[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · LBY · 2024
Libya trade profile
In 2024, Libya recorded $29.6B in merchandise exports and $23.1B in imports, producing a $6.5B trade surplus. Exports changed -10.0% from the previous year, while imports changed +1.9%.[1]
Exports
$29.6B
-10.0%
Imports
$23.1B
+1.9%
Trade balance
$6.5B
surplus
Active partners
270
15 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$27.7B
HS 27 · Mineral fuels and oils
32 active HS6 lines · 51 export partners
2$980.3M
HS 71 · Precious metals and stones
23 active HS6 lines · 16 export partners
3$372.8M
HS 72 · HS chapter
154 active HS6 lines · 27 export partners
4$183.2M
HS 29 · Organic chemicals
332 active HS6 lines · 24 export partners
5$111.1M
HS 28 · HS chapter
122 active HS6 lines · 8 export partners
6$94.3M
HS 74 · HS chapter
43 active HS6 lines · 14 export partners
7$54.7M
HS 76 · HS chapter
35 active HS6 lines · 22 export partners
8$28.8M
HS 03 · HS chapter
75 active HS6 lines · 11 export partners
Leading export markets
Destinations rank bilateral export flows from Libya; growth describes each corridor rather than the whole economy.
1$7.7B
Italy
Annual change -13.9% · 3-year CAGR -3.7%
2$3.6B
China
Annual change -19.3% · 3-year CAGR -8.7%
3$3.0B
Spain
Annual change -13.8% · 3-year CAGR -5.1%
4$2.5B
Germany
Annual change -13.2% · 3-year CAGR 6.9%
5$1.9B
France
Annual change -15.5% · 3-year CAGR 0.2%
6$1.7B
United Kingdom
Annual change +64.5% · 3-year CAGR 20.1%
7$1.7B
Greece
Annual change +16.8% · 3-year CAGR 24.0%
8$1.2B
United Arab Emirates
Annual change -8.2% · 3-year CAGR 1.3%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.