Libya recorded a trade surplus of 14753.80 LYD Million in 2019.

Balance of Trade in Libya averaged 12350.11 LYD Million from 1990 until 2019, reaching an all time high of 51089 LYD Million in 2008 and a record low of -7687.60 LYD Million in 2015. This page provides - Libya Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Balance of Trade - values, historical data and charts - was last updated on August of 2020.

Balance of Trade in Libya is expected to reach -5220.00 LYD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Balance of Trade is projected to trend around -5220.00 LYD Million in 2021 and -486.00 LYD Million in 2022, according to our econometric models.

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Libya Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
14753.80 21897.10 51089.00 -7687.60 1990 - 2019 LYD Million Yearly

Libya Trade Last Previous Highest Lowest Unit
Balance of Trade 14753.80 21897.10 51089.00 -7687.60 LYD Million [+]
Current Account 5733.10 15389.50 45983.00 -24172.30 LYD Million [+]
Current Account to GDP -0.20 1.50 55.20 -41.80 percent [+]
Imports 24034.10 18815.40 43242.90 2106.00 LYD Million [+]
Exports 38787.90 40712.50 77027.00 2449.00 LYD Million [+]
Capital Flows -4566.60 -3872.80 514.90 -23905.00 LYD Million [+]
Gold Reserves 116.60 116.64 143.82 116.60 Tonnes [+]
Crude Oil Production 93.00 80.00 2370.00 7.00 BBL/D/1K [+]
Terrorism Index 6.77 6.99 7.29 0.00 [+]
Foreign Direct Investment -482.50 -376.10 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.