China Remains Libya's Largest Import Supplier in 2024

Libya Review

a day ago

Italy remained Libya's largest export destination in 2024, receiving goods worth $6.89 billion, according to data released by the Research and Statistics Department of the Central Bank of Libya. The figure represents a 14% decline compared to 2023.
Germany ranked second with $4.74 billion in imports from Libya, also recording a 10% drop from the previous year. The United Kingdom followed in third place with $2.79 billion, while Greece and Spain came fourth and fifth with $2.626 billion and $2.624 billion respectively, separated by a narrow margin.
The report highlighted that 68% of Libya's exports were directed to the European Union, with Italy accounting for the largest share. The United States received $1.49 billion worth of Libyan exports, ranking sixth, followed by the Netherlands ($1.27 billion) and China ($1.16 billion). At the bottom of the list, Singapore imported just $33.6 million from Libya in 2024, while Turkey recorded $555 million.
Overall, Libya's exports to its top 14 trade partners totalled $27.87 billion, marking a 7.8% decrease compared with 2023, when the figure stood at $31.17 billion.
In a separate report, the Central Bank revealed that Libya's imports from its 16 largest suppliers reached $18.65 billion in 2024, down marginally by 0.8% compared to $18.77 billion in 2023.
China was Libya's top supplier, exporting $3.58 billion worth of goods, though this represented a fall of $350 million from the previous year. Turkey followed with $2.79 billion, while Italy came third with $2.46 billion.
Egypt was the leading Arab supplier and ranked fourth overall with $2.13 billion, ahead of the UAE ($1.63 billion) and Greece ($1.18 billion). Cyprus, Tunisia, Germany, and the United States completed the top ten, while Malta was the smallest supplier, exporting just $31.2 million to Libya. Tags: cblCentral BankChinaeconomyItalylibya