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06-11-2023
Imports
Libya's imports amounted to USD 4.11 Billion in 2022. The total revenue of Libya's export sales in 2022 increased by 19.57% compared to $3.44 Billion in 2021.
Libya's main trading partners
1. China (15.6%, 2.45 billion US$)
2. Turkey (13.2%, 2.06 billion US$)
3. Italy (8.88%, 1.39 billion US$)
4. United Arab Emirates (8.64%, 1.35 billion US$)
5. Egypt (5.3%, 830 million US$)
6. Korea (4.03%, 631 million US$)
7. Netherlands (3.8%, 595 million US$)
8. Tunisia (3.43%, 538 million US$)
9. Germany (3.21%, 503 million US$)
10. Spain (2.98%, 468 million US$)
Libya's top ten exports
- 27: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (13.1%, 2.05 billion US$)
- 85: Electrical machinery and equipment and parts(9.62%, 1.5 billion US$)
- 87: Vehicles, parts and accessories(9.4%, 1.47 billion US$)
- 84: Nuclear reactors, boilers, machinery and mechanical appliances(7.03%, 1.1 billion US$)
- 10: Cereals (3.8%, 595 million US$)
- 24: Tobacco and manufactured tobacco substitutes (2.95%, 463 million US$)
- 39: Plastics and articles (2.93%, 460 million US$)
- 94: Furniture (2.72%, 426 million US$)
- 30: Pharmaceutical products (2.49%, 390 million US$)
- 61: Articles of apparel and clothing accessories, knitted or crocheted(2.25%, 353 million US$)
Exports
Libya's exports to the world in 2022 are valued at $39.5 billion. Compared to $33 billion in 2021, Libya's total export sales revenue in 2022 increased by 19.6%.
Libya's top 3 most valuable exports are crude oil, liquefied petroleum gas (LPG) and then processed oil. Together, these three lucrative energy products account for 93.3% of Libya's total exports in the global market.
Libya's main trading partners
The latest country-specific data show that Libya's exports were mainly purchased by importers in Italy (33.2% of Libya's global total), mainland China (22.5%), Spain (11.6%), France (5%). , the United Arab Emirates (4.1%), the United States of America (2.7%), Denmark (2.5%), Greece (2.4%), the Netherlands (2.3%), Australia (1.9%), Thailand (1.7%) and Turkey (1.6%).
Libya's top 10 exports
1. mineral fuels including oil: $38.1 billion (96.4% of total exports)
2. Iron and steel: $549.9 million (1.4%)
3. Inorganic chemicals: $195.1 million (0.5%)
4. Copper: $153.6 million (0.4%)
5. Gems, precious metals: $138.2 million (0.3%)
6. Fertilizer: $113.0 million (0.3%)
7. Aluminum: $89.7 million (0.2%)
8. Ships, boats: $60.1 million (0.15%)
9. Fish: $42 million (0.11%)
10. salt, sulfur, stone, cement: $19.9 million (0.05%)
Libya's top 10 export commodities accounted for 99.8% of its total global exports.
Ships are the fastest growing of the top 10 export categories, growing by 38,897% from 2021 to 2022. The second highest improvement in export sales was for inorganic chemicals, which grew by 132.1%. Libya's fish exports grew the third fastest, by 64.1%.
The biggest drop in Libya's top 10 export categories was Gemstones and Precious Metals, down -41.9% year-on-year.
Crude oil represents Libya's most valuable export in terms of 4-digit HS code, accounting for 82.5% of the country's total exports. In second place was LPG (8.5%), followed by processed petroleum (2%), iron or steel scrap (0.7%), ammonia (0.5%), iron ore reduction products (also 0.5%), copper scrap (0.4%), unwrought gold (0.3%), nitrogenous fertilizers (also 0.3%), and then aluminum scrap (0.2%).
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