NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.85MRnk 138 / 205
2023
Flag → Flag
Top Product $846kRubberworking Machinery
2023
Flag → Flag
Exports $26.8kRnk 63 / 89
2023
Flag → Flag
Top Product $14.5kOther Furniture
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$6,173CURRENT US$
Rnk 112 / 196
2013-2023
Flag
GDP PC GROWTH-48.4%CURRENT US$
Rnk 193 / 195

About

Norway-Libya Trade: In 2023, Norway exported $2.85M to Libya. The main products that Norway exported to Libya were Rubberworking Machinery ($846k), Navigation Equipment ($516k), and Broadcasting Equipment ($411k). Over the past 5 years the exports of Norway to Libya have increased at an annualized rate of 35.8%, from $616k in 2018 to $2.85M in 2023.

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

Libya-Norway Trade: In 2023, Libya exported $26.8k to Norway. The main products that Libya exported to Norway were Other Furniture ($14.5k), Refrigerators ($10.6k), and Other Electrical Machinery ($506). Over the past 5 years the exports of Libya to Norway have decreased at an annualized rate of 70.3%,  from $11.5M in 2018 to $26.8k in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK267k and imported NOK41k from Libya, resulting in a positive trade balance of NOK226k. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-10.1M (-97.4%) from NOK10.4M to NOK267k, while imports increased by NOK41k (N/A%) from NOK0 to NOK41k.

Trade In December 2024, the top exports of Norway to Libya were Prefabricated buildings; sanitary, plumbing, heating and... (NOK850k), Articles of apparel and clothing accessories (NOK54k), Machinery specialized for particular industries (NOK23k), Miscellaneous manufactured articles, n.e.s. (NOK11k), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK4k). In December 2024 the top imports of Norway from Libya were Furniture, and parts thereof; bedding, mattresses,... (NOK5k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0).

Growth In December 2024, the decrease in Norway's year-by-year exports to Libya was explained primarily by an decrease in product exports in . In December 2024, the increase in Norway's year-by-year imports  from Libya was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-10.1M(-97.4%)
IMPORT GROWTH (December 2023 - December 2024)NOK41k(N/A%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Libya and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Libya and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $2.85M to Libya. The main products exported from Norway to Libya were Rubberworking Machinery ($846k), Navigation Equipment ($516k), and Broadcasting Equipment ($411k). During the last 5 years the exports of Norway to Libya have increased at an annualized rate of 35.8%, from $616k in 2018 to $2.85M in 2023.

In 2018, Libya exported $26.8k to Norway. The main products exported from Libya to Norway were Other Furniture ($14.5k), Refrigerators ($10.6k), and Other Electrical Machinery ($506). During the last 5 years the exports of Libya to Norway have decreased at an annualized rate of 70.3%, from $11.5M in 2023 to $26.8k in 2018.

Exports from Norway (Flag) to Libya (Flag) (2023)

Exports from Libya (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Norway than Libya included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

In 2023, countries that imported more from Libya than Norway included Italy ($7.96B), Greece ($2.2B), and United Arab Emirates ($1.85B).

Difference in imports from Libya (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Libya

Flow
Scale

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

During 2023, Norway had a large net trade with Libya in the exports of Machines ($2.48M), Instruments ($109k), and Metals ($98.3k).

During 2018, Libya had a large net trade with Norway in the exports of Miscellaneous ($14.5k), Machines ($11.1k), and Textiles ($848).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Libya+$240kValves
Top Product Potential Libya Norway+$9.95MCrude 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

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

Product Space of Norway (Flag) and Libya (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms