Libya: Trade balance, in dollars

* indicates monthly or quarterly data series
 Libya

Trade balance, billion USD

 Latest value 6.97
 Year 2021
 Measure billion U.S. dollars
 Data availability 1977 - 2021
 Average 4.69
 Min - Max -18.50 - 36.16
 Source The World Bank
For that indicator, we provide data for Libya from 1977 to 2021. The average value for Libya during that period was 4.69 billion U.S. dollars with a minimum of -18.5 billion U.S. dollars in 2014 and a maximum of 36.16 billion U.S. dollars in 2008. The latest value from 2021 is 6.97 billion U.S. dollars. For comparison, the world average in 2021 based on 170 countries is 4.97 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Libya - Trade balance, in dollars - Recent values chart

Historical chart
Libya - Trade balance, in dollars - historical chart - 1977-2021




Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 106.18 2021 percent
 Trade openness 136.54 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 42.84 2019 percent
 Exports, billion dollars 34.65 2023 billion U.S. dollars
 Growth of exports -52.56 2020 percent
 Imports, percent of GDP 35.37 2019 percent
 Imports, billion dollars 20.85 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.52 2021 percent
 Foreign Direct Investment, billion dollars 0.60 2021 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2013 million dollars (current)
 Current account, percent of GDP 18.50 2023 percent
 Current account, in dollars 5.68 2021 billion U.S. dollars
 Trade balance, percent of GDP 7.46 2019 percent
 Trade balance, in dollars 6.97 2021 billion U.S. dollars
 Reserves 86.68 2022 billion U.S. dollars
 Remittances, percent of GDP 0.00 2022 percent
 Remittances 0.00 2022 million U.S. dollars
 Net errors and omissions -577.50 2021 million USD
 Foreign exchange reserves 74.45 9/2022 billion
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