Sweden-Libya Bilateral Trade Analysis 2023
Complete trade statistics: $386.55M total volume •Sweden deficit: $386.55M
Sweden → Libya
$0
Exports (2023)
Libya → Sweden
$386.55M
Imports (2023)
Trade Balance
$386.55M
Deficit for Sweden
Total Trade
$386.55M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sweden and Libya. Green line shows exports from Sweden, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Sweden-Libya commercial relationship and competitive positioning in global markets.
Sweden → Libya Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sweden's export portfolio to Libya demonstrates strategic specialization, with turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) representing a key competitive advantage in this bilateral market.
Libya → Sweden Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sweden's import pattern from Libya reveals significant dependencyin oils: petroleum oils and oils obtained from bituminous minerals, crude, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sweden demonstrates competitive strength in exportingturbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) to Libya, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $386.55M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sweden-Libya Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $386.55 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sweden maintains a deficit of $386.55 million
- Export Focus: Sweden's primary exports include turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers), wood: coniferous species, of pine (pinus spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
- Import Dependencies: Key imports from Libya include oils: petroleum oils and oils obtained from bituminous minerals, crude, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, fruit, edible: dates, fresh or dried
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $386.55M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Sweden leveraging its comparative advantages in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Sweden's specialization in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers)complements Libya's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in oils: petroleum oils and oils obtained from bituminous minerals, crude.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $386.55M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $386.55M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $386.55 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) and oils: petroleum oils and oils obtained from bituminous minerals, crude demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sweden's trade deficit of $386.55 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Sweden and Libya represents a total trade volume of $386.55 million in 2023. This partnership demonstrates an unfavorable trade balance for Sweden, with imports exceeding exportsby $386.55 million.
Export Strengths
Sweden's exports to Libya total $0.00, with competitive advantages in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers), representing $23.50M orInfinity% of bilateral exports.
Import Dependencies
Imports from Libya amount to $386.55 million, highlighting economic interdependence in oils: petroleum oils and oils obtained from bituminous minerals, crude, with Oils: petroleum oils and oils obtained from bituminous minerals, crude comprising99.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Sweden's strategic sourcing from Libya. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Sweden and Libya in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023