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2023
Flag → Flag
Exports $425MRnk 111 / 220
2023
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Top Product $198MCars
2023
Flag → Flag
Exports $1.57BRnk 9 / 89
2023
Flag → Flag
Top Product $1.57BCrude Petroleum
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 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 $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 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

United States-Libya Trade: In 2023, United States exported $425M to Libya. The main products that United States exported to Libya were Cars ($198M), Other Nuts ($39.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($23.5M). Over the past 5 years the exports of United States to Libya have increased at an annualized rate of 11.7%, from $245M in 2018 to $425M in 2023.

In 2023, United States did not export any services to Libya.

Libya-United States Trade: In 2023, Libya exported $1.57B to United States. The main products that Libya exported to United States were Crude Petroleum ($1.57B), Collector's Items ($319k), and Other Agricultural Machinery ($14.3k). Over the past 5 years the exports of Libya to United States have increased at an annualized rate of 3.22%,  from $975M in 2018 to $1.57B in 2023.

In 2023, Libya did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Company data: In 2023, leading companies such as Wistron (79) and Stanley Black & Decker (3) were at the forefront of exporting goods from Libya to the United States. Conversely, Wistron Infocomm (vietnam) Co., Ltd (74), Wistron Infocomm Vietnam Co Ltd (5), and Other (3) were notable for importing products to Libya from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $65.7M and imported $84.3M from Libya, resulting in a negative trade balance of $18.6M. Between November 2023 and November 2024 the exports of United States have increased by $15.2M (30.2%) from $50.5M to $65.7M, while imports decreased by $-87.6M (-51%) from $172M to $84.3M.

Trade In November 2024, the top exports of United States to Libya were Cars ($11.9M), Other Nuts ($3.46M), Processed Tomatoes ($1.67M), Medical Instruments ($1.51M), and Ethylene Polymers ($1.31M). In November 2024 the top imports of United States from Libya were Crude Petroleum ($176M), Collector's Items ($2.4k), Commodities not elsewhere specified ($1.67k), Refined Petroleum ($0), and Petroleum Gas ($0).

Origins In November 2024 the exports of United States were mainly from Texas ($13.8M), California ($13.3M), Georgia ($8.23M), Pennsylvania ($6.51M), and Oklahoma ($5.81M), while imports destinations were mainly New Jersey ($84.3M), Wisconsin ($22.4k), Florida ($18.1k), Maryland ($5.24k), and Texas ($2.45k).

Growth In November 2024, the increase in United States's year-by-year exports to Libya was explained primarily by an increase in product exports in Cars ($5.5M or 86.1%), Other Nuts ($2.92M or 538%), and Medical Instruments ($1.46M or 3.11k%). In November 2024, the decrease in United States's year-by-year imports  from Libya was explained primarily by an decrease in product imports  in Crude Petroleum ($-42.9M or -19.6%), Commodities not elsewhere specified ($-1.82M or -99.9%), and Refined Petroleum ($-1.65M or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$15.2M(30.2%)
IMPORT GROWTH (November 2023 - November 2024)$-87.6M(-51%)
MAIN EXPORTER (November 2024)Texas$13.8M

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

To check Libya and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Libya and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $425M to Libya. The main products exported from United States to Libya were Cars ($198M), Other Nuts ($39.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($23.5M). During the last 5 years the exports of United States to Libya have increased at an annualized rate of 11.7%, from $245M in 2018 to $425M in 2023.

In 2018, Libya exported $1.57B to United States. The main products exported from Libya to United States were Crude Petroleum ($1.57B), Collector's Items ($319k), and Other Agricultural Machinery ($14.3k). During the last 5 years the exports of Libya to United States have increased at an annualized rate of 3.22%, from $975M in 2023 to $1.57B in 2018.

Exports from United States (Flag) to Libya (Flag) (2023)

Exports from Libya (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from United States than Libya included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Libya than United States included Greece ($2.2B).

Difference in imports from Libya (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Libya

Flow
Scale

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

During 2023, United States had a large net trade with Libya in the exports of Transportation ($229M), Machines ($57.2M), and Vegetable Products ($48.4M).

During 2018, Libya had a large net trade with United States in the exports of Mineral Products ($1.57B), Arts and Antiques ($319k), and Machines ($30.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Libya+$23.9MCars
Top Product Potential Libya United States+$1.05BCrude 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 United States and Libya. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Libya (Flag) (2023)

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