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Pricing

2022
Flag → Flag
Exports $35.9MRnk 80 / 208
2022
Flag → Flag
Top Product $7.86MPackaged Medicaments
2022
Flag → Flag
Exports $20.6MRnk 30 / 79
2022
Flag → Flag
Top Product $20.6MAmmonia
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Portugal-Libya Trade: In 2022, Portugal exported $35.9M to Libya. The main products that Portugal exported to Libya were Packaged Medicaments ($7.86M), Apples and Pears ($4.76M), and Processed Fish ($3.68M). Over the past 5 years the exports of Portugal to Libya have increased at an annualized rate of 13.6%, from $18.9M in 2017 to $35.9M in 2022.

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

Libya-Portugal Trade: In 2022, Libya exported $20.6M to Portugal. The main products that Libya exported to Portugal were Ammonia ($20.6M), Paper Containers ($112), and Non-Knit Active Wear ($61). Over the past 5 years the exports of Libya to Portugal have increased at an annualized rate of 119%,  from $411k in 2017 to $20.6M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €5.37M and imported €29.5M from Libya, resulting in a negative trade balance of €24.2M. Between September 2023 and September 2024 the exports of Portugal have increased by €2.37M (79.3%) from €3M to €5.37M, while imports increased by €29.5M (N/A%) from €0 to €29.5M.

Trade In September 2024, the top exports of Portugal to Libya were Pharmaceutical products (€3.77M), Edible fruits, nuts & fruit peels (€752k), Miscellaneous edible preparations (€636k), Edible products of animal origin, n.e.s. (€438k), and Machinery, mechanical appliances, & parts (€333k). In September 2024 the top imports of Portugal from Libya were Fertilizers (€4), Live animals (€0), Meat & edible offal (€0), Fish, Crustaceans & Molluscs (€0), and Edible products of animal origin, n.e.s. (€0).

Growth In September 2024, the increase in Portugal's year-by-year exports to Libya was explained primarily by an increase in product exports in Pharmaceutical products (€2.77M or 277%), Miscellaneous edible preparations (€361k or 131%), and Edible fruits, nuts & fruit peels (€245k or 48.4%). In September 2024, the increase in Portugal'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 (September 2023 - September 2024)€2.37M(79.3%)
IMPORT GROWTH (September 2023 - September 2024)€29.5M(N/A%)

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

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

For full datasets download visit Bulk Download page.

Explore Libya and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $35.9M to Libya. The main products exported from Portugal to Libya were Packaged Medicaments ($7.86M), Apples and Pears ($4.76M), and Processed Fish ($3.68M). During the last 5 years the exports of Portugal to Libya have increased at an annualized rate of 13.6%, from $18.9M in 2017 to $35.9M in 2022.

In 2017, Libya exported $20.6M to Portugal. The main products exported from Libya to Portugal were Ammonia ($20.6M), Paper Containers ($112), and Non-Knit Active Wear ($61). During the last 5 years the exports of Libya to Portugal have increased at an annualized rate of 119%, from $411k in 2022 to $20.6M in 2017.

Exports from Portugal (Flag) to Libya (Flag) (2022)

Exports from Libya (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Portugal than Libya included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Libya than Portugal included Italy ($9.26B), Greece ($2.25B), and China ($2.52B).

Difference in imports from Libya (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Libya

Flow
Scale

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

During 2022, Portugal had a large net trade with Libya in the exports of Chemical Products ($8.23M), Foodstuffs ($7.82M), and Machines ($5.57M).

During 2017, Libya had a large net trade with Portugal in the exports of Chemical Products ($20.6M), Paper Goods ($123), and Textiles ($61).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Libya+$2.16MPackaged Medicaments
Top Product Potential Libya Portugal+$13kCrude 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.

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Economic Complexity

Competitive Landscape

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

Product Space of Portugal (Flag) and Libya (Flag) (2022)

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