Libya Export, Import and Trade

By: EconomyWatch   Date: 30 June 2010

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Middle East and Libya trade

Libya export, import and trade statistics reveal that it is among major export partners of Middle East as far as oil is concerned. However, this oil export is being affected as a result of a pointed decrease in prices of oil. Fact that credit conditions are far from ideal has also contributed to a decline in Libya import of oil from Middle East.

Pakistan and Libya agreements

Pakistan has recently entered into an agreement with Libya that is supposed to be mutually beneficial to both these countries especially in case of Pakistan and Libya export, import and trade.

Zardari, Pakistani premier, has reiterated that there are plenty of opportunities for them to export professionals who are trained in areas such as information technology, telecom, engineering and medicine.

Libya import of Bangladesh manpower

Libya is all set to be a prominent importer of skilled man power that is being generated, in a dedicated manner, for purpose of exporting. For these purposes Bangladesh is also setting up as many as 30 technical training centers.

Malta and Libya trade

Libya or rather markets in Libya have always had strong trading links with Malta. Over years Libya has encouraged companies and entrepreneurs in Malta to come and export their goods and services – they have assisted them to find overseas markets where to sell their products. In a way they have fostered Maltese economy.

Sri Lanka and Libya trade

A number of economic experts in Sri Lanka are of opinion that this South Asian country should utilize economic stability of Libya and export its manpower as that would serve purpose of strengthening of Sri Lankan economy through remittances.

Libya Export and Import Trade Inidicators and Statistics:

Exports: $44.89 billion (2010 est.)
Exports - commodities: crude oil, refined petroleum products, natural gas, chemicals
Exports - partners: Italy 37.65%, Germany 10.11%, France 8.44%, Spain 7.94%, Switzerland 5.93%, US 5.27% (2009)

Imports: $24.47 billion (2010 est.)
Imports - commodities: machinery, semi-finished goods, food, transport equipment, consumer products
Imports - partners: Italy 18.9%, China 10.54%, Turkey 9.92%, Germany 9.78%, France 5.63%, Tunisia 5.25%, South Korea 4.02% (2009)

Source, CIA World Factbook.

 


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