Libya (LBY) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Libya-Thailand Trade: In 2023, Libya exported $1.26B to Thailand. The main products that Libya exported to Thailand were Crude Petroleum ($1.26B), Scrap Aluminium ($272k), and Scrap Iron ($10.7k). Over the past 5 years the exports of Libya to Thailand have increased at an annualized rate of 34.9%, from $282M in 2018 to $1.26B in 2023.

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

Thailand-Libya Trade: In 2023, Thailand exported $261M to Libya. The main products that Thailand exported to Libya were Processed Fish ($150M), Delivery Trucks ($37.6M), and Cars ($23.1M). Over the past 5 years the exports of Thailand to Libya have increased at an annualized rate of 14.8%, from $131M in 2018 to $261M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Libya exported $1.26B to Thailand. The main products exported from Libya to Thailand were Crude Petroleum ($1.26B), Scrap Aluminium ($272k), and Scrap Iron ($10.7k). During the last 5 years the exports of Libya to Thailand have increased at an annualized rate of 34.9%, from $282M in 2018 to $1.26B in 2023.

In 2018, Thailand exported $261M to Libya. The main products exported from Thailand to Libya were Processed Fish ($150M), Delivery Trucks ($37.6M), and Cars ($23.1M). During the last 5 years the exports of Thailand to Libya have increased at an annualized rate of 14.8%, from $131M in 2023 to $261M in 2018.

Exports from Libya () to Thailand () (2023)

Exports from Thailand () to Libya () (2023)

Latest Data

Trade between Libya () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$7.96B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Libya than Thailand included Italy ($7.96B), Greece ($2.2B), and Spain ($3.08B).

In 2023, countries that imported more from Thailand than Libya included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Libya - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Libya had a large net trade with Thailand in the exports of Mineral Products ($1.26B), Metals ($283k), and Transportation ($770).

During 2018, Thailand had a large net trade with Libya in the exports of Foodstuffs ($169M), Transportation ($64.7M), and Plastics and Rubbers ($9.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Thailand+$352kScrap Aluminium

Top Product Potential Thailand Libya+$9.53MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Thailand () (2023)

Exports from Thailand () to Libya () (2023)

Latest Data

Trade between Libya () and Thailand ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Libya - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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