International Trade in Libya

International Trade in Libya

The extreme political instability, the collapse of oil production and the freezing of Libyan foreign assets in the wake of UN sanctions have ended a relatively high economic growth in recent years (10% in 2010). Thanks to the high price of oil and the wealth of its reserves, exports of... Read more

Increase your business in Libya with Market Reports, Business Tips, Agents & Distributors and Import Export Services.

Exporting/Importing in Libya?
  • We help you find service providers there!

Market Analyses About Libya (0)

We currently have no market analyses posted for Libya.

Be the first to feature your expertise related to Libya. Post any content you may have that features your expertise by clicking on the button below.

Post your content

Import and Export Services in Libya (232)

  • Barghathi & Partners

    Barghathi & Partners

    Accounting Services , Libya

    Barghathi & Partners is one of the Libyan leading accounting and consulting firms providing assurance, tax , payroll...
  • Know It Consulting

    Know It Consulting

    Marketing Consulting, Libya

    Know It Consulting is a marketing consulting firm based in Istanbul, Turkey. At Know It Consulting we assist our clients in building...

Business Tips About Libya (17)

Agents and Distributors in Libya (15)

  • Nawras Shipping

    Nawras Shipping

    Freight Forwarder, Libya

    Address: Noufleen, Wahda Bank Area, Tripoli, 80883 Telephone:  +218 (0)21 340 8642
  • Lights up Professional SARL

    Lights up Professional SARL

    Distributors, Libya

    Distribution of professional lighting systems for Tv Studios and Theatres

Overview About International Trade in Libya

Main Industry Sectors

Libya's main income resource is oil. Holding 40% of the African oil reserves and 3% of the world's reserves, the country is the second largest exporter of "black gold" in Africa. Oil alone represents one fourth of GDP. The construction sector is booming (20% of GDP), on a private level as well as large public infrastructures. The other main industries of the country are food processing, textiles, handicrafts and cement.

Agriculture is the second largest sector in Libya's economy. The country produces wheat, barley, olives, dates, citrus fruits, vegetables, peanuts, soy and livestock. However, the arid climate conditions and the poor quality of the soil limit the production severely. The recent growth in population has caused a considerable rise in food consumption. Therefore, 75% of the food consumed in Libya has to be imported.

 

Economic Overview

The extreme political instability, the collapse of oil production and the freezing of Libyan foreign assets in the wake of UN sanctions have ended a relatively high economic growth in recent years (10% in 2010). Thanks to the high price of oil and the wealth of its reserves, exports of hydrocarbons have allowed the Liby...

News Related to International Trade in Libya