
According to World Bank Reports, 20 billion USD import is expected to Libya in 2021. Over the last five years, most of Libya’s imports concern food and fuels, representing 37 percent of total imports.
Building Libya | Online Exhibition is an online global hub to gather efficiently
thousands of international construction market professionals and actors to showcase
their products to buyers from Northern African region, aiming to support the
construction market during these crucial times. Libya, one of the richest country in
Africa, aims to start new projects by increasing its exports in the construction
industry.
To expand your network and open up to North African market, take your place on the
online platform where hundreds of buyers and exporters meet.
Network within hundreds of buyers LIVE ANYWHERE!
According to World Bank Reports, 20 billion USD import is expected to Libya in 2021. Over the last five years, most of Libya’s imports concern food and fuels, representing 37 percent of total imports.
Libya’s balance of trade becomes to give surplus and becomes 5 times
more balanced.
– Balance of Trade
2016 : - 1,945 Million $
2019 : 10,848 Million $
The balance of payments will remain dependent on hydrocarbon revenues.
The country will also be dependent on imports of fuels, food, and
machiery equipments.
From 2016 to 2019, Libya’s import rates increased 225%. According to WTO data, Libya's exports rose sharply in 2018 amid a recovery in oil production, standing at USD 24.8 billion. At the same time, imports rose to USD 12.8 billion, from USD 10.6 billion a year earlier, bringing the trade balance to a surplus of nearly USD 12 billion.
Machines and transport equipments make up 42.3% of imports
Most important trading countries
1- China 13.0%
2- Turkey 11.6%
3- Italy 8.2%
4- Egypt 7.7%
5- Germany 4.6%
Libya was ranked nineth in the Arab world for the classification of countries according to the new foreign investment projects received in 2018.
Building Libya Online Exhibition gives an experience of real fair ambiance moving physical
fairs into a digital atmosphere. You can experience what you expect from a fair, and even
more on an online platform.
Our user friendly online fair is accessible from computer, tablet and mobile phones,
supporting all browsers. You can gather masses from all around the world online in one
platform.
Representatives of participant firms can interact simultaneously with the visitors live on
the stands. Live chats and video meetings occuring in a digital environment provide you to
make a right assessment and get efficient results.
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