Saudi Arabia (SAU) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Libya Trade: In 2023, Saudi Arabia exported $159M to Libya. The main products that Saudi Arabia exported to Libya were Raw Sugar ($15.2M), Ethylene Polymers ($15M), and Unglazed Ceramics ($14.5M). Over the past 5 years the exports of Saudi Arabia to Libya have increased at an annualized rate of 6.48%, from $116M in 2018 to $159M in 2023.

In 2023, Saudi Arabia did not export any services to Libya.

Libya-Saudi Arabia Trade: In 2023, Libya exported $272k to Saudi Arabia. The main products that Libya exported to Saudi Arabia were Railway Cargo Containers ($267k), Other Domestic Electric Housewares ($2.94k), and Revolution Counters ($1.27k). Over the past 5 years the exports of Libya to Saudi Arabia have decreased at an annualized rate of 48.4%, from $7.42M in 2018 to $272k in 2023.

In 2023, Libya did not export any services to Saudi Arabia.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Saudi Arabia exported $159M to Libya. The main products exported from Saudi Arabia to Libya were Raw Sugar ($15.2M), Ethylene Polymers ($15M), and Unglazed Ceramics ($14.5M). During the last 5 years the exports of Saudi Arabia to Libya have increased at an annualized rate of 6.48%, from $116M in 2018 to $159M in 2023.

In 2018, Libya exported $272k to Saudi Arabia. The main products exported from Libya to Saudi Arabia were Railway Cargo Containers ($267k), Other Domestic Electric Housewares ($2.94k), and Revolution Counters ($1.27k). During the last 5 years the exports of Libya to Saudi Arabia have decreased at an annualized rate of 48.4%, from $7.42M in 2023 to $272k in 2018.

Exports from Saudi Arabia () to Libya () (2023)

Exports from Libya () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Libya ()

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Saudi Arabia than Libya included China ($64.4B), Japan ($34.7B), and India ($34.8B).

In 2023, countries that imported more from Libya than Saudi Arabia included Germany ($5.16B), Italy ($7.96B), and Greece ($2.2B).

Difference in imports from Libya () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Libya in the exports of Plastics and Rubbers ($43.1M), Foodstuffs ($32.7M), and Stone And Glass ($20.6M).

During 2018, Libya had a large net trade with Saudi Arabia in the exports of Transportation ($267k), Machines ($3.52k), and Instruments ($1.27k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Libya+$9.72kRefined Petroleum

Top Product Potential Libya Saudi Arabia+$8.27kCrude 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Libya () (2023)

Exports from Libya () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Libya ()

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Libya () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Libya () (2023)

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