Find Libya Business Opportunities though Import/Export Data

tendata blogTrade Data

ten data blog06-11-2023

Imports

Libya's imports amounted to USD 4.11 Billion in 2022. The total revenue of Libya's export sales in 2022 increased by 19.57% compared to $3.44 Billion in 2021.


Libya's main trading partners

1. China (15.6%, 2.45 billion US$)

2. Turkey (13.2%, 2.06 billion US$)

3. Italy (8.88%, 1.39 billion US$)

4. United Arab Emirates (8.64%, 1.35 billion US$)

5. Egypt (5.3%, 830 million US$)

6. Korea (4.03%, 631 million US$)

7. Netherlands (3.8%, 595 million US$)

8. Tunisia (3.43%, 538 million US$)

9. Germany (3.21%, 503 million US$)

10. Spain (2.98%, 468 million US$)



Libya's top ten exports

- 27: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (13.1%, 2.05 billion US$)

- 85: Electrical machinery and equipment and parts(9.62%, 1.5 billion US$)

- 87: Vehicles, parts and accessories(9.4%, 1.47 billion US$)

- 84: Nuclear reactors, boilers, machinery and mechanical appliances(7.03%, 1.1 billion US$)

- 10: Cereals (3.8%, 595 million US$)

- 24: Tobacco and manufactured tobacco substitutes (2.95%, 463 million US$)

- 39: Plastics and articles (2.93%, 460 million US$)

- 94: Furniture (2.72%, 426 million US$)

- 30: Pharmaceutical products (2.49%, 390 million US$)

- 61: Articles of apparel and clothing accessories, knitted or crocheted(2.25%, 353 million US$)




Exports

Libya's exports to the world in 2022 are valued at $39.5 billion. Compared to $33 billion in 2021, Libya's total export sales revenue in 2022 increased by 19.6%.


Libya's top 3 most valuable exports are crude oil, liquefied petroleum gas (LPG) and then processed oil. Together, these three lucrative energy products account for 93.3% of Libya's total exports in the global market.



Libya's main trading partners

The latest country-specific data show that Libya's exports were mainly purchased by importers in Italy (33.2% of Libya's global total), mainland China (22.5%), Spain (11.6%), France (5%). , the United Arab Emirates (4.1%), the United States of America (2.7%), Denmark (2.5%), Greece (2.4%), the Netherlands (2.3%), Australia (1.9%), Thailand (1.7%) and Turkey (1.6%).



Libya's top 10 exports

1. mineral fuels including oil: $38.1 billion (96.4% of total exports)

2. Iron and steel: $549.9 million (1.4%)

3. Inorganic chemicals: $195.1 million (0.5%)

4. Copper: $153.6 million (0.4%)

5. Gems, precious metals: $138.2 million (0.3%)

6. Fertilizer: $113.0 million (0.3%)

7. Aluminum: $89.7 million (0.2%)

8. Ships, boats: $60.1 million (0.15%)

9. Fish: $42 million (0.11%)

10. salt, sulfur, stone, cement: $19.9 million (0.05%)


Libya's top 10 export commodities accounted for 99.8% of its total global exports.


Ships are the fastest growing of the top 10 export categories, growing by 38,897% from 2021 to 2022. The second highest improvement in export sales was for inorganic chemicals, which grew by 132.1%. Libya's fish exports grew the third fastest, by 64.1%.


The biggest drop in Libya's top 10 export categories was Gemstones and Precious Metals, down -41.9% year-on-year.


Crude oil represents Libya's most valuable export in terms of 4-digit HS code, accounting for 82.5% of the country's total exports. In second place was LPG (8.5%), followed by processed petroleum (2%), iron or steel scrap (0.7%), ammonia (0.5%), iron ore reduction products (also 0.5%), copper scrap (0.4%), unwrought gold (0.3%), nitrogenous fertilizers (also 0.3%), and then aluminum scrap (0.2%).




The Import Export Database is of great assistance in customer acquisition: its software typically allows for precise targeting of specific regions, selection of industry keywords, and bulk acquisition of customer contact information. Because nowadays, not all precise global buyers attend exhibitions, use B2B platforms, or even have their own websites, making it difficult for search engines to find them. To find them and establish contact for securing orders, we need to use methods that can accurately develop customers. Therefore, when purchasing Import Export Database software, it's crucial to understand how this particular Import Export Database develops overseas clients and to choose an Import Export Database that can accurately pinpoint product requirements and acquire customer contact information in bulk.



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The Tendata iTrader Import Export Database yields good results. Tendata iTrader is an online marketing tool that enables the search for premium import and export companies in 200 countries worldwide, with precise and reliable data. Its functionalities include: precise global import and export company searches, locating decision-makers' contact information, in-depth data exploration, checking customs trade alerts, and conducting mass email campaigns.


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