3.68M). Over the past 5 years the exports of Portugal to Libya have increased at an annualized rate of 13.6%,  from $18.9M in 2017 to $35.9M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Libya exported $20.6M to Portugal. The main products exported from Libya to Portugal were Ammonia ($20.6M), Paper Containers ($112), and Non-Knit Active Wear ($61). During the last 5 years the exports of Libya to Portugal have increased at an annualized rate of 119%, from $411k in 2017 to $20.6M in 2022.

In 2017, Portugal exported $35.9M to Libya. The main products exported from Portugal to Libya were Packaged Medicaments ($7.86M), Apples and Pears ($4.76M), and Processed Fish ($3.68M). During the last 5 years the exports of Portugal to Libya have increased at an annualized rate of 13.6%, from $18.9M in 2022 to $35.9M in 2017.

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

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

Latest Data

Trade between Libya (Flag) and Portugal (Flag)

Portugal Exports

Market Competitiveness

Color
Libya
Top Destination
Italy$9.26B
Portugal
Top Destination
Spain$20.5B

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

In 2022, countries that imported more from Libya than Portugal included Italy ($9.26B), Greece ($2.25B), and China ($2.52B).

In 2022, countries that imported more from Portugal than Libya included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

Difference in imports from Portugal (Flag) and Libya (Flag) (2022)

Comparative Advantage Libya - Portugal

Flow
Scale

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

During 2022, Libya had a large net trade with Portugal in the exports of Chemical Products ($20.6M), Paper Goods ($123), and Textiles ($61).

During 2017, Portugal had a large net trade with Libya in the exports of Chemical Products ($8.23M), Foodstuffs ($7.82M), and Machines ($5.57M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Portugal+$13kCrude Petroleum
Top Product Potential Portugal Libya+$2.16MPackaged Medicaments

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

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

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