Azerbaijan (AZE) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Azerbaijan-Libya Trade: In 2022, Azerbaijan exported $56.1M to Libya. The main products that Azerbaijan exported to Libya were Refined Petroleum ($56.1M), Hydraulic Brake Fluid ($1.94k), and Other Printed Material ($110). Over the past 7 years the exports of Azerbaijan to Libya have increased at an annualized rate of 83.5%, from $800k in 2015 to $56.1M in 2022.

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

Libya-Azerbaijan In N/A, Libya did not export any products to Azerbaijan.

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

Comparison: In 2022, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Azerbaijan exported $56.1M to Libya. The main products exported from Azerbaijan to Libya were Refined Petroleum ($56.1M), Hydraulic Brake Fluid ($1.94k), and Other Printed Material ($110). During the last 7 years the exports of Azerbaijan to Libya have increased at an annualized rate of 83.5%, from $800k in 2015 to $56.1M in 2022.

Libya does not register exports to Azerbaijan. The main products exported from Libya to Azerbaijan were Brooms ($2.3k).

Exports from Azerbaijan () to Libya () (2022)

Exports from Libya () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Libya ()

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Azerbaijan than Libya included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from Libya than Azerbaijan included Germany ($3.32B), Spain ($3.48B), and China ($2.52B).

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

Comparative Advantage Azerbaijan - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Libya in the exports of Mineral Products ($56.1M), Chemical Products ($1.94k), and Paper Goods ($110).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Libya+$2.39kEthylene Polymers

Top Product Potential Libya Azerbaijan+$5.86kCrude 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 Azerbaijan and Libya. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Azerbaijan.

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Libya () (2022)

Exports from Libya () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Libya ()

Azerbaijan Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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