Libya
Africa
Trade in Libya
| Libya was the world’s 67th largest exporter of goods and largest exporter of commercial services in 2021. Export values were 29 billion USD. Libya’s top export category was fuels and mining products, followed by manufactures, and agricultural products. In 2018, Libya’s main export destination markets for goods and services trade were to Italy, China and Spain, with trade representing 0 per cent of GDP. In terms of imports, Libya is the world’s 84th largest importer of goods and 164th largest importer of commercial services. Import values were $19 billion and $47 million USD respectively in 2021. Libya’s top import category was manufactures, followed by agricultural products and fuels and mining products. Leading import partners were Turkey, the United Arab Emirates and China. Libya is part of 2 different Regional Trade Agreements, such as Common Market for Eastern and Southern Africa (COMESA) and Global System of Trade Preferences among Developing Countries (GSTP). |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Libya |
Abbreviation |
LY |
Capital |
Trpoli |
WTO Membership Date |
Observer |
Legal System |
Libya's post-revolution legal system is in flux and driven by state and non-state entities |
Language |
Arabic |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Libyan dinar |
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Exchange Rate |
Google Finance Currencies |
Contact InformationThis section includes contact information for business support organizations and national resources. |
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Additional Information |
ePing alert |
Last Reviewed: June, 2023
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