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Libya

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

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Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
31
10
4
Exports (in USD Mill.) 2024
Imports (in USD Mill.) 2024
Balance (in USD Mill.) 2024
567.2
1465.6
-898.3

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Trade.Gov Fact Sheet

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

Implications

As of Sunday, April 20, 2025, the most significant recent update regarding tariffs on Libya involves actions taken by the United States. United States Tariffs on Goods from Libya: On April 2, 2025, the Trump administration announced new "reciprocal tariffs" on imports from numerous countries, including Libya.   Libyan exports to the United States are now subject to a 31% tariff.   The U.S. administration stated that this measure is part of a "trade rebalancing" initiative, noting that Libya imposes a 61% tariff on imports from the United States.   However, on April 9, 2025, the U.S. announced a 90-day pause on these reciprocal tariffs for most countries.   Crucially, Libya was NOT explicitly mentioned as being included in this 90-day pause. This suggests that the 31% tariff on Libyan exports to the U.S. remains in effect. Libya's Perspective on the US Tariffs: The Libyan Customs Authority has stated that the newly imposed U.S. tariffs are unlikely to have a significant impact on Libya.   They clarified that Libya does not export substantial manufactured goods to the United States, with the majority of its exports being crude oil.   News reports indicate that crude oil often receives exemptions from such newly imposed tariffs. The Libyan Customs Authority also highlighted that Libya already imposes a 61% tariff on U.S. imports, further limiting the trade exchange between the two countries.   Potential Impact on Libya: Despite the Libyan Customs Authority's assessment, some reports suggest that the 31% tariff could significantly impact Libya's exports to the U.S., particularly crude oil, which constituted the vast majority of its $1.57 billion exports to the U.S. in 2023. Simulations suggest that these tariffs could lead to a near-total collapse of Libyan exports to the U.S. due to a loss of competitiveness. There is a possibility that these tariffs could push Libya to strengthen trade ties with other global players, such as China and Russia. Libyan Trade Policy in General: Libya's foreign trade is heavily reliant on oil exports.   The average applied tariff rate in Libya is relatively low, around 5.2%. Libya is a member of the Greater Arab Free Trade Area (GAFTA), offering tariff exemptions with other member countries.   Libya has applied for accession to the World Trade Organization (WTO), but negotiations have been stalled due to the ongoing internal conflict.   In summary, the most recent tariff update concerning Libya is the imposition of a 31% tariff by the United States on Libyan exports. While the U.S. has paused these new tariffs for most countries, it's not definitively clear if Libya is included in this pause. The Libyan Customs Authority believes the impact will be minimal due to the nature of their exports to the U.S., but other reports suggest potentially significant consequences, especially for oil exports.

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