Libya (LBY) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Libya-Sweden Trade: In 2022, Libya exported $303M to Sweden. The main products that Libya exported to Sweden were Crude Petroleum ($293M), Refined Petroleum ($9.72M), and Tropical Fruits ($36.7k). Over the past 5 years the exports of Libya to Sweden have increased at an annualized rate of 20.6%, from $119M in 2017 to $303M in 2022.

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

Sweden-Libya Trade: In 2022, Sweden exported $29.5M to Libya. The main products that Sweden exported to Libya were Sawn Wood ($15.2M), Iron Structures ($4.75M), and Fork-Lifts ($2.56M). Over the past 5 years the exports of Sweden to Libya have decreased at an annualized rate of 5.77%, from $39.7M in 2017 to $29.5M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $303M to Sweden. The main products exported from Libya to Sweden were Crude Petroleum ($293M), Refined Petroleum ($9.72M), and Tropical Fruits ($36.7k). During the last 5 years the exports of Libya to Sweden have increased at an annualized rate of 20.6%, from $119M in 2017 to $303M in 2022.

In 2017, Sweden exported $29.5M to Libya. The main products exported from Sweden to Libya were Sawn Wood ($15.2M), Iron Structures ($4.75M), and Fork-Lifts ($2.56M). During the last 5 years the exports of Sweden to Libya have decreased at an annualized rate of 5.77%, from $39.7M in 2022 to $29.5M in 2017.

Exports from Libya () to Sweden () (2022)

Exports from Sweden () to Libya () (2022)

Latest Data

Trade between Libya () and Sweden ()

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Libya than Sweden included Italy ($9.26B), Greece ($2.25B), and Thailand ($1.67B).

In 2022, countries that imported more from Sweden than Libya included Norway ($18.7B), Germany ($19.2B), and United States ($17.8B).

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

Comparative Advantage Libya - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Sweden in the exports of Mineral Products ($303M), Vegetable Products ($36.7k), and Textiles ($20k).

During 2017, Sweden had a large net trade with Libya in the exports of Wood Products ($15.8M), Machines ($6.21M), and Metals ($4.95M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Sweden+$110MCrude Petroleum

Top Product Potential Sweden Libya+$861kTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Sweden () (2022)

Exports from Sweden () to Libya () (2022)

Latest Data

Trade between Libya () and Sweden ()

Sweden Exports

Market Competitiveness

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

Comparative Advantage Libya - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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