Libya (LBY) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Libya-Spain Trade: In 2022, Libya exported $3.48B to Spain. The main products that Libya exported to Spain were Crude Petroleum ($3.35B), Refined Petroleum ($110M), and Iron Reductions ($9.76M). Over the past 5 years the exports of Libya to Spain have increased at an annualized rate of 9.33%, from $2.23B in 2017 to $3.48B in 2022.

In 2022, Libya did not export any services to Spain.

Spain-Libya Trade: In 2022, Spain exported $429M to Libya. The main products that Spain exported to Libya were Refined Petroleum ($158M), Bovine ($35M), and Unglazed Ceramics ($27.9M). Over the past 5 years the exports of Spain to Libya have decreased at an annualized rate of 2.94%, from $596M in 2017 to $429M in 2022.

In 2022, Spain did not export any services to Libya.

Comparison: In 2022, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $3.48B to Spain. The main products exported from Libya to Spain were Crude Petroleum ($3.35B), Refined Petroleum ($110M), and Iron Reductions ($9.76M). During the last 5 years the exports of Libya to Spain have increased at an annualized rate of 9.33%, from $2.23B in 2017 to $3.48B in 2022.

In 2017, Spain exported $429M to Libya. The main products exported from Spain to Libya were Refined Petroleum ($158M), Bovine ($35M), and Unglazed Ceramics ($27.9M). During the last 5 years the exports of Spain to Libya have decreased at an annualized rate of 2.94%, from $596M in 2022 to $429M in 2017.

Exports from Libya () to Spain () (2022)

Exports from Spain () to Libya () (2022)

Latest Data

Trade between Libya () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Spain
Top DestinationFrance$65.2B

This map shows whether countries import more from Libya or Spain. Each country is colored based on the difference in imports they receive from Libya and Spain or the difference in the growth in imports.

In 2022, countries that imported more from Libya than Spain included Thailand ($1.67B).

In 2022, countries that imported more from Spain than Libya included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and Libya () (2022)

Comparative Advantage Libya - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Libya and Spain by product, considering products traded by both, Libya and Spain.

During 2022, Libya had a large net trade with Spain in the exports of Mineral Products ($3.46B), Metals ($13.3M), and Chemical Products ($2.99M).

During 2017, Spain had a large net trade with Libya in the exports of Mineral Products ($160M), Animal Products ($51.8M), and Chemical Products ($38.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Spain+$67.5MRefined Petroleum

Top Product Potential Spain Libya+$44.9MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Libya and Spain. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Libya.

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Spain () (2022)

Exports from Spain () to Libya () (2022)

Latest Data

Trade between Libya () and Spain ()

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Libya () (2022)

Comparative Advantage Libya - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Spain () (2022)

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