2023
Exports
$231MWorld Rnk 8 / 99
Flag Rnk 6 / 459
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$189World Rnk 137 / 142
Flag Rnk 1053 / 1069
2023
ECONOMIC COMPLEXITY of Libya
-0.84Rnk 102 / 132

About

Exports In 2023, Libya exported $231M in Iron Reductions, making it the 8th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 6th most exported product in Libya. The main destination of Iron Reductions exports from Libya are: Turkey ($49.3M), Germany ($36.4M), Egypt ($33.5M), Italy ($30.5M), and India ($18.6M).

The fastest growing export markets for Iron Reductions of Libya between 2022 and 2023 were Turkey ($18.6M), India ($18.6M), and Germany ($16M).

Imports In 2023, Libya imported $189 in Iron Reductions, becoming the 137th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1053rd most imported product in Libya. Libya imports Iron Reductions primarily from: Pakistan ($189).

The fastest growing import markets in Iron Reductions for Libya between 2022 and 2023 were Pakistan ($189).

Latest Trends

Dec 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 Reductions. 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 (2023)$231M
IMPORTS (2023)$189
NET TRADE (2023)$231M

In 2023, Libya exported $231M in Iron Reductions. The main destinations of Libya exports on Iron Reductions were Turkey ($49.3M), Germany ($36.4M), Egypt ($33.5M), Italy ($30.5M), and India ($18.6M).

In 2023, Libya imported $189 in Iron Reductions, mainly from Pakistan ($189).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Libya WERE (2022 - 2023):
Turkey$18.6M (60.8%)
India$18.6M (1%)
Germany$16M (78.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Libya WERE (2022 - 2023):
Egypt-$18.6M (-35.7%)
Italy-$16.3M (-34.8%)
Morocco-$5.79M (-32.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Libya's main exporting competitors in Iron Reductions were:
In 2023, Libya's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.11M
TOP IMPORT POTENTIALItaly+ $1.79k

Iron Reductions’s highest export potential is Germany. With an export gap of $5.11M.   Iron Reductions’s highest import potential is Italy with an import gap of $1.79k.

See methodology.

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