Libya (LBY) and Turkey (TUR) Trade | The Observatory of Economic Complexity

About

Libya-Turkey Trade: In 2022, Libya exported $711M to Turkey. The main products that Libya exported to Turkey were Scrap Iron ($205M), Scrap Copper ($139M), and Gold ($136M). Over the past 5 years the exports of Libya to Turkey have increased at an annualized rate of 20.2%, from $283M in 2017 to $711M in 2022.

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

Turkey-Libya Trade: In 2022, Turkey exported $2.84B to Libya. The main products that Turkey exported to Libya were Jewellery ($383M), Other Furniture ($130M), and Seed Oils ($121M). Over the past 5 years the exports of Turkey to Libya have increased at an annualized rate of 26.1%, from $890M in 2017 to $2.84B in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $711M to Turkey. The main products exported from Libya to Turkey were Scrap Iron ($205M), Scrap Copper ($139M), and Gold ($136M). During the last 5 years the exports of Libya to Turkey have increased at an annualized rate of 20.2%, from $283M in 2017 to $711M in 2022.

In 2017, Turkey exported $2.84B to Libya. The main products exported from Turkey to Libya were Jewellery ($383M), Other Furniture ($130M), and Seed Oils ($121M). During the last 5 years the exports of Turkey to Libya have increased at an annualized rate of 26.1%, from $890M in 2022 to $2.84B in 2017.

Exports from Libya () to Turkey () (2022)

Exports from Turkey () to Libya () (2022)

Latest Data

Trade between Libya () and Turkey ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Libya than Turkey included Thailand ($1.67B).

In 2022, countries that imported more from Turkey than Libya included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Libya - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Turkey in the exports of Metals ($473M), Precious Metals ($138M), and Mineral Products ($45M).

During 2017, Turkey had a large net trade with Libya in the exports of Precious Metals ($384M), Textiles ($371M), and Machines ($330M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Turkey+$36MGold

Top Product Potential Turkey Libya+$37.5MRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Turkey () (2022)

Exports from Turkey () to Libya () (2022)

Latest Data

Trade between Libya () and Turkey ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Libya - Turkey

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring