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

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Libya-Romania Trade: In 2022, Libya exported $3.5M 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 increased at an annualized rate of 49.2%, from $474k in 2017 to $3.5M 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 increased at an annualized rate of 84.4%, from $7.31M 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $3.5M 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 increased at an annualized rate of 49.2%, from $474k in 2017 to $3.5M 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 22 years the exports of Romania to Libya have increased at an annualized rate of 84.4%, from $7.31M in 1995 to $156M in 2017.

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

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

Latest Data

Trade between Libya () and Romania ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Romania
Top DestinationGermany$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 () and Libya () (2022)

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 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

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 () (2022)

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

Latest Data

Trade between Libya () and Romania ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Libya - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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