Libya (LBY) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Libya-Belgium Trade: In 2022, Libya exported $13.7M to Belgium. The main products that Libya exported to Belgium were Refined Petroleum ($9.35M), Iron Reductions ($4.15M), and Scrap Copper ($79.6k). Over the past 5 years the exports of Libya to Belgium have increased at an annualized rate of 18.4%, from $5.89M in 2017 to $13.7M in 2022.

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

Belgium-Libya Trade: In 2022, Belgium exported $1.28B to Libya. The main products that Belgium exported to Libya were Refined Petroleum ($1.11B), Cars ($44.9M), and Eggs ($21.1M). Over the past 5 years the exports of Belgium to Libya have increased at an annualized rate of 61.5%, from $117M in 2017 to $1.28B in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $13.7M to Belgium. The main products exported from Libya to Belgium were Refined Petroleum ($9.35M), Iron Reductions ($4.15M), and Scrap Copper ($79.6k). During the last 5 years the exports of Libya to Belgium have increased at an annualized rate of 18.4%, from $5.89M in 2017 to $13.7M in 2022.

In 2017, Belgium exported $1.28B to Libya. The main products exported from Belgium to Libya were Refined Petroleum ($1.11B), Cars ($44.9M), and Eggs ($21.1M). During the last 5 years the exports of Belgium to Libya have increased at an annualized rate of 61.5%, from $117M in 2022 to $1.28B in 2017.

Exports from Libya () to Belgium () (2022)

Exports from Belgium () to Libya () (2022)

Latest Data

Trade between Libya () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Belgium
Top DestinationGermany$91.9B

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

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

In 2022, countries that imported more from Belgium than Libya included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Libya - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Belgium in the exports of Mineral Products ($9.35M), Metals ($4.29M), and Machines ($43.4k).

During 2017, Belgium had a large net trade with Libya in the exports of Mineral Products ($1.12B), Transportation ($47.7M), and Foodstuffs ($28.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Belgium+$12.9MRefined Petroleum

Top Product Potential Belgium Libya+$14.4MCars

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 Belgium. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Libya.

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Belgium () (2022)

Exports from Belgium () to Libya () (2022)

Latest Data

Trade between Libya () and Belgium ()

Belgium Exports

Market Competitiveness

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

Comparative Advantage Libya - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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