Libya (LBY) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Libya-Chinese Taipei Trade: In 2022, Libya exported $90.1k to Chinese Taipei. The main products that Libya exported to Chinese Taipei were Scrap Iron ($48.6k), Fish Fillets ($39.3k), and Precious Stones ($2.18k). Over the past 5 years the exports of Libya to Chinese Taipei have decreased at an annualized rate of 46.4%, from $2.03M in 2017 to $90.1k in 2022.

In 2022, Libya did not export any services to Chinese Taipei.

Chinese Taipei-Libya Trade: In 2022, Chinese Taipei exported $14.8M to Libya. The main products that Chinese Taipei exported to Libya were Motor vehicles; parts and accessories (8701 to 8705) ($6.72M), Electrical Lighting and Signalling Equipment ($1.36M), and Iron Fasteners ($687k). Over the past 5 years the exports of Chinese Taipei to Libya have increased at an annualized rate of 4%, from $12.2M in 2017 to $14.8M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $90.1k to Chinese Taipei. The main products exported from Libya to Chinese Taipei were Scrap Iron ($48.6k), Fish Fillets ($39.3k), and Precious Stones ($2.18k). During the last 5 years the exports of Libya to Chinese Taipei have decreased at an annualized rate of 46.4%, from $2.03M in 2017 to $90.1k in 2022.

In 2017, Chinese Taipei exported $14.8M to Libya. The main products exported from Chinese Taipei to Libya were Motor vehicles; parts and accessories (8701 to 8705) ($6.72M), Electrical Lighting and Signalling Equipment ($1.36M), and Iron Fasteners ($687k). During the last 5 years the exports of Chinese Taipei to Libya have increased at an annualized rate of 4%, from $12.2M in 2022 to $14.8M in 2017.

Exports from Libya () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Libya () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Libya than Chinese Taipei included Italy ($9.26B), Greece ($2.25B), and Spain ($3.48B).

In 2022, countries that imported more from Chinese Taipei than Libya included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei () and Libya () (2022)

Comparative Advantage Libya - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Chinese Taipei in the exports of Metals ($48.6k), Animal Products ($39.3k), and Precious Metals ($2.18k).

During 2017, Chinese Taipei had a large net trade with Libya in the exports of Transportation ($6.83M), Machines ($3.42M), and Metals ($2.14M).

Potential Exports

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Libya () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Libya () (2022)

Comparative Advantage Libya - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Chinese Taipei () (2022)

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