Libya

India and Libya had strong economic ties before the civil unrest. The Indian Mission has been temporarily relocated in D’jerba (Tunisia)

Indian companies have been active in Libya for over 30 years.

Several oil & gas, power generation, infotech and construction sectors have projects in Libya

At present there is a ban on travel to Libya

US$ 0.07mn
FDI inflows into India from April 2000 to March 2021

US$ 224mn

Bilateral trade value in 2020-2021

1,502
Overseas Indians living in Libya

Oil and gas

Libya holds the largest amount of proved crude oil reserves in Africa

5th

largest amount of proved natural gas reserves in Africa

Rebuilding

Nation rebuilding will be a priority once peace is re-established in the region

Strategic Location

Libya is an important link between Africa and Europe

Investor benefits

Free repatriation of earned profits and free transfer of capital between countries

A summary of the bilateral engagements between India and Libya.

India's Exports and Imports to Libya

Dated: 06/02/2023
Values in US $ Millions

Country / Region: LIBYA

S.No.	\Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
1.	EXPORT	121.96	156.76	184.40	153.91	239.60
2.	%Growth		28.53	17.63	-16.53	55.67
3.	India’s Total Export	303,526.16	330,078.09	313,361.04	291,808.48	422,004.40
4.	%Growth		8.75	-5.06	-6.88	44.62
5.	%Share	0.04	0.05	0.06	0.05	0.06
6.	IMPORT	100.64	146.16	43.09	70.52	358.20
7.	%Growth		45.23	-70.52	63.66	407.95
8.	India’s Total Import	465,580.99	514,078.42	474,709.28	394,435.88	613,052.05
9.	%Growth		10.42	-7.66	-16.91	55.43
10.	%Share	0.02	0.03	0.01	0.02	0.06
11.	TOTAL TRADE	222.60	302.92	227.49	224.43	597.80
12.	%Growth		36.08	-24.90	-1.34	166.36
13.	India’s Total Trade	769,107.15	844,156.51	788,070.32	686,244.36	1,035,056.45
14.	%Growth		9.76	-6.64	-12.92	50.83
15.	%Share	0.03	0.04	0.03	0.03	0.06
16.	TRADE BALANCE	21.33	10.61	141.31	83.40	-118.60
17.	India’s Trade Balance	-162,054.83	-184,000.33	-161,348.24	-102,627.40	-191,047.65