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Export Market

Libya

ISO: LY / LBY

Country Profile

Capital Tripoli
Population 7.5M
GDP $48.5B (2024)
GDP per Capita $6,569
Income Level Upper-Middle Income
Currency Libyan dinar (LYD ل.د)
Language Arabic
Timezone UTC+01:00
Region Africa · Northern Africa

Trade Partners

Libya Exports To

  • Italy 23.0%
  • Germany 15.0%
  • Spain 9.0%
  • France 7.0%
  • China 6.0%

Key exports: crude petroleum, natural gas, refined petroleum, gold, scrap iron (2023)

Libya Imports From

  • China 17.0%
  • Turkey 15.0%
  • Italy 8.0%
  • UAE 8.0%
  • Egypt 8.0%

Key imports: refined petroleum, broadcasting equipment, tobacco, garments, cars (2023)

Economic Overview

upper middle-income, fossil fuel-based North African economy; 31% economic contraction due to COVID-19 and 2020 oil blockade; reduced government spending; central bank had to devalue currency; public wages are over 60% of expenditures

Government: in transition

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Libya. Standard WTO terms apply.

Geographic Region

Africa

Trading Bloc Memberships

Libya is a member of the following trade agreements and economic blocs.

AfCFTA African Continental Free Trade Area Free Trade Area COMESA Common Market for Eastern and Southern Africa Free Trade Area UK Agreement

Export Guidance

Relevant guidance for exporting to Libya.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇩🇿 Algeria 🇧🇼 Botswana FTA 🇨🇲 Cameroon FTA 🇪🇬 Egypt FTA 🇸🇿 Eswatini FTA 🇪🇹 Ethiopia 🇬🇭 Ghana FTA 🇨🇮 Ivory Coast FTA

Official Resources

Government export support for Libya.

great.gov.uk Market Guide → GOV.UK Country Information →
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