Libya Trade Balance 1990-2024
External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
- Libya trade balance for 2023 was $13.80B, a 0.64% increase from 2022.
- Libya trade balance for 2022 was $13.71B, a 74.5% increase from 2021.
- Libya trade balance for 2021 was $7.86B, a 277.35% decline from 2020.
- Libya trade balance for 2020 was $-4.43B, a 192.49% decline from 2019.
| Libya Trade Balance - Historical Data |
| Year |
Billions of US $ |
% of GDP |
| 2023 |
$13.80B |
27.33% |
| 2022 |
$13.71B |
24.51% |
| 2021 |
$7.86B |
16.44% |
| 2020 |
$-4.43B |
-6.74% |
| 2019 |
$4.79B |
6.65% |
| 2018 |
$11.84B |
15.45% |
| 2017 |
$4.60B |
6.85% |
| 2016 |
$-5.97B |
-11.95% |
| 2015 |
$-6.07B |
-12.45% |
| 2014 |
$-6.91B |
-12.05% |
| 2013 |
$10.13B |
13.44% |
| 2012 |
$32.86B |
35.51% |
| 2011 |
$6.40B |
13.29% |
| 2010 |
$25.98B |
34.47% |
| 2009 |
$11.46B |
18.85% |
| 2008 |
$39.01B |
44.99% |
| 2007 |
$30.02B |
44.13% |
| 2006 |
$27.61B |
45.94% |
| 2005 |
$17.31B |
36.57% |
| 2004 |
$10.39B |
31.38% |
| 2003 |
$6.31B |
24.02% |
| 2002 |
$2.19B |
10.68% |
| 2001 |
$3.38B |
9.91% |
| 2000 |
$6.83B |
17.83% |
| 1999 |
$2.03B |
5.64% |
| 1998 |
$-0.41B |
-1.51% |
| 1997 |
$1.52B |
4.94% |
| 1996 |
$1.33B |
4.76% |
| 1995 |
$1.73B |
6.76% |
| 1994 |
$0.26B |
0.92% |
| 1993 |
$-1.01B |
-3.30% |
| 1992 |
$1.74B |
5.12% |
| 1991 |
$0.98B |
3.07% |
| 1990 |
$2.47B |
8.55% |
