Libya

Libya ranked No. 88 in total trade value through March with a total of $337.01 million. Exports totaled $121.96 million and Imports totaled $215.05 million, a deficit of $93.09 million.

U.S. trade with Libya rose to $337.01 million through March

Libya’s trade with the United States rose to $337.01 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.19 percent below its total trade during the same time period last year. U.S. exports to Libya increased 25.82 percent while U.S. imports from Libya fell 20.4 percent. The U.S. deficit with Libya was $93.09 million.

Through March, 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 Savannah, Ga.; No. 4 Port of New York; and No. 5 Port of Virginia. 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 Houston No. 4 Port of Savannah, Ga. and No. 5 Playa de Ponce Port, P.R.. In the current time period, the top five accounted for 85.61 percent of Libya’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Honolulu, Hawaii rose 9.68 percent to $211.66 million.
    There were no exports. Imports rose 9.68 percent to $211.66 million.
  • Trade with No. 2 Port of Houston rose 98.7 percent to $32.26 million.
    Exports rose 78.49 percent to $28.98 million. Imports totaled $3.28 million.
  • Trade with No. 3 Port of Savannah, Ga. rose 19.29 percent to $19.12 million.
    Exports rose 19.29 percent to $19.12 million. There were no imports.
  • Trade with No. 4 Port of New York rose 16.52 percent to $13.77 million.
    Exports rose 16.52 percent to $13.77 million. There were no imports.
  • Trade with No. 5 Port of Virginia rose 903.69 percent to $11.7 million.
    Exports rose 903.69 percent to $11.7 million. There were no imports.

Libya ranked No. 88 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 87.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 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 $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Libya by value through March were the categories of Passenger vehicles; Soybean oilcake, other solid residue, not ground; Chicken and other poultry; Motor vehicle parts; and Parts for heavy machinery, respectively. They accounted for 69.74 percent of total exports to Libya.

The value of the top five categories of U.S. imports from Libya –– Oil; Acyclic alcohols; Value added to a returned import; Collectors items of historic or botanic interest; and General medical equipment –– accounted for 100 percent of all inbound shipments.

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

  • Passenger vehicles rose 33.18 percent compared to last year to $51.67 million.
  • Soybean oilcake, other solid residue, not ground rose 150.72 percent compared to last year to $20.03 million.
  • Chicken and other poultry rose 294.33 percent compared to last year to $5.37 million.
  • Motor vehicle parts rose 7.77 percent compared to last year to $5.2 million.
  • Parts for heavy machinery rose 1085.48 percent compared to last year to $2.79 million.

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

  • Oil fell 12.41 percent compared to last year to $211.66 million.
  • Acyclic alcohols totaled $3.28 million. The previous year, there were no imports in this category.
  • Value added to a returned import totaled $63,544. The previous year, there were no imports in this category.
  • Collectors items of historic or botanic interest rose 218.26 percent compared to last year to $30,948.
  • General medical equipment totaled $13,552. 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.