Libya (LBY)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Libya - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | Italy (ITA) | 33.2% $9.73B | 8.9% $1.39B | 24.7% $11.12B |
| 2 | China (CHN) | 22.5% $6.58B | 15.7% $2.45B | 20.1% $9.03B |
| 3 | Spain (ESP) | 11.6% $3.41B | 3.0% $468.33M | 8.6% $3.88B |
| 4 | United Arab Emirates (ARE) | 4.1% $1.21B | 8.6% $1.35B | 5.7% $2.57B |
| 5 | Türkiye (TUR) | 1.6% $480.88M | 13.2% $2.07B | 5.7% $2.55B |
| 6 | France (FRA) | 5.0% $1.47B | 1.3% $209.96M | 3.7% $1.68B |
| 7 | Netherlands (NLD) | 2.3% $661.61M | 3.8% $595.29M | 2.8% $1.26B |
| 8 | USA (USA) | 2.7% $776.64M | 2.6% $413.39M | 2.6% $1.19B |
| 9 | Greece (GRC) | 2.4% $693.56M | 2.9% $451.37M | 2.5% $1.14B |
| 10 | Germany (DEU) | 1.4% $411.30M | 3.2% $503.14M | 2.0% $914.44M |
- Libya's total international trade in 2024 amounted to $44.9B, ranking it #172 globally.
- The country's exports reached $29.3B, resulting in a positive trade balance of $13.6B.
- Mineral fuels (HS2 27) were the dominant export, constituting 94.4% of total exports with a value of $27.6B.
- Libya's primary export destinations were Italy, which received 33.2% of exports, and China, which received 22.5%.
- Total imports were valued at $15.7B, with China ($2.5B) and Türkiye ($2.1B) as the top sources.
- The leading import categories were Mineral fuels (HS2 27) at $2.1B and Electrical machinery (HS2 85) at $1.5B.
Libya Exports Overview (2024)
In 2024, Libya's export economy was valued at $29.3B. The export profile is highly concentrated, with the top product category, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes, accounting for $27.6B (94.4%) of all exports. The second-largest export category was Natural, cultured pearls; precious, semi-precious stones, valued at $1.2B. Geographically, Libyan exports were primarily directed towards Italy, with a total value of $9.7B, making up 33.2% of the export market. Other major partners included China, which received $6.6B in goods, and Spain, with $3.4B.
Libya Imports Overview (2024)
Libya's imports in 2024 totaled $15.7B. The country's leading import partner was China, providing goods worth $2.5B, which is a 15.7% share of total imports. Türkiye followed, with imports valued at $2.1B. The most significant imported product categories included Mineral fuels at $2.1B, Electrical machinery and equipment at $1.5B, and Vehicles; other than railway or tramway rolling stock at $1.5B, reflecting the nation's demand for energy, technology, and transportation.
Exports
Libya - exports over time (Exports), 2016-2019 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Libya - export composition by product categories (Exports), 2024 (USD)
Libya - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Libya - imports over time (Imports), 2016-2019 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.