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Pricing

2022
Flag → Flag
Exports $284MRnk 122 / 219
2022
Flag → Flag
Top Product $119MCars
2022
Flag → Flag
Exports $2.24BRnk 7 / 79
2022
Flag → Flag
Top Product $2.24BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
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GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
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GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

United States-Libya Trade: In 2022, United States exported $284M to Libya. The main products that United States exported to Libya were Cars ($119M), Other Nuts ($18.2M), and Electric Generating Sets ($16.3M). Over the past 5 years the exports of United States to Libya have increased at an annualized rate of 16.6%, from $132M in 2017 to $284M in 2022.

In 2022, United States did not export any services to Libya.

Libya-United States Trade: In 2022, Libya exported $2.24B to United States. The main products that Libya exported to United States were Crude Petroleum ($2.24B), Refined Petroleum ($4.92M), and Collector's Items ($247k). Over the past 5 years the exports of Libya to United States have increased at an annualized rate of 24.6%,  from $746M in 2017 to $2.24B in 2022.

In 2022, Libya did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

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

August, 2024

About

Overview In August 2024, United States exported $50.8M and imported $154M from Libya, resulting in a negative trade balance of $103M. Between August 2023 and August 2024 the exports of United States have increased by $17M (50.5%) from $33.8M to $50.8M, while imports decreased by $-9.57M (-5.85%) from $164M to $154M.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from Texas ($15.6M), California ($7.45M), Georgia ($7.12M), New Jersey ($4.46M), and New York ($3.82M), while imports destinations were mainly New Jersey ($154M), California ($325k), New York ($5.09k), and Florida ($5.07k).

Growth In August 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 ($1.46M or 3.11k%). In August 2024, the decrease in United States's year-by-year imports  from Libya was explained primarily by an decrease in product imports  in Crude Petroleum ($-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 (August 2023 - August 2024)$17M(50.5%)
IMPORT GROWTH (August 2023 - August 2024)$-9.57M(-5.85%)
MAIN EXPORTER (August 2024)Texas$15.6M

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 2022, United States exported $284M to Libya. The main products exported from United States to Libya were Cars ($119M), Other Nuts ($18.2M), and Electric Generating Sets ($16.3M). During the last 5 years the exports of United States to Libya have increased at an annualized rate of 16.6%, from $132M in 2017 to $284M in 2022.

In 2017, Libya exported $2.24B to United States. The main products exported from Libya to United States were Crude Petroleum ($2.24B), Refined Petroleum ($4.92M), and Collector's Items ($247k). During the last 5 years the exports of Libya to United States have increased at an annualized rate of 24.6%, from $746M in 2022 to $2.24B in 2017.

Exports from United States (Flag) to Libya (Flag) (2022)

Exports from Libya (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Libya
Top DestinationItaly$9.26B

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 2022, countries that imported more from United States than Libya included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, no countries were registered that imported more from Libya than from United States.

Difference in imports from Libya (Flag) and United States (Flag) (2022)

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 2022, United States had a large net trade with Libya in the exports of Transportation ($133M), Machines ($53.6M), and Vegetable Products ($24.9M).

During 2017, Libya had a large net trade with United States in the exports of Mineral Products ($2.24B), Arts and Antiques ($251k), and Plastics and Rubbers ($60.2k).

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) (2022)

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