Libya (LBY) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Libya-Oman Trade: In 2022, Libya exported $16.9k to Oman. The main products that Libya exported to Oman were Excavation Machinery ($15.5k) and Other Electrical Machinery ($1.4k). Over the past 8 years the exports of Libya to Oman have increased at an annualized rate of 2.24%, from $14.1k in 2014 to $16.9k in 2022.

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

Oman-Libya Trade: In 2022, Oman exported $173M to Libya. The main products that Oman exported to Libya were Iron Ore ($136M), Polyacetals ($15.3M), and Concentrated Milk ($5.5M). Over the past 8 years the exports of Oman to Libya have increased at an annualized rate of 81.8%, from $8.71M in 2014 to $173M in 2022.

In 2022, Oman 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, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $16.9k to Oman. The main products exported from Libya to Oman were Excavation Machinery ($15.5k) and Other Electrical Machinery ($1.4k). During the last 8 years the exports of Libya to Oman have increased at an annualized rate of 2.24%, from $14.1k in 2014 to $16.9k in 2022.

In 2017, Oman exported $173M to Libya. The main products exported from Oman to Libya were Iron Ore ($136M), Polyacetals ($15.3M), and Concentrated Milk ($5.5M). During the last 5 years the exports of Oman to Libya have increased at an annualized rate of 81.8%, from $8.71M in 2022 to $173M in 2017.

Exports from Libya () to Oman () (2022)

Exports from Oman () to Libya () (2022)

Latest Data

Trade between Libya () and Oman ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Oman
Top DestinationChina$30.4B

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

In 2022, countries that imported more from Libya than Oman included Italy ($9.26B), Germany ($3.32B), and Spain ($3.48B).

In 2022, countries that imported more from Oman than Libya included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

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

Comparative Advantage Libya - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Oman in the exports of Machines ($16.9k).

During 2017, Oman had a large net trade with Libya in the exports of Mineral Products ($136M), Plastics and Rubbers ($20.2M), and Foodstuffs ($6.11M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Oman+$10.4kExcavation Machinery

Top Product Potential Oman Libya+$812kEthylene Polymers

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Oman () (2022)

Exports from Oman () to Libya () (2022)

Latest Data

Trade between Libya () and Oman ()

Oman Exports

Market Competitiveness

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

Comparative Advantage Libya - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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