Libya recorded a trade surplus of 22268.30 LYD Million in 2018. Balance of Trade in Libya averaged 11306.18 LYD Million from 1990 until 2018, reaching an all time high of 51089 LYD Million in 2008 and a record low of -14120.70 LYD Million in 2014.

Balance of Trade in Libya is expected to be -4157.06 LYD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Balance of Trade is projected to trend around -486.38 LYD Million in 2020, according to our econometric models.

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Libya Balance of Trade
Libya Trade Last Previous Highest Lowest Unit
Balance of Trade 22268.30 11548.60 51089.00 -14120.70 LYD Million [+]
Current Account 15198.30 6152.60 45983.00 -24172.30 LYD Million [+]
Current Account to GDP 1.50 8.40 55.20 -41.80 percent [+]
Imports 14673.10 12047.00 43242.90 2106.00 LYD Million [+]
Exports 26221.70 9402.00 77027.00 2449.00 LYD Million [+]
Capital Flows -5993.20 -530.00 514.90 -23905.00 LYD Million [+]
Gold Reserves 116.64 116.64 143.82 116.60 Tonnes [+]
Crude Oil Production 1167.00 1160.00 2370.00 7.00 BBL/D/1K [+]
Terrorism Index 6.77 6.99 7.29 0.00 [+]
Foreign Direct Investment -192.20 -153.00 2680.00 -3358.00 LYD Million [+]


Libya Balance of Trade

Libya runs trade surpluses as the result of significant exports of oil. Main imports are capital equipment and foodstuffs. Libya’s main trading partner is Italy followed by China and Germany. This page provides - Libya Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Balance of Trade - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
22268.30 11548.60 51089.00 -14120.70 1990 - 2018 LYD Million Yearly




Country Last Previous
Argentina 1768.00 Oct/19 1744
Australia 7180.00 Sep/19 6617
Brazil 1206.00 Oct/19 2246
Canada -978.00 Sep/19 -1235
China 428.09 Oct/19 392
Euro Area 18653.90 Sep/19 14277
France -5551.00 Sep/19 -5436
Germany 21138.00 Sep/19 16448
India -11010.00 Oct/19 -10860
Indonesia 161.30 Oct/19 -164
Italy 2779.30 Sep/19 2598
Japan 17.27 Oct/19 -125
Mexico -116.00 Sep/19 775
Netherlands 5310.00 Sep/19 3807
Russia 14150.00 Sep/19 12010
Saudi Arabia 127500.00 Jun/19 131654
Singapore 3783.84 Oct/19 3832
South Africa 5164.38 Sep/19 4542
South Korea 5393.00 Oct/19 5982
Spain -4262520.00 Sep/19 -3984934
Switzerland 2389.21 Oct/19 3046
Turkey -2055.51 Sep/19 -2518
United Kingdom -3360.00 Sep/19 -1760
United States -52450.00 Sep/19 -55036


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