Libya (LBY) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Libya-Romania Trade: In 2023, Libya exported $657M to Romania. The main products that Libya exported to Romania were Crude Petroleum ($653M) and Iron Ore ($4.43M). Over the past 5 years the exports of Libya to Romania have increased at an annualized rate of 211%, from $2.28M in 2018 to $657M in 2023.

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

Romania-Libya Trade: In 2023, Romania exported $218M to Libya. The main products that Romania exported to Libya were Refined Petroleum ($170M), Barley ($13.6M), and Sheep and Goats ($12M). Over the past 5 years the exports of Romania to Libya have increased at an annualized rate of 2.82%, from $190M in 2018 to $218M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $657M to Romania. The main products exported from Libya to Romania were Crude Petroleum ($653M) and Iron Ore ($4.43M). During the last 5 years the exports of Libya to Romania have increased at an annualized rate of 211%, from $2.28M in 2018 to $657M in 2023.

In 2018, Romania exported $218M to Libya. The main products exported from Romania to Libya were Refined Petroleum ($170M), Barley ($13.6M), and Sheep and Goats ($12M). During the last 5 years the exports of Romania to Libya have increased at an annualized rate of 2.82%, from $190M in 2023 to $218M in 2018.

Exports from Libya () to Romania () (2023)

Exports from Romania () to Libya () (2023)

Latest Data

Trade between Libya () and Romania ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Romania
Top DestinationGermany$19.9B

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 2023, countries that imported more from Libya than Romania included United Arab Emirates ($1.85B), Greece ($2.2B), and Thailand ($1.26B).

In 2023, countries that imported more from Romania than Libya included Germany ($19.9B), Hungary ($4.22B), and Bulgaria ($4.03B).

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

Comparative Advantage Libya - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Romania in the exports of Mineral Products ($657M).

During 2018, Romania had a large net trade with Libya in the exports of Mineral Products ($170M), Animal Products ($19.8M), and Vegetable Products ($18.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

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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 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.

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Romania () (2023)

Exports from Romania () to Libya () (2023)

Latest Data

Trade between Libya () and Romania ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Libya - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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