Libya

In 2010, the value of merchandise exports of Libya increased substantially by 33.7 percent to reach 36.4 bln US$, while its merchandise imports increased substantially by 37.4 percent to reach 17.7 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large surplus of 18.8 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at 22.5 bln US$ (see graph 4). Merchandise exports in Libya were moderately concentrated amongst partners; imports were diversified. The top 5 partners accounted for 80 percent or more of exports and 13 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Libya remained at 410.1 mln US$, while its imports of services remained at 6.1 bln US$ (see graph 2). There was a large trade in services deficit of 5.7 bln US$.

Related Subject(s): International Trade and Finance

Countries: Libya