Romania (ROU) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Romania-Libya Trade: In 2022, Romania exported $156M to Libya. The main products that Romania exported to Libya were Refined Petroleum ($106M), Corn ($27.4M), and Wheat ($5.95M). Over the past 5 years the exports of Romania to Libya have decreased at an annualized rate of 0.0076%, from $156M in 2017 to $156M in 2022.

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

Libya-Romania Trade: In 2022, Libya exported $423k to Romania. The main products that Libya exported to Romania were Electrical Control Boards ($294k), Other Engines ($64.6k), and Machinery Having Individual Functions ($48.2k). Over the past 5 years the exports of Libya to Romania have decreased at an annualized rate of 34.5%, from $3.5M in 2017 to $423k in 2022.

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

Comparison: In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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, Romania exported $156M to Libya. The main products exported from Romania to Libya were Refined Petroleum ($106M), Corn ($27.4M), and Wheat ($5.95M). During the last 5 years the exports of Romania to Libya have decreased at an annualized rate of 0.0076%, from $156M in 2017 to $156M in 2022.

In 2017, Libya exported $423k to Romania. The main products exported from Libya to Romania were Electrical Control Boards ($294k), Other Engines ($64.6k), and Machinery Having Individual Functions ($48.2k). During the last 5 years the exports of Libya to Romania have decreased at an annualized rate of 34.5%, from $3.5M in 2022 to $423k in 2017.

Exports from Romania () to Libya () (2022)

Exports from Libya () to Romania () (2022)

Latest Data

Trade between Romania () and Libya ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Romania than Libya included Germany ($18.8B), Hungary ($6.75B), and Bulgaria ($3.9B).

In 2022, countries that imported more from Libya than Romania included Thailand ($1.67B), Greece ($2.25B), and United Arab Emirates ($1.63B).

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

Comparative Advantage Romania - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Libya in the exports of Mineral Products ($106M), Vegetable Products ($35.6M), and Machines ($5.82M).

During 2017, Libya had a large net trade with Romania in the exports of Machines ($407k) and Metals ($16.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Libya+$9.09MRefined Petroleum

Top Product Potential Libya Romania+$59kElectrical Control Boards

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Libya () (2022)

Exports from Libya () to Romania () (2022)

Latest Data

Trade between Romania () and Libya ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Romania - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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