Mineral fuels including oil are the leading exports of Libya. In 2022, the export value of these products reached 38.1 billion U.S. dollars, dominating the export trade from the country. The hydrocarbon industry is indeed the main economic activity in Libya, which ranks among the countries with the highest values of crude oil exports worldwide.
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Exports in Libya decreased to 178129.90 LYD Million in 2023 from 190785.10 LYD Million in 2022. This dataset provides - Libya Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Libya's total Exports in 2019 were valued at US$29.29 Billion, according to the United Nations COMTRADE database on international trade. Libya's main export partners were: Italy, China and Spain. The top three export commodities were: Mineral fuels, oils, distillation products; Pearls, precious stones, metals, coins and Iron and steel. Total Imports were valued at US$15.66 Billion. In 2019, Libya had a trade surplus of US$13.62 Billion.
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Key information about Libya Crude Oil: Exports
The statistic shows the value of goods exported from Libya from 2013 to 2023. In 2023, goods with a value of around ***** billion U.S. dollars were exported from Libya.
The exports of crude oil and petroleum products from Libya had a value of nearly ***** billion U.S. dollars in 2023. The export value of these commodities decreased compared to the previous year when it stood at approximately ***** billion U.S. dollars. In the years under review, the exports peaked at about **** billion U.S. dollars in 2008.
This statistic shows the most important export partner countries for Libya in 2023. In 2023, the most important export partner of Libya was Italy, with a share of 23 percent in exports.
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Key information about Libya Natural Gas: Exports
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Libya LY: Exports: % of Goods Exports: Manufactures data was reported at 2.278 % in 2010. This records an increase from the previous number of 2.097 % for 2009. Libya LY: Exports: % of Goods Exports: Manufactures data is updated yearly, averaging 0.143 % from Dec 1962 (Median) to 2010, with 34 observations. The data reached an all-time high of 6.663 % in 1998 and a record low of 0.000 % in 1980. Libya LY: Exports: % of Goods Exports: Manufactures data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Exports. Manufactures comprise commodities in SITC sections 5 (chemicals), 6 (basic manufactures), 7 (machinery and transport equipment), and 8 (miscellaneous manufactured goods), excluding division 68 (non-ferrous metals).; ; World Bank staff estimates through the WITS platform from the Comtrade database maintained by the United Nations Statistics Division.; Weighted average; Merchandise export shares may not sum to 100 percent because of unclassified trade.
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Libya LY: Exports: % of Goods Exports: Fuel data was reported at 97.718 % in 2010. This records a decrease from the previous number of 97.894 % for 2009. Libya LY: Exports: % of Goods Exports: Fuel data is updated yearly, averaging 99.285 % from Dec 1962 (Median) to 2010, with 34 observations. The data reached an all-time high of 100.000 % in 1980 and a record low of 92.613 % in 1998. Libya LY: Exports: % of Goods Exports: Fuel data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Exports. Fuels comprise the commodities in SITC section 3 (mineral fuels, lubricants and related materials).; ; World Bank staff estimates through the WITS platform from the Comtrade database maintained by the United Nations Statistics Division.; Weighted average; Merchandise export shares may not sum to 100 percent because of unclassified trade.
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Libya export data: Discover North Africa's oil giant, its key trade partners, and efforts to diversify for future growth.
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Libya LY: BOP: Current Account: Exports: Goods, Services and Primary Income data was reported at 8.086 USD bn in 2016. This records a decrease from the previous number of 13.039 USD bn for 2015. Libya LY: BOP: Current Account: Exports: Goods, Services and Primary Income data is updated yearly, averaging 12.080 USD bn from Dec 1977 (Median) to 2016, with 40 observations. The data reached an all-time high of 66.629 USD bn in 2008 and a record low of 5.899 USD bn in 1998. Libya LY: BOP: Current Account: Exports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Balance of Payments: Current Account. Exports of goods, services and primary income is the sum of goods exports, service exports and primary income receipts. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
Exports of goods, services and primary income of Libya shot up by 210.42% from 10,711,600,000 US dollars in 2020 to 33,250,800,000 US dollars in 2021. Since the 37.99% drop in 2016, exports of goods, services and primary income soared by 311.20% in 2021. Exports of goods, services and income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts. Data are in current U.S. dollars.
