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Libya

Libya ranked No. 82 in total trade value through August with a total of $1.3 billion. Exports totaled $255.96 million and Imports totaled $1.04 billion, a deficit of $784.97 million.

January – August 2019

Top Trading Ports

Total Trade: $1.3 billion

RankPortTotal YTD
1Port of Honolulu, Hawaii $655,028,635
2Port of Newark $145,371,284
3Port of Wilmington, Dela. $116,601,002
4Port of Houston $54,213,156
5Port of Savannah, Ga. $42,101,257
6Port of Chester, Penn. $38,992,264
7Port of Greater Baton Rouge, La. $34,843,867
8Port of New York $34,466,384
9Port of New Orleans $26,503,687
10Port of Long Beach $21,575,682

U.S. trade with Libya rose to $1.3 billion through August

Libya’s trade with the United States rose to $1.3 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 21.32 percent above its total trade during the same time period last year. U.S. exports to Libya increased 48.79 percent while U.S. imports from Libya rose 16.06 percent. The U.S. deficit with Libya was $784.97 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Honolulu, Hawaii; No. 2 Port of Newark; No. 3 Port of Wilmington, Dela.; No. 4 Port of Houston; and No. 5 Port of Savannah, Ga.. 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 New Orleans. In the current time period, the top five accounted for 78.13 percent of Libya’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Honolulu, Hawaii rose 109.04 percent to $655.03 million.
    There were no exports. Imports rose 109.04 percent to $655.03 million.
  • Trade with No. 2 Port of Newark fell 61.48 percent to $145.37 million.
    Exports rose 260.62 percent to $15.34 million. Imports fell 65.15 percent to $130.03 million.
  • Trade with No. 3 Port of Wilmington, Dela. rose 3.02 percent to $116.6 million.
    There were no exports. Imports rose 3.02 percent to $116.6 million.
  • Trade with No. 4 Port of Houston rose 27.2 percent to $54.21 million.
    Exports rose 33.29 percent to $53 million. Imports fell 57.66 percent to $1.21 million.
  • Trade with No. 5 Port of Savannah, Ga. rose 83.54 percent to $42.1 million.
    Exports rose 83.54 percent to $42.1 million. There were no imports.

Libya ranked No. 82 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 83.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Libya by value through August were the categories of Motor vehicles for transporting people; Rice; Motor vehicle parts; Soybean oilcake, other solid residue, not ground; and Misc. vegetable fats, oils, respectively. They accounted for 66.43 percent of total exports to Libya.

The value of the top five categories of U.S. imports from Libya –– Oil; Gasoline, other fuels; Acyclic alcohols; Parts for cellular communications; and Cell phones, related equipment –– accounted for 99.99 percent of all inbound shipments.

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

  • Motor vehicles for transporting people rose 286.83 percent compared to last year to $119.63 million.
  • Rice rose 18.12 percent compared to last year to $20.9 million.
  • Motor vehicle parts rose 72.76 percent compared to last year to $13.64 million.
  • Soybean oilcake, other solid residue, not ground fell 66.18 percent compared to last year to $7.99 million.
  • Misc. vegetable fats, oils totaled $7.87 million. The previous year, there were no exports in this category.

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

  • Oil rose 9.51 percent compared to last year to $936.96 million.
  • Gasoline, other fuels rose 158.63 percent compared to last year to $92.53 million.
  • Acyclic alcohols totaled $11.28 million. The previous year, there were no imports in this category.
  • Parts for cellular communications totaled $40,350. The previous year, there were no imports in this category.
  • Cell phones, related equipment totaled $32,652. The previous year, there were no imports in this category.

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.