Turkey-Libya Economic and Trade Relations

Economy of Libya (2017)

GDP (billion USD)

105,6

Inflation rate (%)

12,5

GDP growth rate (%)

-3

Unemployment rate (%)

17,7

Population (million)

6,7 (2018)

Exports (fob-billion USD)

13,8

GDP per capita (USD)

7.970

Imports (fob-billion USD

9,2

Main trade partners: Italy, Spain, France, China, Turkey
Main export items:
Refined petroleum products, chemicals
Main import items: Machinery, electrical and electronic equipment, food, consumer products

Bilateral Trade Statistics:

YEAR

EXPORTS

IMPORTS

VOLUME

BALANCE

2014

2.060

249

2.309

1.811

2015

1.420

196

1.616

1.224

2016

906

161

1.067

745

2017

880

248

1.128

632

2018

1.498

367

1.865

1.131

Resource: TUİK (Million USD)

Main export items: Textile, furniture, carpets, jewelry, cement and medicine
Main import items: Petroleum products, gold, scrap metals, aluminum

Number of Libyan visitors : 99.395 (2017), 188.312 (2018)

Bilateral Economic Mechanisms:

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