Iceland (ISL) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Iceland-Libya In 2022, Iceland exported $72.7k to Libya. The main products that Iceland exported to Libya are Refined Petroleum ($72.7k). During the last 16 years the exports of Iceland to Libya have increased at an annualized rate of 12.7%, from $10.7k in 2006 to $72.7k in 2022.

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

Libya-Iceland In 2022, Libya exported $207 to Iceland. The main products that Libya exported to Iceland were Knit T-shirts ($207). During the last 16 years the exports of Libya to Iceland have decreased at an annualized rate of 50.1%, from $13.8M in 2006 to $207 in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $72.7k to Libya. The main products exported from Iceland to Libya were Refined Petroleum ($72.7k). During the last 16 years the exports of Iceland to Libya have increased at an annualized rate of 12.7%, from $10.7k in 2006 to $72.7k in 2022.

In 2022, Libya exported $207 to Iceland. The main products exported from Libya to Iceland were Knit T-shirts ($207). During the last 15 years the exports of Libya to Iceland have decreased at an annualized rate of 50.1%, from $13.8M in 2007 to $207 in 2022.

Exports from Iceland () to Libya () (2022)

Exports from Libya () to Iceland () (2022)

Latest Data

Trade between Iceland () and Libya ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Libya
Top DestinationItaly$9.26B

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

In 2021, countries that imported more from Iceland than Libya were Poland ($367M), Netherlands ($1.97B), and Norway ($459M).

In 2021, countries that imported more from Libya than Iceland were Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

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

Comparative Advantage Iceland - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Libya in the exports of Mineral Products ($72.7k).

During 2022, Libya had a large net trade with Iceland in the exports of Textiles ($207).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Libya. Similarly, the more yellow a dot/product is, the more Libya has comparative advantage over Iceland.

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Libya () (2022)

Exports from Libya () to Iceland () (2022)

Latest Data

Trade between Iceland () and Libya ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Libya

Economic Complexity

Competitive Landscape

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

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