Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Libya

Libya ranked No. 83 in total trade value through October with a total of $1.35 billion. Exports totaled $202.2 million and Imports totaled $1.14 billion, a deficit of $941.8 million.

January – October 2018

Top Trading Ports

Total Trade: $1.35 billion

RankPortTotal YTD
1Port of Newark $466,966,108
2Port of Honolulu, Hawaii $383,491,221
3Port of Wilmington, Dela. $162,918,816
4Port of Chester, Penn. $66,058,423
5Port of New Orleans $57,061,114
6Port of Houston $51,231,492
7Christiansted Port Terminal, U.S. Virgin Islands $31,228,137
8Port of Savannah, Ga. $27,053,485
9Port of New York $23,589,977
10Port of Virginia $17,356,408

U.S. trade with Libya rose to $1.35 billion through October

Libya’s trade with the United States rose to $1.35 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.74 percent above its total trade during the same time period last year. Libya’s exports increased 78.13 percent while imports rose 3.8 percent. The U.S. deficit with Libya was $941.8 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Honolulu, Hawaii; No. 3 Port of Wilmington, Dela.; No. 4 Port of Chester, Penn.; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Honolulu, Hawaii No. 3 Port of Wilmington, Dela. No. 4 Port of Chester, Penn. and No. 5 Port of Richmond, Calif.. In the current time period, the top five accounted for 84.42 percent of Libya’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 1.73 percent to $466.97 million.
    Exports rose 466.71 percent to $5.87 million. Imports rose 0.67 percent to $461.1 million.
  • Trade with No. 2 Port of Honolulu, Hawaii rose 63.72 percent to $383.49 million.
    There were no exports. Imports rose 63.72 percent to $383.49 million.
  • Trade with No. 3 Port of Wilmington, Dela. rose 42.5 percent to $162.92 million.
    There were no exports. Imports rose 42.5 percent to $162.92 million.
  • Trade with No. 4 Port of Chester, Penn. fell 32.8 percent to $66.06 million.
    There were no exports. Imports fell 32.8 percent to $66.06 million.
  • Trade with No. 5 Port of New Orleans rose 114.52 percent to $57.06 million.
    Exports rose 95.08 percent to $30.05 million. Imports rose 141.27 percent to $27.01 million.

Libya ranked No. 83 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 85.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Libya by value through October were the categories of Motor vehicles for transporting people; Soybean oilcake, other solid residue, not ground; Rice; Poultry, fresh, chilled or frozen; and Electric generating sets, rotary converters, respectively. They accounted for 55.47 percent of total exports to Libya.

The value of the top five categories of U.S. imports from Libya –– Oil; Gasoline, other fuels; Nitrogenous fertilizers; Frozen fish; and Value added to a returned import –– accounted for 99.98 percent of all inbound shipments.

Looking more closely at U.S. exports to Libya:

  • Motor vehicles for transporting people rose 630.75 percent compared to last year to $41.25 million.
  • Soybean oilcake, other solid residue, not ground totaled $23.62 million. The previous year, there were no exports in this category.
  • Rice fell 17.9 percent compared to last year to $19.28 million.
  • Poultry, fresh, chilled or frozen rose 138.99 percent compared to last year to $17.32 million.
  • Electric generating sets, rotary converters rose 724.16 percent compared to last year to $10.7 million.

Looking more closely at U.S. imports from Libya:

  • Oil rose 12.66 percent compared to last year to $1.06 billion.
  • Gasoline, other fuels fell 51.56 percent compared to last year to $70.05 million.
  • Nitrogenous fertilizers fell 24.94 percent compared to last year to $9.75 million.
  • Frozen fish totaled $295,871. The previous year, there were no imports in this category.
  • Value added to a returned import fell 56.44 percent compared to last year to $223,543.

In the latest annual figures available, Libya recorded $1.51 billion in trade with the United States. At year’s end, its were New York City; Honolulu; Philadelphia; New Orleans; and Houston. Total U.S. exports to Libya were $ 134.68 million and imports from Libya were $1.37 billion. The U.S. deficit with Libya was $1.24 billion.