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2021
Exports $10.7MWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2021
Imports $280MWorld Rnk 35 / 130
Flag Rnk 6 / 1070
2022
ECONOMIC COMPLEXITY of Libya-0.84Rnk 104 / 133

About

Imports In 2022, Libya imported $280M in Iron Ore, becoming the 35th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 6th most imported product in Libya. Libya imports Iron Ore primarily from: Oman ($136M), Brazil ($92.5M), and Bahrain ($52.3M).

The fastest growing import markets in Iron Ore for Libya between 2021 and 2022 were Oman ($136M) and Bahrain ($12.4M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$10.7M
IMPORTS (2022)$280M
NET TRADE (2022)-$280M

In 2022, Libya imported $280M in Iron Ore, mainly from Oman ($136M), Brazil ($92.5M), and Bahrain ($52.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Libya WERE (N/A - 2021):
Indonesia-$7.34M (-100%)
China-$3.34M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Libya's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Libya's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.2k
TOP IMPORT POTENTIALBrazil+ $2.05M

Iron Ore’s highest export potential is China. With an export gap of $1.2k.   Iron Ore’s highest import potential is Brazil with an import gap of $2.05M.

See methodology.

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