2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 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 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 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

Georgia-Libya Trade: In 2022, Georgia exported $3.98M to Libya. The main products that Georgia exported to Libya were Packaged Medicaments ($1.37M), Fruit Juice ($1.05M), and Rolled Tobacco ($569k). Over the past 5 years the exports of Georgia to Libya have increased at an annualized rate of 31.2%, from $1.02M in 2017 to $3.98M in 2022.

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

Libya-Georgia Trade: In 2022, Libya exported $38.2k to Georgia. The main products that Libya exported to Georgia were Large Flat-Rolled Stainless Steel ($5.55k), Electrical Control Boards ($4.64k), and Electrical Power Accessories ($4.6k). Over the past 5 years the exports of Libya to Georgia have decreased at an annualized rate of 34.6%,  from $320k in 2017 to $38.2k in 2022.

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

Comparison: In 2022,  Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). 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
Value

In 2022, Georgia exported $3.98M to Libya. The main products exported from Georgia to Libya were Packaged Medicaments ($1.37M), Fruit Juice ($1.05M), and Rolled Tobacco ($569k). During the last 5 years the exports of Georgia to Libya have increased at an annualized rate of 31.2%, from $1.02M in 2017 to $3.98M in 2022.

In 2017, Libya exported $38.2k to Georgia. The main products exported from Libya to Georgia were Large Flat-Rolled Stainless Steel ($5.55k), Electrical Control Boards ($4.64k), and Electrical Power Accessories ($4.6k). During the last 5 years the exports of Libya to Georgia have decreased at an annualized rate of 34.6%, from $320k in 2022 to $38.2k in 2017.

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

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

Latest Data

Trade between Georgia (Flag) and Libya (Flag)

Georgia Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Libya
Top Destination
Italy$9.26B

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

In 2022, countries that imported more from Georgia than Libya included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

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

Comparative Advantage Georgia - Libya

Flow
Scale

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

During 2022, Georgia had a large net trade with Libya in the exports of Foodstuffs ($1.69M), Chemical Products ($1.38M), and Vegetable Products ($549k).

During 2017, Libya had a large net trade with Georgia in the exports of Machines ($19.8k), Metals ($16k), and Plastics and Rubbers ($2.01k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Libya+$3.28kRefined Petroleum
Top Product Potential Libya Georgia+$3.64kPetroleum Gas

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

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

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