Libya

Libya ranked No. 99 in total trade value through July with a total of $443.09 million. Exports totaled $227.93 million and Imports totaled $215.16 million, a surplus of $12.77 million.

U.S. trade with Libya rose to $443.09 million through July

Libya’s trade with the United States rose to $443.09 million through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 59.67 percent below its total trade during the same time period last year. U.S. exports to Libya increased 1.64 percent while U.S. imports from Libya fell 75.4 percent. The U.S. surplus with Libya was $12.77 million.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Honolulu, Hawaii; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Port of Savannah, Ga.; and No. 5 Port of New York. During the same period the previous year, the top five 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 Chester, Penn.. In the current time period, the top five accounted for 81.69 percent of Libya’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Honolulu, Hawaii fell 59.01 percent to $211.66 million.
    There were no exports. Imports fell 59.01 percent to $211.66 million.
  • Trade with No. 2 Port of Houston rose 19.14 percent to $51.46 million.
    Exports rose 11.55 percent to $48.18 million. Imports totaled $3.28 million.
  • Trade with No. 3 Port of New Orleans rose 109.65 percent to $50.85 million.
    Exports rose 408.02 percent to $50.84 million. Imports fell 99.91 percent to $12,875.
  • Trade with No. 4 Port of Savannah, Ga. fell 26.06 percent to $27.42 million.
    Exports fell 26.06 percent to $27.42 million. There were no imports.
  • Trade with No. 5 Port of New York fell 32.61 percent to $20.57 million.
    Exports fell 32.61 percent to $20.57 million. There were no imports.

Libya ranked No. 99 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 82.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 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 $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Libya by value through July were the categories of Passenger vehicles; Soybean oilcake, other solid residue, not ground; Chicken and other poultry; Motor vehicle parts; and Plastics, respectively. They accounted for 67.83 percent of total exports to Libya.

The value of the top five categories of U.S. imports from Libya –– Oil; Acyclic alcohols; Returned exports, without change; Collectors items of historic or botanic interest; and Antennas for radio, TV, parts –– accounted for 99.97 percent of all inbound shipments.

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

  • Passenger vehicles fell 34.58 percent compared to last year to $67.91 million.
  • Soybean oilcake, other solid residue, not ground rose 729.67 percent compared to last year to $66.27 million.
  • Chicken and other poultry rose 482.79 percent compared to last year to $9.01 million.
  • Motor vehicle parts fell 40.61 percent compared to last year to $7.18 million.
  • Plastics rose 27.87 percent compared to last year to $4.26 million.

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

  • Oil fell 72.58 percent compared to last year to $211.66 million.
  • Acyclic alcohols fell 67.43 percent compared to last year to $3.28 million.
  • Returned exports, without change totaled $63,544. The previous year, there were no imports in this category.
  • Collectors items of historic or botanic interest rose 473.03 percent compared to last year to $55,721.
  • Antennas for radio, TV, parts totaled $39,825. The previous year, there were no imports in this category.

In the latest annual figures available, Libya recorded $1.92 billion in trade with the United States. Total U.S. exports to Libya were $ 413.44 million and imports from Libya were $1.5 billion. The U.S. deficit with Libya was $1.09 billion.