Sign In
Pricing

2022
Flag → Flag
Exports $1.94MRnk 141 / 209
2022
Flag → Flag
Top Product $696kRubberworking Machinery
2022
Flag → Flag
Exports $124MRnk 20 / 79
2022
Flag → Flag
Top Product $124MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Norway-Libya Trade: In 2022, Norway exported $1.94M to Libya. The main products that Norway exported to Libya were Rubberworking Machinery ($696k), Surveying Equipment ($479k), and Valves ($132k). Over the past 5 years the exports of Norway to Libya have increased at an annualized rate of 37.2%, from $399k in 2017 to $1.94M in 2022.

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

Libya-Norway Trade: In 2022, Libya exported $124M to Norway. The main products that Libya exported to Norway were Crude Petroleum ($124M), Recreational Boats ($8.56k), and Other Furniture ($1.87k). Over the past 5 years the exports of Libya to Norway have increased at an annualized rate of 46.2%,  from $18.5M in 2017 to $124M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK540k and imported NOK17k from Libya, resulting in a positive trade balance of NOK523k. Between July 2023 and July 2024 the exports of Norway have increased by NOK443k (457%) from NOK97k to NOK540k, while imports increased by NOK17k (N/A%) from NOK0 to NOK17k.

Trade In July 2024, the top exports of Norway to Libya were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0). In July 2024 the top imports of Norway from Libya were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In July 2024, the increase in Norway's year-by-year exports to Libya was explained primarily by an increase in product exports in . In July 2024, the increase in Norway's year-by-year imports  from Libya was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK443k(457%)
IMPORT GROWTH (July 2023 - July 2024)NOK17k(N/A%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Libya and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Libya and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.94M to Libya. The main products exported from Norway to Libya were Rubberworking Machinery ($696k), Surveying Equipment ($479k), and Valves ($132k). During the last 5 years the exports of Norway to Libya have increased at an annualized rate of 37.2%, from $399k in 2017 to $1.94M in 2022.

In 2017, Libya exported $124M to Norway. The main products exported from Libya to Norway were Crude Petroleum ($124M), Recreational Boats ($8.56k), and Other Furniture ($1.87k). During the last 5 years the exports of Libya to Norway have increased at an annualized rate of 46.2%, from $18.5M in 2022 to $124M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Norway than Libya included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Libya than Norway included Italy ($9.26B), Greece ($2.25B), and United Arab Emirates ($1.63B).

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

Comparative Advantage Norway - Libya

Flow
Scale

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

During 2022, Norway had a large net trade with Libya in the exports of Machines ($1.21M), Instruments ($507k), and Plastics and Rubbers ($90k).

During 2017, Libya had a large net trade with Norway in the exports of Mineral Products ($124M), Transportation ($8.56k), and Miscellaneous ($1.87k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Libya+$240kValves
Top Product Potential Libya Norway+$9.95MCrude 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms