Romania (ROU) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Romania-Libya Trade: In 2023, Romania exported $218M to Libya. The main products that Romania exported to Libya were Refined Petroleum ($170M), Barley ($13.6M), and Sheep and Goats ($12M). Over the past 5 years the exports of Romania to Libya have increased at an annualized rate of 2.82%, from $190M in 2018 to $218M in 2023.

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

Libya-Romania Trade: In 2023, Libya exported $657M to Romania. The main products that Libya exported to Romania were Crude Petroleum ($653M) and Iron Ore ($4.43M). Over the past 5 years the exports of Libya to Romania have increased at an annualized rate of 211%, from $2.28M in 2018 to $657M in 2023.

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

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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, Romania exported $218M to Libya. The main products exported from Romania to Libya were Refined Petroleum ($170M), Barley ($13.6M), and Sheep and Goats ($12M). During the last 5 years the exports of Romania to Libya have increased at an annualized rate of 2.82%, from $190M in 2018 to $218M in 2023.

In 2018, Libya exported $657M to Romania. The main products exported from Libya to Romania were Crude Petroleum ($653M) and Iron Ore ($4.43M). During the last 5 years the exports of Libya to Romania have increased at an annualized rate of 211%, from $2.28M in 2023 to $657M in 2018.

Exports from Romania () to Libya () (2023)

Exports from Libya () to Romania () (2023)

Latest Data

Trade between Romania () and Libya ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Romania than Libya included Germany ($19.9B), Hungary ($4.22B), and Bulgaria ($4.03B).

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

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

Comparative Advantage Romania - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Libya in the exports of Mineral Products ($170M), Animal Products ($19.8M), and Vegetable Products ($18.7M).

During 2018, Libya had a large net trade with Romania in the exports of Mineral Products ($657M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Libya+$9.09MRefined Petroleum

Top Product Potential Libya Romania+$59kElectrical Control Boards

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 Romania and Libya. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Romania.

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Libya () (2023)

Exports from Libya () to Romania () (2023)

Latest Data

Trade between Romania () and Libya ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Romania - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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