Libya - Foreign trade



Libya has long enjoyed a favorable trade balance because of exports of crude oil, mostly to Europe. Crude petroleum and petroleum products make up the majority of Libya's export commodity market (93%). Other exports include natural and manufactured gas (3.1%), hydrocarbons (1.5%), and fertilizers (1.1%). In 1997 Libya's imports were distributed among the following categories:

Libya

Consumer goods 13.7%
Food 19.4%
Fuels 0.2%
Industrial supplies 29.0%
Machinery 24.9%
Transportation 12.6%
Other 0.2%

Principal trading partners in 1999 (in millions of US dollars) were as follows:

Libya

COUNTRY EXPORTS IMPORTS BALANCE
Italy 2,987 756 2,231
Germany 1,507 599 908
Spain 1,085 116 969
France 510 228 282
Vietnam 449 n.a. n.a.
Tunisia 321 142 179
Switzerland 105 171 -66
United Kingdom 104 266 -162
Korea n.a. 322 n.a.
Japan n.a. 203 n.a.

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