2023
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GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP
$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
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GDP GROWTH
-40.2%CURRENT US$
Rnk 194 / 195
2023
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GDP PC 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC
$6,173CURRENT US$
Rnk 112 / 196
2013-2023
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GDP PC GROWTH
-48.4%CURRENT US$
Rnk 193 / 195

About

Russia-Libya Trade: In 2021, Russia exported $332M to Libya. The main products that Russia exported to Libya were N/A. Over the past 5 years the exports of Russia to Libya have increased at an annualized rate of 37.4%, from $67.7M in 2016 to $332M in 2021.

In 2020, Russia exported services to Libya worth $358k, with Other business services ($161k), Transportation ($95k), and Communications services ($54k) being the largest in terms of value.

Libya-Russia Trade: In 2021, Libya exported $531 to Russia. The main products that Libya exported to Russia were N/A. Over the past 5 years the exports of Libya to Russia have increased at an annualized rate of 75.4%,  from $32 in 2016 to $531 in 2021.

In 2021, Libya did not export any services to Russia.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $332M to Libya. There were not main exports from Russia to Libya in 2021. During the last 5 years the exports of Russia to Libya have increased at an annualized rate of 37.4%, from $67.7M in 2016 to $332M in 2021.

In 2016, Libya exported $531 to Russia. There were not main exports from Libya to Russia in 2016. During the last 5 years the exports of Libya to Russia have increased at an annualized rate of 75.4%, from $32 in 2021 to $531 in 2016.

Exports from Russia (Flag) to Libya (Flag) (2021)

Exports from Libya (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top Destination
China$129B
Libya
Top Destination
Italy$7.96B

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

In 2023, countries that imported more from Russia than Libya included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Libya than Russia included Italy ($7.96B), United Kingdom ($1.59B), and Germany ($5.16B).

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

Comparative Advantage Russia - Libya

Flow
Scale

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

During 2021, Russia had a large net trade with Libya in the exports of .

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Libya+$10.8kRefined Petroleum
Top Product Potential Libya Russia+$5.18kCrude 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 Russia and Libya. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Russia.

Product Space of Russia (Flag) and Libya (Flag) (2021)

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