Libya: Italy top trade partner
The data published by the economic observer MiSE regarding the first quarter of 2013 once again placed Italy as first among Libya’s suppliers, with a market share of 13.8%. In the first half of the current year trade between the two countries also increased by approximately one percentage point and Italian exports by over 21.6%. According to International Trade Centre data for 2012, Italy holds a 16.5% share of the Libyan import market, followed by China (12.7%), Turkey (11.4%) and Egypt (7.7%). More in general, the ITC data show increased 2012 imports of up to 18.8 billion USD, in other words back to pre-war levels. Libyan exports amounted to 57.7 billion USD, substantially up from pre-war figures (49 billion in 2010). According to the latest data, fuel oil and derivates account for approximately 98% of Libyan exports: crude oil (88.5%), natural gas (6.3%) refinery products (4.6%). Italy is by far that northern African country’s principal client, with a 28.7% share, followed by Germany (12.2), China (11%), France (9.6%) and Spain (7.4%).