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Libya is the 85th largest export economy in the world. In 2016, Libya exported $9B and imported $9.7B, resulting in a negative trade balance of $735M.

The top exports of Libya are Crude Petroleum ($4.5B), Gold ($2.86B), Petroleum Gas ($838M), Refined Petroleum ($370M) and Scrap Copper ($63.3M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.09B), Passenger and Cargo Ships ($432M), Gas Turbines ($218M), Packaged Medicaments ($197M) and Other Pure Vegetable Oils ($190M).

The top export destinations of Libya are the United Arab Emirates ($2.8B), Italy ($1.84B), Spain ($859M), Germany ($559M) and France ($511M). The top import origins are Italy ($1.19B), China ($1.18B), Turkey ($904M), South Korea ($717M) and the United Arab Emirates ($630M).

Libya borders Algeria, Egypt, Niger, Sudan, Chad and Tunisia by land and Greece, Italy and Malta by sea.

Economic Complexity of Libya

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