2022
Flag  
GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH
-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
 GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 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
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186

About

Libya-Romania Trade: In 2022, Libya exported $423k to Romania. The main products that Libya exported to Romania were Electrical Control Boards ($294k), Other Engines ($64.6k), and Machinery Having Individual Functions ($48.2k). Over the past 5 years the exports of Libya to Romania have decreased at an annualized rate of 34.5%, from $3.5M in 2017 to $423k in 2022.

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

Romania-Libya Trade: In 2022, Romania exported $156M to Libya. The main products that Romania exported to Libya were Refined Petroleum ($106M), Corn ($27.4M), and Wheat ($5.95M). Over the past 5 years the exports of Romania to Libya have decreased at an annualized rate of 0.0076%,  from $156M in 2017 to $156M in 2022.

In 2022, Romania 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Libya exported $423k to Romania. The main products exported from Libya to Romania were Electrical Control Boards ($294k), Other Engines ($64.6k), and Machinery Having Individual Functions ($48.2k). During the last 5 years the exports of Libya to Romania have decreased at an annualized rate of 34.5%, from $3.5M in 2017 to $423k in 2022.

In 2017, Romania exported $156M to Libya. The main products exported from Romania to Libya were Refined Petroleum ($106M), Corn ($27.4M), and Wheat ($5.95M). During the last 5 years the exports of Romania to Libya have decreased at an annualized rate of 0.0076%, from $156M in 2022 to $156M in 2017.

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

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

Latest Data

Trade between Libya (Flag) and Romania (Flag)

Romania Exports

Market Competitiveness

Color
Libya
Top Destination
Italy$9.26B
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Libya than Romania included Thailand ($1.67B), Greece ($2.25B), and United Arab Emirates ($1.63B).

In 2022, countries that imported more from Romania than Libya included Germany ($18.8B), Hungary ($6.75B), and Bulgaria ($3.9B).

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

Comparative Advantage Libya - Romania

Flow
Scale

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

During 2022, Libya had a large net trade with Romania in the exports of Machines ($407k) and Metals ($16.4k).

During 2017, Romania had a large net trade with Libya in the exports of Mineral Products ($106M), Vegetable Products ($35.6M), and Machines ($5.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Romania+$59kElectrical Control Boards
Top Product Potential Romania Libya+$9.09MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Libya and Romania. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Libya.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with