Austria (AUT) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Austria-Libya Trade: In 2023, Austria exported $65.8M to Libya. The main products that Austria exported to Libya were Cheese ($21.9M), Flavored Water ($10.5M), and Other Printed Material ($6.5M). Over the past 5 years the exports of Austria to Libya have increased at an annualized rate of 4.58%, from $52.6M in 2018 to $65.8M in 2023.

In 2023, Austria did not export any services to Libya.

Libya-Austria Trade: In 2023, Libya exported $1.16B to Austria. The main products that Libya exported to Austria were Crude Petroleum ($1.16B), Orthopedic Appliances ($13.3k), and Insulated Wire ($5.27k). Over the past 5 years the exports of Libya to Austria have increased at an annualized rate of 63%, from $101M in 2018 to $1.16B in 2023.

In 2023, Libya did not export any services to Austria.

Comparison: In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Austria exported $65.8M to Libya. The main products exported from Austria to Libya were Cheese ($21.9M), Flavored Water ($10.5M), and Other Printed Material ($6.5M). During the last 5 years the exports of Austria to Libya have increased at an annualized rate of 4.58%, from $52.6M in 2018 to $65.8M in 2023.

In 2018, Libya exported $1.16B to Austria. The main products exported from Libya to Austria were Crude Petroleum ($1.16B), Orthopedic Appliances ($13.3k), and Insulated Wire ($5.27k). During the last 5 years the exports of Libya to Austria have increased at an annualized rate of 63%, from $101M in 2023 to $1.16B in 2018.

Exports from Austria () to Libya () (2023)

Exports from Libya () to Austria () (2023)

Latest Data

Trade between Austria () and Libya ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Libya
Top DestinationItaly$7.96B

This map shows whether countries import more from Austria or Libya. Each country is colored based on the difference in imports they receive from Austria and Libya or the difference in the growth in imports.

In 2023, countries that imported more from Austria than Libya included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

In 2023, countries that imported more from Libya than Austria included Greece ($2.2B), Thailand ($1.26B), and United Arab Emirates ($1.85B).

Difference in imports from Libya () and Austria () (2023)

Comparative Advantage Austria - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Austria and Libya by product, considering products traded by both, Austria and Libya.

During 2023, Austria had a large net trade with Libya in the exports of Animal Products ($21.9M), Foodstuffs ($14.4M), and Paper Goods ($10.4M).

During 2018, Libya had a large net trade with Austria in the exports of Mineral Products ($1.16B), Instruments ($13.3k), and Machines ($9.26k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Libya+$1.71MVaccines, blood, antisera, toxins and cultures

Top Product Potential Libya Austria+$38.2kOrthopedic Appliances

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Austria and Libya. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Austria.

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Libya () (2023)

Exports from Libya () to Austria () (2023)

Latest Data

Trade between Austria () and Libya ()

Austria Exports

Market Competitiveness

Difference in imports from Libya () and Austria () (2023)

Comparative Advantage Austria - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Libya () (2023)

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