Libya (LBY) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Libya-Venezuela Trade: In 2013, Libya exported $8.31k to Venezuela. The main products that Libya exported to Venezuela were N/A. Over the past 10 years the exports of Libya to Venezuela have decreased at an annualized rate of 1.94%, from $10.1k in 2003 to $8.31k in 2013.

In 2013, Libya did not export any services to Venezuela.

Venezuela-Libya Trade: In 2013, Venezuela exported $1.05M to Libya. The main products that Venezuela exported to Libya were N/A. Over the past 10 years the exports of Venezuela to Libya have increased at an annualized rate of 347%, from $588 in 2003 to $1.05M in 2013.

In 2013, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2013, Libya exported $8.31k to Venezuela. There were not main exports from Libya to Venezuela in 2013. During the last 10 years the exports of Libya to Venezuela have decreased at an annualized rate of 1.94%, from $10.1k in 2003 to $8.31k in 2013.

In 2005, Venezuela exported $1.05M to Libya. There were not main exports from Venezuela to Libya in 2005. During the last 5 years the exports of Venezuela to Libya have increased at an annualized rate of 347%, from $588 in 2010 to $1.05M in 2005.

Exports from Libya () to Venezuela () (2013)

Exports from Venezuela () to Libya () (2013)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Libya than Venezuela included Italy ($9.26B), Germany ($3.32B), and Spain ($3.48B).

In 2022, countries that imported more from Venezuela than Libya included Brazil ($361M), Poland ($101M), and Colombia ($99.8M).

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

Comparative Advantage Libya - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2013, Libya had a large net trade with Venezuela in the exports of .

During 2005, Venezuela had a large net trade with Libya in the exports of .

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Venezuela () (2013)

Exports from Venezuela () to Libya () (2013)

Market Competitiveness

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

Comparative Advantage Libya - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Venezuela () (2013)

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