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Turkey-Libya Economic and Trade Relations

Economy of Libya (2014)

GDP (billion USD)

63

Inflation rate (%)

3,5

GDP growth rate (%)

-5,2

Unemployment rate (%)

15

Population (million)

6,3

Exports (fob-billion USD)

38,5

Population growth rate (USD)

3,08

Import (cif-billion USD)

24,4

GDP per capita (USD)

8.636

 

Resource: Turkish Embassy in Libya

Main trade partners: Italy, France, China, Turkey

Main export items:
Mineral fuels, iron and steel, pearls, valuable stones, minerals

Main import items: Mineral fuels, machines, electrical and electronic equipment

Bilateral Trade Statistics:

YEAR

EXPORTS

IMPORTS

VOLUME

BALANCE

2011

748

139

887

609

2012

2.140

416

2.556

1.724

2013

2.754

304

3.058

2.450

2014

2.060

249

2.309

1.811

2015

1.420

196

1.616

1.224

Resource: TUİK (Million USD)

Main export items: Iron and steel , furniture, machinery

Main import items: Pearls and precious stones, petroleum products, aluminum

Number of Libyan visitors : 25.662 (2014), 4.984 (2015)

Bilateral Economic Mechanisms:

- Joint Economic Commission (JEC): The 21st JEC meeting of the Commission was held on 20-22 July 2009, in Ankara.

- Business Council: Last meeting of the Business Council was held on 6th April 2010, in Tripoli.