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Libya

Libya ranked No. 79 in total trade value through February with a total of $304.66 million. Exports totaled $65.72 million and Imports totaled $238.94 million, a deficit of $173.21 million.

January – February 2019

Top Trading Ports

Total Trade: $304.66 million

RankPortTotal YTD
1Port of Honolulu, Hawaii $170,685,988
2Port of Newark $42,797,592
3Playa de Ponce Port, P.R. $15,560,495
4Port of Corpus Christi, Texas $12,875,178
5Port of Southern Louisiana, Gramercy, St. James Parish $10,166,253
6Port of Savannah, Ga. $9,773,199
7Port of Houston $9,492,668
8Port of Greater Baton Rouge, La. $7,987,817
9Port of New York $6,872,448
10Port of Long Beach $4,542,506

U.S. trade with Libya rose to $304.66 million through February

Libya’s trade with the United States rose to $304.66 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.97 percent above its total trade during the same time period last year. Libya’s exports increased 34.07 percent while imports fell 0.94 percent. The U.S. deficit with Libya was $173.21 million.

Through February, 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 Playa de Ponce Port, P.R.; No. 4 Port of Corpus Christi, Texas; and No. 5 Port of Southern Louisiana, Gramercy, St. James Parish. 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 New Orleans No. 4 Port of Chester, Penn. and No. 5 Port of Greater Baton Rouge, La.. In the current time period, the top five accounted for 82.74 percent of Libya’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Honolulu, Hawaii rose 226.85 percent to $170.69 million.
    There were no exports. Imports rose 226.85 percent to $170.69 million.
  • Trade with No. 2 Port of Newark fell 63.84 percent to $42.8 million.
    Exports rose 236.95 percent to $3.05 million. Imports fell 66.16 percent to $39.75 million.
  • Trade with No. 3 Playa de Ponce Port, P.R. totaled $15.56 million.
    There were no exports. Imports totaled $15.56 million.
  • Trade with No. 4 Port of Corpus Christi, Texas totaled $12.88 million.
    There were no exports. Imports totaled $12.88 million.
  • Trade with No. 5 Port of Southern Louisiana, Gramercy, St. James Parish totaled $10.17 million.
    Exports totaled $10.17 million. There were no imports.

Libya ranked No. 79 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 81.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Libya by value through February were the categories of Motor vehicles for transporting people; Rice; Soybean oilcake, other solid residue, not ground; Motor vehicle parts; and Provitamins and vitamins, respectively. They accounted for 68.41 percent of total exports to Libya.

The value of the top five categories of U.S. imports from Libya –– Oil; Gasoline, other fuels; Navigational equipment; Cell phones, related equipment; and Collectors items of historic or botanic interest –– accounted for 100 percent of all inbound shipments.

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

  • Motor vehicles for transporting people rose 361.84 percent compared to last year to $21.64 million.
  • Rice fell 42.54 percent compared to last year to $10.17 million.
  • Soybean oilcake, other solid residue, not ground fell 30.46 percent compared to last year to $7.99 million.
  • Motor vehicle parts rose 70.28 percent compared to last year to $2.98 million.
  • Provitamins and vitamins rose 7057.65 percent compared to last year to $2.18 million.

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

  • Oil rose 1.1 percent compared to last year to $210.43 million.
  • Gasoline, other fuels rose 1.9 percent compared to last year to $28.44 million.
  • Navigational equipment totaled $26,255. The previous year, there were no imports in this category.
  • Cell phones, related equipment totaled $22,652. The previous year, there were no imports in this category.
  • Collectors items of historic or botanic interest rose 257.89 percent compared to last year to $9,724.

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.