Benin (BEN) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Benin-Libya Trade: In 2022, Benin exported $214k to Libya. The main products that Benin exported to Libya were Soups and Broths ($204k) and Other Processed Fruits and Nuts ($10.3k). Over the past 6 years the exports of Benin to Libya have increased at an annualized rate of 73.6%, from $7.82k in 2016 to $214k in 2022.

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

Libya-Benin Trade: In 2022, Libya exported $3.6k to Benin. The main products that Libya exported to Benin were Delivery Trucks ($3.11k) and Liquid Pumps ($490). Over the past 6 years the exports of Libya to Benin have increased at an annualized rate of 0.39%, from $3.53k in 2016 to $3.6k in 2022.

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

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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 2022, Benin exported $214k to Libya. The main products exported from Benin to Libya were Soups and Broths ($204k) and Other Processed Fruits and Nuts ($10.3k). During the last 6 years the exports of Benin to Libya have increased at an annualized rate of 73.6%, from $7.82k in 2016 to $214k in 2022.

In 2017, Libya exported $3.6k to Benin. The main products exported from Libya to Benin were Delivery Trucks ($3.11k) and Liquid Pumps ($490). During the last 5 years the exports of Libya to Benin have increased at an annualized rate of 0.39%, from $3.53k in 2022 to $3.6k in 2017.

Exports from Benin () to Libya () (2022)

Exports from Libya () to Benin () (2022)

Latest Data

Trade between Benin () and Libya ()

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Benin than Libya included Bangladesh ($406M), Togo ($35.9M), and Chad ($28M).

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

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

Comparative Advantage Benin - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Benin had a large net trade with Libya in the exports of Foodstuffs ($214k).

During 2017, Libya had a large net trade with Benin in the exports of Transportation ($3.11k) and Machines ($490).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Libya+$18.3kOther Processed Fruits and Nuts

Top Product Potential Libya Benin+$3.05kDelivery Trucks

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

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Libya () (2022)

Exports from Libya () to Benin () (2022)

Latest Data

Trade between Benin () and Libya ()

Benin Exports

Market Competitiveness

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

Comparative Advantage Benin - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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