The foreign trade report issued by the Central Bank reveals the extent of the importance of Libyan exports to the European Union countries

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 data relating to the geographical distribution of Libyan exports showed the high relative importance of Libyan exports to the European Union countries, as they reached during that period on average about 59.0% of the total exports. The high relative importance of the national exports to the European Union countries (Eurozone) is due to the characteristics of the economies of these countries as they are industrial countries that depend largely on crude oil. Libyan exports to Asian countries come in second place, reaching during that period on average about 23.6% of total exports.

The report shows that Italy was the most important importer, with an average of 19.0% of what was exported to it during the period of 2018-2021, respectively, of the total value of Libyan exports, while China, Germany and Spain are among the most important countries importing from Libya with 12.4.%, 12.2%, and 11.5%, respectively, during that period.