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2022
Flag → Flag
Exports $43Rnk 78 / 79
2022
Flag → Flag
Top Product $43Tea
2022
Flag → Flag
Exports $44.4MRnk 49 / 194
2022
Flag → Flag
Top Product $43.4MTea
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 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$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 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$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Libya-Sri Lanka Trade: In 2022, Libya exported $43 to Sri Lanka. The main products that Libya exported to Sri Lanka were Tea ($43). Over the past 6 years the exports of Libya to Sri Lanka have decreased at an annualized rate of 64.8%, from $22.7k in 2016 to $43 in 2022.

In 2022, Libya did not export any services to Sri Lanka.

Sri Lanka-Libya Trade: In 2022, Sri Lanka exported $44.4M to Libya. The main products that Sri Lanka exported to Libya were Tea ($43.4M), Coconuts, Brazil Nuts, and Cashews ($159k), and Non-Knit Men's Suits ($138k). Over the past 6 years the exports of Sri Lanka to Libya have decreased at an annualized rate of 3.31%,  from $52.5M in 2016 to $44.4M in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Libya exported $43 to Sri Lanka. The main products exported from Libya to Sri Lanka were Tea ($43). During the last 6 years the exports of Libya to Sri Lanka have decreased at an annualized rate of 64.8%, from $22.7k in 2016 to $43 in 2022.

In 2017, Sri Lanka exported $44.4M to Libya. The main products exported from Sri Lanka to Libya were Tea ($43.4M), Coconuts, Brazil Nuts, and Cashews ($159k), and Non-Knit Men's Suits ($138k). During the last 5 years the exports of Sri Lanka to Libya have decreased at an annualized rate of 3.31%, from $52.5M in 2022 to $44.4M in 2017.

Exports from Libya (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Libya (Flag) (2022)

Latest Data

Trade between Libya (Flag) and Sri Lanka (Flag)

Sri Lanka Exports

Date

Market Competitiveness

Color
Libya
Top DestinationItaly$9.26B
Sri Lanka
Top DestinationUnited States$3.52B

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

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

In 2022, countries that imported more from Sri Lanka than Libya included United States ($3.52B), India ($1.12B), and Canada ($429M).

Difference in imports from Sri Lanka (Flag) and Libya (Flag) (2022)

Comparative Advantage Libya - Sri Lanka

Flow
Scale

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

During 2022, Libya had a large net trade with Sri Lanka in the exports of Vegetable Products ($43).

During 2017, Sri Lanka had a large net trade with Libya in the exports of Vegetable Products ($43.6M), Textiles ($747k), and Plastics and Rubbers ($51.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Sri Lanka+$4.21kRefined Petroleum
Top Product Potential Sri Lanka Libya+$2.31kKnit Women's Suits

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

Product Space of Libya (Flag) and Sri Lanka (Flag) (2022)

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