Libya's Foreign Trade 2022-2006

(A Study in Economic Geography)

Abstract

Libya's foreign trade is one of the most important economic activities that distributes its products to various global markets. The research aimed to analyze the volume of foreign trade in Libya for the period (2006-2022). The study relied on the descriptive and analytical approach, and the most important  This study concluded that geographical factors influence the country's foreign trade. Its geographical location overlooking the Mediterranean Sea gives it access to European Union (Eurozone) markets and other global markets, as well as the availability of transportation, including important seaports for trade. The population size also increases the country's exports and imports. In 2022, it reached 7,062,408 million people, up from 5,298,152 million in 2006. Trade volume reached 72,785 million Libyan dinars and 262,939 million Libyan dinars, respectively. The crude oil sector dominated the country's exports, accounting for more than 90% of total exports. The study recommended increased attention to non-oil economic sectors, such as agriculture and industry, in order to increase and diversify production in the country.