Rome- The Agency for Trade Promotion and Internationalization of Italian Companies confirmed today, Thursday, that Italy is Libya’s first trading partner in the first eleven months of 2022.

According to the Trade Promotion Agency, the volume of trade between Italy and Libya amounted to 11.09 billion euros, an increase of 67.38 percent compared to the same period in 2021, and a market share of 23.19 percent, ahead of China, which recorded an increase of 9.22 percent, with a market share of 4.41 billion euros, and Greece. By 8.31 percent, with 3.97 billion euros, according to what was published by the Italian news agency Nova.

The agency said that Italian exports to Libya recorded a growth, in the first eleven months of 2022, by 73.69 percent compared to the same period in 2021, reaching 1.94 billion euros and a market share of 13.11 percent. Italy, according to the agency, is the third supplier to Libya after Turkey, with a total of 2.46 billion euros and 16.44 percent, with a market share of 16.64 percent, and China with 1.97 billion euros and 22.49 percent and a market share of 13.32 percent compared to the first eleven months of 2021. Greece and Belgium remain in fourth and fifth positions, respectively, with 11.78 percent and 8.17 percent market share. In contrast, imports to Italy from Libya grew by 66.1 percent to 9.15 billion euros.

Italy was confirmed and consolidated, in the first 11 months of 2022, the first market for Libyan exports with a market share of 27.7 percent, ahead of Spain (10.51 percent and 3.5 billion euros), Germany (9.57 percent and 3.16 billion euros), and China. (7.39 percent and 2.44 billion euros).

Source: Libyan News Agency