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2023
Flag → Flag
Exports $47.4MRnk 75 / 211
2023
Flag → Flag
Top Product $15.1MPackaged Medicaments
2023
Flag → Flag
Exports $2.37MRnk 37 / 89
2023
Flag → Flag
Top Product $2.17MIron Reductions
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 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

Portugal-Libya Trade: In 2023, Portugal exported $47.4M to Libya. The main products that Portugal exported to Libya were Packaged Medicaments ($15.1M), Apples and Pears ($4.88M), and Eggs ($4.48M). Over the past 5 years the exports of Portugal to Libya have increased at an annualized rate of 7.75%, from $32.6M in 2018 to $47.4M in 2023.

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

Libya-Portugal Trade: In 2023, Libya exported $2.37M to Portugal. The main products that Libya exported to Portugal were Iron Reductions ($2.17M), Processed Fish ($133k), and Inedible Fats and Oils ($55.7k). Over the past 5 years the exports of Libya to Portugal have decreased at an annualized rate of 6.92%,  from $3.38M in 2018 to $2.37M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). 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, Portugal exported €8.41M and imported €4.52M from Libya, resulting in a positive trade balance of €3.88M. Between December 2023 and December 2024 the exports of Portugal have increased by €6.28M (295%) from €2.13M to €8.41M, while imports increased by €4.52M (N/A%) from €0 to €4.52M.

Trade In December 2024, the top exports of Portugal to Libya were Preparations of fish, crustacenas, & molluscs (€587k), Edible fruits, nuts & fruit peels (€536k), Plastics & articles thereof (€515k), Miscellaneous edible preparations (€431k), and Edible products of animal origin, n.e.s. (€186k). In December 2024 the top imports of Portugal from Libya were Plastics & articles thereof (€93), Live animals (€0), Meat & edible offal (€0), Fish, Crustaceans & Molluscs (€0), and Edible products of animal origin, n.e.s. (€0).

Growth In December 2024, the increase in Portugal's year-by-year exports to Libya was explained primarily by an increase in product exports in Cocoa & cocoa preparations (€142k or 752%), Coffee, tea, mate & spices (€14.6k or 65.4%), and Beverages, spirits, & vinegar (€3.31k or 140%). In December 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 (December 2023 - December 2024)€6.28M(295%)
IMPORT GROWTH (December 2023 - December 2024)€4.52M(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 2023, Portugal exported $47.4M to Libya. The main products exported from Portugal to Libya were Packaged Medicaments ($15.1M), Apples and Pears ($4.88M), and Eggs ($4.48M). During the last 5 years the exports of Portugal to Libya have increased at an annualized rate of 7.75%, from $32.6M in 2018 to $47.4M in 2023.

In 2018, Libya exported $2.37M to Portugal. The main products exported from Libya to Portugal were Iron Reductions ($2.17M), Processed Fish ($133k), and Inedible Fats and Oils ($55.7k). During the last 5 years the exports of Libya to Portugal have decreased at an annualized rate of 6.92%, from $3.38M in 2023 to $2.37M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Libya
Top DestinationItaly$7.96B

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 2023, countries that imported more from Portugal than Libya included Spain ($17.7B), France ($9.19B), and United States ($6.41B).

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

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

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 2023, Portugal had a large net trade with Libya in the exports of Chemical Products ($15.7M), Foodstuffs ($9.32M), and Animal Products ($5.92M).

During 2018, Libya had a large net trade with Portugal in the exports of Metals ($2.17M), Foodstuffs ($133k), and Animal and Vegetable Bi-Products ($55.7k).

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) (2023)

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