What are the major exports of Libya?

The most recent exports are led by Crude Petroleum ($31.3B), Petroleum Gas ($1.31B), Refined Petroleum ($879M), Gold ($798M), and Scrap Iron ($235M). The most common destinations of the exports of Libya are Italy ($7.96B), Germany ($5.16B), Spain ($3.08B), France ($2.64B), and China ($2.2B).

How is energy used in Libya?

Total energy supply (TES) includes all the energy produced in or imported to a country, minus that which is exported or stored. It represents all the energy required to supply end users in the country.

How much oil does Libya export?

Crude oil and natural gas export revenues are a significant part of Libya’s economy, accounting for an estimated 97% of Libya’s total government revenues and an estimated 93% of the country’s total value of exports in 2023.13 We estimate that Libya’s net oil export revenues totaled $30 billion in 2023, similar to 2022 totals.

What is Libya's most valuable export product?

At the more granular four-digit Harmonized Tariff System code level, crude oil represents Libya’s most valuable exported product at 90.3% of the country’s total.

What fuel does Libya use?

Libya fueled its electricity generation with natural gas (71%) and oil (29%) in 2022.63 Diesel and fuel oil accounted for most of the petroleum used in power plants, although the Ubari power plant at the Sharara oil field uses crude oil as a fuel.

What are the top imports of Libya in 2023?

In 2023, the top imports of Libya were Refined Petroleum ($4.57B), Broadcasting Equipment ($911M), Rolled Tobacco ($633M), Cars ($573M), and Jewellery ($417M). The top origins were China ($3.9B), Turkey ($3.26B), Italy ($1.84B), United Arab Emirates ($1.83B), and Egypt ($1.79B).