{"id":255204,"date":"2025-10-12T20:04:56","date_gmt":"2025-10-12T18:04:56","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=255204"},"modified":"2025-10-12T20:05:13","modified_gmt":"2025-10-12T18:05:13","slug":"nova-agency-trade-exchange-between-libya-and-italy-declines-heres-why","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/nova-agency-trade-exchange-between-libya-and-italy-declines-heres-why\/","title":{"rendered":"Nova Agency: Trade Exchange Between Libya and Italy Declines \u2014 Here\u2019s Why"},"content":{"rendered":"\n<p>An economic report by the Italian news agency <em>Nova<\/em> on Sunday revealed that the value of trade exchange between Italy and Libya fell to \u20ac4.76 billion between January and June 2025, compared to \u20ac6.02 billion during the same period in 2024 \u2014 a decline of about 21%.<\/p>\n\n\n\n<p>The report attributed this drop to a decrease in imports of the two main components of bilateral trade \u2014 oil and gas \u2014 along with a \u201cpartial rebalancing\u201d of the trade balance in Italy\u2019s favor. Rome\u2019s imports from Libya, mostly energy-related, fell by 25.3%, from \u20ac4.25 billion in the first half of 2024 to \u20ac3.17 billion in 2025. Crude oil was the most affected, with supplies falling to around \u20ac3.3 billion, while the value of gas imports increased by roughly \u20ac267 million, or 25%, compared to 2024.<\/p>\n\n\n\n<p>The report also noted that Italian exports to Libya declined by 14.4%, reaching about \u20ac1.65 billion. Refined products \u2014 one of the main export categories \u2014 totaled \u20ac354 million, down 22%. Multi-purpose machinery recorded \u20ac41 million, a 6% decrease, while exports of wire components rose by 52% to \u20ac64 million. Processed food and beverage exports reached about \u20ac65 million, a slight drop from 2024. Pharmaceutical exports fell by 4% to \u20ac16 million, whereas automobile exports increased by 23% to \u20ac23 million.<\/p>\n\n\n\n<p>The agency added that although Italy\u2019s trade balance with Libya remained negative, the deficit improved from around \u20ac2.25 billion in the first half of 2024 to about \u20ac2.7 billion in 2025, thanks to imports declining faster than exports. The slowdown in trade reflects a contraction in the energy sector, which typically represents over 80% of bilateral trade value. However, some Italian manufacturing sectors \u2014 such as machinery, electrical components, and automobiles \u2014 showed resilience, supported by reconstruction projects in Libya.<\/p>\n\n\n\n<p>The report concluded by affirming that this decline does not affect Italy\u2019s position as Libya\u2019s main trading partner, with expectations that resilient industrial sectors will maintain their strength, driven by demand from ongoing projects in the Libyan market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An economic report by the Italian news agency Nova on Sunday revealed that the value of trade exchange between Italy and Libya fell to \u20ac4.76 billion between January and June 2025, compared to \u20ac6.02 billion during the same period in 2024 \u2014 a decline of about 21%. The report attributed this drop to a decrease [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":255205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[124],"tags":[676,613,905],"class_list":["post-255204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reports","tag-italy","tag-libya","tag-trade"],"acf":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=255204"}],"version-history":[{"count":3,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255204\/revisions"}],"predecessor-version":[{"id":255208,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255204\/revisions\/255208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/255205"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=255204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=255204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=255204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}