Exporting to Libya

With a population of nearly 7 million and an area of 1.8 million square kilometers, Libya is an Arab country located in the north of Africa. The country, which has high hydrocarbon revenues, earns the majority of its export income from this sector. Like most Arab countries, it has rich underground resources. Together with oil exports, Libya has also developed natural gas exports and is ranked 92nd in the list of world economies. Due to the desert that makes up 90% of Libya, the country is not suitable for agriculture and imports almost all of its food needs and agriculture-based products from abroad. Trade relations with Libya, which imports many products from Turkey, are in good condition.

How to Export to Libya?

As a country that imports most of its needs due to its geographical position, Libya opens up opportunities for companies in the export business. Accepting many products from A to Z, Libya also has a significant demand for technological products. It mainly imports machine parts, chemical products, and textiles. There are certain well-known online shopping sites in the country where e-commerce is also developing. Sites like Amazon, Zanomy, and Souq offer great opportunities for product sales and showcasing. It will be useful for exporting companies to examine these factors.

In Libya, where over 1 million Turks are estimated to live, you must conduct detailed research to find your target audience and sell the right products for your company. In this regard, as ODS Consulting Group, we provide the most accurate financial and strategic consulting to help you grow your market and find the most permanent place in your trade system.

What Companies Export to Libya?

In the export of Libya, which involves many sectors, it is seen that electrical and electronic products hold a significant share. Additionally, in Libya, where jewelry and home decor are valued, Turkish carpets and furniture are also in demand. In this direction, the increasing export of furniture and carpets offers an important sales opportunity for Turkish companies. Knowing which product to sell, where, to whom, and how are some of the important questions. Identifying your target audience and managing the right marketing strategies should be your priority. Selling and displaying a product correctly will assist you in going global. Examining companies that have exported and are exporting to Libya will also guide you.

What Documents Are Required for Exporting to Libya?

To carry out e-Export to Libya, the necessary documents can be requested by both our country and other countries. Authorized express cargo companies will already request some necessary documents from you for the e-export processes you will conduct over cargo.
● Electronic Commerce Customs Declaration (ETGB)
● Commercial Invoice
● International cargo delivery documents
● A.TR Movement Certificate

What Are the Export Taxes to Libya?

Imported products shipped via mail or express cargo with a fee of 22 Euros per shipment are exempt from tax. In exports, i.e., the products you send, Libya does not apply tax exemption.

Taxes of up to 20% on products are applied in Libya for exports.

What Are the Export Procedures to Libya?

Libya has been a country that has experienced civil war in the last 10 years.

During the civil war process, Western countries closed the foreign currency accounts of the Libyan government. This decision has caused many companies that have exported to Libya to suffer.

The political stability in the country, where conflicts are still ongoing among rival groups, has not been fully established.

It is beneficial to assess the political risk before proceeding to the export transaction in the processes to be carried out.

What Products Are Exported to Libya?

• Chemical Substances and Products
• Ready-Made Clothing and Confectionery
• Furniture, Paper, and Forest Products
• Grains, Pulses, Oilseeds and Products
• Aquatic Products and Animal Products
• Electrical Electronics
• Jewelry
• Steel
• Iron and Non-Ferrous Metals
• Carpets
• Machinery and Parts
• Leather and Leather Products
• Automotive Industry
• Fruit and Vegetable Products
• Textiles and Raw Materials
• Air Conditioning Industry
• Dried Fruits and Products
• Cement, Glass, Ceramics, and Clay Products
• Mining Products
• Hazelnuts and Products
• Fresh Fruits and Vegetables
• Other Industrial Products
• Ships and Yachts
• Defense and Aerospace Industry
• Olives and Olive Oil
• Ornamental Plants and Products.
• Tobacco

What Is the Trade Volume Between Turkey and Libya?

Exports to Libya have increased by 64.9 percent compared to the previous year. This figure has been recorded as the second highest export figure to Libya.

Last year, Turkey achieved its second highest annual export to Libya with 2.44 billion dollars. The highest figure was seen in 2013 with 2.7 billion dollars. With this figure, Libya accounted for 1.06 percent of Turkey's total exports. Exports in December reached 238.9 million dollars, with a 75% increase compared to the same period of the previous year.

Among the sectors that exported the most products to Libya in 2021, chemical substances and products led with 332 million dollars. This sector increased its exports by 31.9 percent on an annual basis.

Following chemical substances were furniture, paper, and forest products at 298.1 million dollars, jewelry at 281.8 million dollars, grains, pulses, oilseeds, and products at 251 million dollars, ready-made clothing and confectionery with 246.5 million dollars.

Exports to Libya in electrical and electronics amounted to 170.8 million dollars, steel to 146.3 million dollars, iron and non-ferrous metals to 127.5 million dollars, carpets to 96.9 million dollars, machinery and parts to 86.6 million dollars, cement to 55.6 million dollars, and the automotive industry to 54.3 million dollars.