Merchandise Trade Balance in Libya
The merchandise trade balance in Libya averaged USD 7.1 billion in the decade to 2023. The 2023 reading was USD 13.9 billion. For more information on trade, visit our dedicated page.
Libya Trade Chart
Note: This chart displays Trade Balance (USD billion) for Libya from 2012 to 2024.
Source: Macrobond.
Libya Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 0.2 | 15.3 | 20.1 | 13.9 | 11.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lybian trade projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Lybian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Lybian trade projections.
Want to get access to the full dataset of Lybian trade forecasts? Send an email to info@focus-economics.com.