Bangladesh (BGD) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Bangladesh-Libya Trade: In 2015, Bangladesh exported $2.21M to Libya. The main products that Bangladesh exported to Libya were N/A. Over the past 6 years the exports of Bangladesh to Libya have increased at an annualized rate of 12.8%, from $1.07M in 2009 to $2.21M in 2015.

In 2015, Bangladesh did not export any services to Libya.

Libya-Bangladesh Trade: In 2015, Libya exported $5 to Bangladesh. The main products that Libya exported to Bangladesh were N/A. Over the past 6 years the exports of Libya to Bangladesh have decreased at an annualized rate of 88.2%, from $222k in 2009 to $5 in 2015.

In 2015, Libya did not export any services to Bangladesh.

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). 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 2015, Bangladesh exported $2.21M to Libya. There were not main exports from Bangladesh to Libya in 2015. During the last 6 years the exports of Bangladesh to Libya have increased at an annualized rate of 12.8%, from $1.07M in 2009 to $2.21M in 2015.

In 2010, Libya exported $5 to Bangladesh. There were not main exports from Libya to Bangladesh in 2010. During the last 5 years the exports of Libya to Bangladesh have decreased at an annualized rate of 88.2%, from $222k in 2015 to $5 in 2010.

Exports from Bangladesh () to Libya () (2015)

Exports from Libya () to Bangladesh () (2015)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Bangladesh than Libya included United States ($11.7B), Germany ($10.2B), and Poland ($3.53B).

In 2022, countries that imported more from Libya than Bangladesh included Italy ($9.26B), Greece ($2.25B), and Thailand ($1.67B).

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

Comparative Advantage Bangladesh - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2015, Bangladesh had a large net trade with Libya in the exports of .

During 2010, Libya had a large net trade with Bangladesh in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Libya+$3.94kKnit Sweaters

Top Product Potential Libya Bangladesh+$5.83kRefined 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 Bangladesh and Libya. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Bangladesh.

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Libya () (2015)

Exports from Libya () to Bangladesh () (2015)

Market Competitiveness

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

Comparative Advantage Bangladesh - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Libya () (2015)

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