Trade (% of GDP) in Libya was reported at 156 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Libya - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The statistic shows Libya's trade balance of goods from 2013 to 2023. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2023, Libya's trade surplus amounted to around ***** billion U.S. dollars.

Libya recorded a trade surplus of 66628.30 LYD Million in 2023. This dataset provides - Libya Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Libya: Trade openness: exports plus imports as percent of GDP: The latest value from 2023 is 155.66 percent, a decline from 156.32 percent in 2022. In comparison, the world average is 94.91 percent, based on data from 153 countries. Historically, the average for Libya from 1990 to 2023 is 77.83 percent. The minimum value, 34.8 percent, was reached in 1999 while the maximum of 164.28 percent was recorded in 2021.

Libye: Trade balance, billion USD: Pour cet indicateur, La Banque mondiale fournit des données pour la Libye de 1977 à 2021. La valeur moyenne pour Libye pendant cette période était de 4.69 billion U.S. dollars avec un minimum de -18.5 billion U.S. dollars en 2014 et un maximum de 36.16 billion U.S. dollars en 2008.

Libya LY: BOP: Current Account: Net Trade: Goods data was reported at -1.903 USD bn in 2016. This records an increase from the previous number of -5.567 USD bn for 2015. Libya LY: BOP: Current Account: Net Trade: Goods data is updated yearly, averaging 3.172 USD bn from Dec 1977 (Median) to 2016, with 40 observations. The data reached an all-time high of 40.292 USD bn in 2008 and a record low of -11.119 USD bn in 2014. Libya LY: BOP: Current Account: Net Trade: Goods 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. Net trade in goods is the difference between exports and imports of goods. Trade in services is not included. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Libye: Terms of trade, base year = 2000: Pour cet indicateur, The United Nations fournit des données pour la Libye de 1982 à 2021. La valeur moyenne pour Libye pendant cette période était de 106.94 pour cent avec un minimum de 62.06 pour cent en 2002 et un maximum de 168.53 pour cent en 2013.

Net barter terms of trade index (2000 = 100) in Libya was reported at 126 in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Libya - Net barter terms of trade index (2000 = 100) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

In 2023, the trade deficit of services in Libya amounted to about **** billion U.S. dollars. A positive value means a trade surplus, a negative trade balance means a trade deficit.

Libya LY: Net Barter Terms of Trade Index data was reported at 129.224 2000=100 in 2016. This records a decrease from the previous number of 202.429 2000=100 for 2015. Libya LY: Net Barter Terms of Trade Index data is updated yearly, averaging 151.996 2000=100 from Dec 1982 (Median) to 2016, with 21 observations. The data reached an all-time high of 320.246 2000=100 in 2013 and a record low of 79.110 2000=100 in 2002. Libya LY: Net Barter Terms of Trade Index 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: Trade Index. Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2000. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, international and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year's trade values as weights.; ; United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.; ;

Libya LY: Trade Balance data was reported at 3.834 USD bn in Mar 2018. This records an increase from the previous number of 2.781 USD bn for Dec 2017. Libya LY: Trade Balance data is updated quarterly, averaging 964.001 USD mn from Mar 1960 (Median) to Mar 2018, with 214 observations. The data reached an all-time high of 10.706 USD bn in Sep 2008 and a record low of -1.303 USD bn in Dec 2013. Libya LY: Trade Balance data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Libya – Table LY.IMF.DOT: Trade Balance: by Country: Quarterly.

Libya LY: Goods Trade: % of GDP data was reported at 53.546 % in 2017. This records an increase from the previous number of 51.771 % for 2016. Libya LY: Goods Trade: % of GDP data is updated yearly, averaging 66.773 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 107.629 % in 2013 and a record low of 33.647 % in 1999. Libya LY: Goods Trade: % of GDP 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: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

Top Import Trading Partners of Libya with import value and Year on Year growth comparison

Libya LY: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Jamaica data was reported at -0.001 USD mn in Dec 2014. This records an increase from the previous number of -0.002 USD mn for Nov 2014. Libya LY: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Jamaica data is updated monthly, averaging -0.003 USD mn from Jan 1990 (Median) to Dec 2014, with 24 observations. The data reached an all-time high of -0.001 USD mn in Jun 2014 and a record low of -0.004 USD mn in Dec 1990. Libya LY: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Jamaica data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Libya – Table LY.IMF.DOT: Trade Balance: by Country: Monthly.

Libya LY: Trade Balance: Advanced Economies: Belgium data was reported at -12.682 USD mn in Mar 2018. This records an increase from the previous number of -15.375 USD mn for Dec 2017. Libya LY: Trade Balance: Advanced Economies: Belgium data is updated quarterly, averaging -12.682 USD mn from Mar 1997 (Median) to Mar 2018, with 85 observations. The data reached an all-time high of 50.753 USD mn in Dec 2007 and a record low of -71.189 USD mn in Dec 1997. Libya LY: Trade Balance: Advanced Economies: Belgium data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Libya – Table LY.IMF.DOT: Trade Balance: by Country: Quarterly.

Libya LY: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Guatemala data was reported at -0.113 USD mn in May 2018. This records an increase from the previous number of -10.246 USD mn for Apr 2018. Libya LY: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Guatemala data is updated monthly, averaging -0.113 USD mn from Oct 1972 (Median) to May 2018, with 153 observations. The data reached an all-time high of 0.152 USD mn in Dec 2006 and a record low of -16.007 USD mn in Feb 2017. Libya LY: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Guatemala data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Libya – Table LY.IMF.DOT: Trade Balance: by Country: Monthly.

Libya LY: Trade Balance: Advanced Economies: Slovenia data was reported at -0.106 USD mn in May 2018. This records a decrease from the previous number of -0.082 USD mn for Apr 2018. Libya LY: Trade Balance: Advanced Economies: Slovenia data is updated monthly, averaging -0.031 USD mn from Jan 1994 (Median) to May 2018, with 277 observations. The data reached an all-time high of 25.432 USD mn in Nov 2009 and a record low of -1.025 USD mn in Oct 1999. Libya LY: Trade Balance: Advanced Economies: Slovenia data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Libya – Table LY.IMF.DOT: Trade Balance: by Country: Monthly.

Libya LY: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Chile data was reported at -0.409 USD mn in May 2018. This records a decrease from the previous number of -0.222 USD mn for Apr 2018. Libya LY: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Chile data is updated monthly, averaging -0.113 USD mn from Apr 1977 (Median) to May 2018, with 217 observations. The data reached an all-time high of 3.909 USD mn in Jun 1999 and a record low of -1.600 USD mn in Apr 1977. Libya LY: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Chile data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Libya – Table LY.IMF.DOT: Trade Balance: by Country: Monthly.

Libya LY: Trade Balance: Advanced Economies: Austria data was reported at 5.220 USD mn in Mar 2018. This records a decrease from the previous number of 5.317 USD mn for Dec 2017. Libya LY: Trade Balance: Advanced Economies: Austria data is updated quarterly, averaging -0.600 USD mn from Mar 1960 (Median) to Mar 2018, with 214 observations. The data reached an all-time high of 84.794 USD mn in Sep 1987 and a record low of -64.419 USD mn in Dec 1991. Libya LY: Trade Balance: Advanced Economies: Austria data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Libya – Table LY.IMF.DOT: Trade Balance: by Country: Quarterly.

United States Exports to Libya was US$567.22 Million during 2024, according to the United Nations COMTRADE database on international trade. United States Exports to Libya - data, historical chart and statistics - was last updated on July of 2025.