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2022
Flag → Flag
Exports $323MRnk 16 / 79
2022
Flag → Flag
Top Product $240MCrude Petroleum
2022
Flag → Flag
Exports $13.4MRnk 136 / 215
2022
Flag → Flag
Top Product $1.59MLiquid Pumps
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Libya-Singapore Trade: In 2022, Libya exported $323M to Singapore. The main products that Libya exported to Singapore were Crude Petroleum ($240M), Refined Petroleum ($83.8M), and Coin ($702). Over the past 5 years the exports of Libya to Singapore have increased at an annualized rate of 29.9%, from $87.5M in 2017 to $323M in 2022.

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

Singapore-Libya Trade: In 2022, Singapore exported $13.4M to Libya. The main products that Singapore exported to Libya were Liquid Pumps ($1.59M), Hair Products ($1.52M), and Electric Motor Parts ($1.51M). Over the past 5 years the exports of Singapore to Libya have increased at an annualized rate of 18.5%,  from $5.72M in 2017 to $13.4M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Libya exported $323M to Singapore. The main products exported from Libya to Singapore were Crude Petroleum ($240M), Refined Petroleum ($83.8M), and Coin ($702). During the last 5 years the exports of Libya to Singapore have increased at an annualized rate of 29.9%, from $87.5M in 2017 to $323M in 2022.

In 2017, Singapore exported $13.4M to Libya. The main products exported from Singapore to Libya were Liquid Pumps ($1.59M), Hair Products ($1.52M), and Electric Motor Parts ($1.51M). During the last 5 years the exports of Singapore to Libya have increased at an annualized rate of 18.5%, from $5.72M in 2022 to $13.4M in 2017.

Exports from Libya (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Libya (Flag) (2022)

Latest Data

Trade between Libya (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Libya
Top DestinationItaly$9.26B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Libya than Singapore included Italy ($9.26B), Spain ($3.48B), and Greece ($2.25B).

In 2022, countries that imported more from Singapore than Libya included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Libya (Flag) (2022)

Comparative Advantage Libya - Singapore

Flow
Scale

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

During 2022, Libya had a large net trade with Singapore in the exports of Mineral Products ($323M), Precious Metals ($702), and Metals ($159).

During 2017, Singapore had a large net trade with Libya in the exports of Machines ($6.44M), Chemical Products ($3.47M), and Foodstuffs ($1.23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Singapore+$210MCrude Petroleum
Top Product Potential Singapore Libya+$2.33MRefined 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

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

Product Space of Libya (Flag) and Singapore (Flag) (2022)

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