Italy tops list of Libyan trading partners with 6.37 billion euros

Italy tops list of Libyan trading partners with 6.37 billion euros

October 18, 2022 - 20:36
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Written By: AbdulkaderAssad

Italy topped the list of Libya's trading partners with a volume of 6.37 billion euros during the period from January to the end of July 2022, followed by China with 2.95 billion euros, and Spain with 2.44 billion euros.

Italian news agency Nova cited data issued by the External Promotion Agency for Italian Companies in Tripoli as showing that trade exchanges between Italy and Libya increased by 83.68% in the first seven months of this year, compared to the same period last year. The sum was divided to Libyan exports worth 5.27 billion euros, and imports worth 1.11 billion euros.

The data pointed out that the fourth trading partner was Greece with 2.39 billion euros, followed by Germany in fifth place with 2.37 billion euros, then Turkey in sixth place worth 1.94 billion euros, and the United States in seventh place with 1.38 billion euros.

Italy is also the third exporting country to Libya after Turkey, which leads the list with 1.54 billion euros in exports (an increase of 22.30% compared to the first seven months of 2021), a market share of 17.23%, and China is in second place with 1.22 billion euros in exports - an increase of 17.37% compared to 2021 and a market share of 13.62%.

According to the data, Italian exports to Libya have grown since the beginning of 2022 by 71.24%, compared to the same period in 2021, with sales of 1.11 billion euros, and a market share of 12.38%. Imports to Italy from Libya grew by 86.53% in the same period, with a value of 5.27 billion euros.

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