Imports of metal products, machinery and transportation rank first in Libya, and food comes after

Our source obtained exclusively the Foreign Trade Report of Libya 2018-2021 issued by the Research and Statistics Department of the Central Bank of Libya, which contains an analysis of the most important indicators of foreign trade for the Libyan economy during the period of 2018-2021, with the world.

The imports of mineral products, as well as the imports of machinery and transport equipment, ranked first out of the total imports during the period of 2018-2021, as they constituted 39.9% of the total imports. This reflects the weakness and inability of the local market in providing many of the goods and services it needs. It leads to an increase in the degree of external exposure and an increase in the demand for foreign exchange.

Foodstuff imports ranked second in terms of relative importance, constituting 11.4%, while imports of chemical products, plant kingdom, and live animals accounted for 7.3%, 6.7%, and 5.7%, respectively. As for the imports of the rest of the commodity sections, the remaining percentage amounted to about 29.0%. of total merchandise imports.