Net trade in goods in Libya
Libya: Net trade in goods was 13.88 billion BoP, current US$ in 2023. ◆ Volatile
Net trade in goods in Libya, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Libya recorded 13.88 billion BoP, current US$ for net trade in goods in 2023.
Compared with earlier readings it is down 30.9% on the previous year and up 16.0% over ten years.
Over the whole period, net trade in goods in Libya peaked at 40.29 billion BoP, current US$ in 2008 and was at its lowest, -11.12 billion BoP, current US$, in 2014.
That places Libya 30th out of 198 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.65 billion BoP, current US$ | 4.14 billion BoP, current US$ | 7.33 billion BoP, current US$ | 3 |
| 1980s | 2.74 billion BoP, current US$ | -108.83 million BoP, current US$ | 11.55 billion BoP, current US$ | 10 |
| 1990s | 2.02 billion BoP, current US$ | 113.35 million BoP, current US$ | 3.78 billion BoP, current US$ | 10 |
| 2000s | 15.70 billion BoP, current US$ | 2.44 billion BoP, current US$ | 40.29 billion BoP, current US$ | 10 |
| 2010s | 9.67 billion BoP, current US$ | -11.12 billion BoP, current US$ | 35.44 billion BoP, current US$ | 10 |
| 2020s | 12.37 billion BoP, current US$ | 163.50 million BoP, current US$ | 20.08 billion BoP, current US$ | 4 |
Countries ranked near Libya
- 27 Argentina 15.36 billion BoP, current US$ compare
- 28 Angola 15.04 billion BoP, current US$ compare
- 29 Nigeria 14.51 billion BoP, current US$ compare
- 31 Ghana 13.79 billion BoP, current US$ compare
- 32 Iran 13.14 billion BoP, current US$ compare
- 33 South Africa 11.97 billion BoP, current US$ compare
More economy & growth data for Libya
- External balance on goods and services as a percent of GDP 5.8% (2025)
- Inflation of consumer prices 1.8% (2025)
- GDP per capita 8,634 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 2.8% (2017)
- Gross domestic product (GDP) 64.40 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 8,634 constant 2015 US$ (2025)
- DEC alternative conversion factor 5.31 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -22.55 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.25 billion current US$ (2025)
- Taxes less subsidies on products -4.24 billion current LCU (2025)
Frequently asked questions
- What is net trade in goods in Libya?
- Net trade in goods in Libya was 13.88 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Libya?
- The highest recorded value was 40.29 billion BoP, current US$ in 2008.
- What is the lowest net trade in goods recorded in Libya?
- The lowest recorded value was -11.12 billion BoP, current US$ in 2014.
- How does Libya rank for net trade in goods?
- Libya ranks 30th out of 198 countries with data for 2023.
- Is net trade in goods rising or falling in Libya?
- Over the last ten years it is up 16.0%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.