Mexico (MEX) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Mexico-Libya Trade: In 2019, Mexico exported $73.5k to Libya. The main products that Mexico exported to Libya were N/A. Over the past 7 years the exports of Mexico to Libya have decreased at an annualized rate of 57.4%, from $28.7M in 2012 to $73.5k in 2019.

In 2019, Mexico did not export any services to Libya.

Libya-Mexico Trade: In 2019, Libya exported $6.8M to Mexico. The main products that Libya exported to Mexico were N/A. Over the past 7 years the exports of Libya to Mexico have increased at an annualized rate of 566%, from $520 in 2012 to $6.8M in 2019.

In 2019, Libya did not export any services to Mexico.

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2019, Mexico exported $73.5k to Libya. There were not main exports from Mexico to Libya in 2019. During the last 7 years the exports of Mexico to Libya have decreased at an annualized rate of 57.4%, from $28.7M in 2012 to $73.5k in 2019.

In 2016, Libya exported $6.8M to Mexico. There were not main exports from Libya to Mexico in 2016. During the last 5 years the exports of Libya to Mexico have increased at an annualized rate of 566%, from $520 in 2021 to $6.8M in 2016.

Exports from Mexico () to Libya () (2021)

Exports from Libya () to Mexico () (2021)

Latest Data

Trade between Mexico () and Libya ()

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Mexico than Libya included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

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

Comparative Advantage Mexico - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Mexico had a large net trade with Libya in the exports of .

During 2016, Libya had a large net trade with Mexico in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Libya+$6.91kCars

Top Product Potential Libya Mexico+$8.42kPetroleum Gas

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

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Historical Data

Bilateral Trade by Products

Exports from Mexico () to Libya () (2021)

Exports from Libya () to Mexico () (2021)

Latest Data

Trade between Mexico () and Libya ()

Mexico Exports

Market Competitiveness

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

Comparative Advantage Mexico - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and Libya () (2021)

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