2023
Exports
$879MWorld Rnk 67 / 214
Flag Rnk 3 / 459
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$4.57BWorld Rnk 49 / 226
Flag Rnk 1 / 1069
2023
ECONOMIC COMPLEXITY of Libya
-0.84Rnk 102 / 132

About

Exports In 2023, Libya exported $879M in Refined Petroleum, making it the 67th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Libya. The main destination of Refined Petroleum exports from Libya are: Spain ($127M), Italy ($113M), Lebanon ($104M), Singapore ($77.8M), and Greece ($72.2M).

The fastest growing export markets for Refined Petroleum of Libya between 2022 and 2023 were Lebanon ($72.2M), Morocco ($61.2M), and Greece ($53.1M).

Imports In 2023, Libya imported $4.57B in Refined Petroleum, becoming the 49th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Libya. Libya imports Refined Petroleum primarily from: Greece ($1.58B), Italy ($956M), Cyprus ($646M), Turkey ($536M), and Belgium ($250M).

The fastest growing import markets in Refined Petroleum for Libya between 2022 and 2023 were Cyprus ($629M), Turkey ($472M), and Romania ($64M).

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 Refined Petroleum. 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)$879M
IMPORTS (2023)$4.57B
NET TRADE (2023)-$3.69B

In 2023, Libya exported $879M in Refined Petroleum. The main destinations of Libya exports on Refined Petroleum were Spain ($127M), Italy ($113M), Lebanon ($104M), Singapore ($77.8M), and Greece ($72.2M).

In 2023, Libya imported $4.57B in Refined Petroleum, mainly from Greece ($1.58B), Italy ($956M), Cyprus ($646M), Turkey ($536M), and Belgium ($250M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Libya WERE (2022 - 2023):
Lebanon$72.2M (227%)
Morocco$61.2M (1%)
Greece$53.1M (278%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Libya WERE (2022 - 2023):
Tunisia-$67.8M (-51.2%)
Italy-$62.7M (-35.7%)
Turkey-$34.5M (-78.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Libya's main exporting competitors in Refined Petroleum were:
In 2023, Libya's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $71.5M
TOP IMPORT POTENTIALNetherlands+ $77.6M

Refined Petroleum’s highest export potential is Italy. With an export gap of $71.5M.   Refined Petroleum’s highest import potential is Netherlands with an import gap of $77.6M.

See methodology.

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