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Libya LY: Exports: % of Goods Exports: Ores & Metals data was reported at 0.000 % in 2010. This records an increase from the previous number of 0.000 % for 2009. Libya LY: Exports: % of Goods Exports: Ores & Metals data is updated yearly, averaging 0.022 % from Dec 1962 (Median) to 2010, with 23 observations. The data reached an all-time high of 0.204 % in 1962 and a record low of 0.000 % in 2009. Libya LY: Exports: % of Goods Exports: Ores & Metals data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Exports. Ores and metals comprise the commodities in SITC sections 27 (crude fertilizer, minerals nes); 28 (metalliferous ores, scrap); and 68 (non-ferrous metals).; ; World Bank staff estimates through the WITS platform from the Comtrade database maintained by the United Nations Statistics Division.; Weighted average; Merchandise export shares may not sum to 100 percent because of unclassified trade.
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Libya LY: Exports: % of Goods Exports: Food data was reported at 0.002 % in 2010. This records a decrease from the previous number of 0.006 % for 2009. Libya LY: Exports: % of Goods Exports: Food data is updated yearly, averaging 0.027 % from Dec 1962 (Median) to 2010, with 25 observations. The data reached an all-time high of 3.139 % in 1962 and a record low of 0.000 % in 1978. Libya LY: Exports: % of Goods Exports: Food data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Exports. Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels).; ; World Bank staff estimates through the WITS platform from the Comtrade database maintained by the United Nations Statistics Division.; Weighted average; Merchandise export shares may not sum to 100 percent because of unclassified trade.
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Libya LY: Exports: % of Total Goods Exports: Residual data was reported at 0.000 % in 2016. This stayed constant from the previous number of 0.000 % for 2015. Libya LY: Exports: % of Total Goods Exports: Residual data is updated yearly, averaging 2.087 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 10.959 % in 1961 and a record low of -0.000 % in 1997. Libya LY: Exports: % of Total Goods Exports: Residual data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Exports. Merchandise exports by the reporting economy residuals are the total merchandise exports by the reporting economy to the rest of the world as reported in the IMF's Direction of trade database, less the sum of exports by the reporting economy to high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise exports by the economy.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;
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Libya LY: Exports: Goods: by Reporting Economy data was reported at 5.796 USD bn in 2016. This records a decrease from the previous number of 8.153 USD bn for 2015. Libya LY: Exports: Goods: by Reporting Economy data is updated yearly, averaging 8.617 USD bn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 45.134 USD bn in 2008 and a record low of 11.200 USD mn in 1960. Libya LY: Exports: Goods: by Reporting Economy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Exports. Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Sum;
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Libya LY: Exports: % of Commercial Service Exports: Services: Travel data was reported at 14.631 % in 2010. This records an increase from the previous number of 12.987 % for 2009. Libya LY: Exports: % of Commercial Service Exports: Services: Travel data is updated yearly, averaging 10.628 % from Dec 1977 (Median) to 2010, with 34 observations. The data reached an all-time high of 68.387 % in 2007 and a record low of 1.931 % in 1986. Libya LY: Exports: % of Commercial Service Exports: Services: Travel data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Exports. Travel services (% of commercial service exports) covers goods and services acquired from an economy by travelers in that economy for their own use during visits of less than one year for business or personal purposes. Travel services include the goods and services consumed by travelers, such as lodging and meals and transport (within the economy visited).; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average;
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Libya LY: Exports: % of Total Goods Exports: The Arab World data was reported at 12.557 % in 2016. This records an increase from the previous number of 6.362 % for 2015. Libya LY: Exports: % of Total Goods Exports: The Arab World data is updated yearly, averaging 2.197 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 13.393 % in 1960 and a record low of 0.046 % in 1970. Libya LY: Exports: % of Total Goods Exports: The Arab World data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Exports. Merchandise exports to economies in the Arab World are the sum of merchandise exports by the reporting economy to economies in the Arab World. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;
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Libya LY: Exports: High-Income Economies: % of Total Goods Exports data was reported at 72.360 % in 2016. This records a decrease from the previous number of 77.621 % for 2015. Libya LY: Exports: High-Income Economies: % of Total Goods Exports data is updated yearly, averaging 85.670 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 96.157 % in 1971 and a record low of 72.360 % in 2016. Libya LY: Exports: High-Income Economies: % of Total Goods Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Exports. Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;
Mineral fuels including oil are the leading exports of Libya. In 2022, the export value of these products reached 38.1 billion U.S. dollars, dominating the export trade from the country. The hydrocarbon industry is indeed the main economic activity in Libya, which ranks among the countries with the highest values of crude oil exports worldwide.