2022
Exports
$30.3BWorld Rnk 15 / 149
Flag Rnk 1 / 413
falsefalse Italy
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$60World Rnk 0 / 0
Flag Rnk 0 / 0
2022
ECONOMIC COMPLEXITY of Libya
-0.84Rnk 104 / 133

About

Exports In 2022, Libya exported $30.3B in Crude Petroleum, making it the 15th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Libya. The main destination of Crude Petroleum exports from Libya are: Italy ($6.06B), Spain ($3.35B), Germany ($3.28B), China ($2.52B), and United States ($2.24B).

The fastest growing export markets for Crude Petroleum of Libya between 2021 and 2022 were Greece ($1.29B), Italy ($1.12B), and Thailand ($666M).

Imports In 2021, Libya imported $60 in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Libya. Libya imports Crude Petroleum primarily from: N/A.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30.3B
IMPORTS (2021)$60
NET TRADE (2022)$30.3B

In 2022, Libya exported $30.3B in Crude Petroleum. The main destinations of Libya exports on Crude Petroleum were Italy ($6.06B), Spain ($3.35B), Germany ($3.28B), China ($2.52B), and United States ($2.24B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Libya WERE (2021 - 2022):
Greece$1.29B (142%)
Italy$1.12B (22.5%)
Thailand$666M (66.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Libya WERE (2021 - 2022):
China-$329M (-11.5%)
Switzerland-$185M (-61.3%)
Austria-$121M (-15.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Libya's main exporting competitors in Crude Petroleum were:
In 2022, Libya's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.44B
TOP IMPORT POTENTIALSaudi Arabia+ $875

Crude Petroleum’s highest export potential is China. With an export gap of $1.44B.   Crude Petroleum’s highest import potential is Saudi Arabia with an import gap of $875.

See methodology.

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