Economy / Libya
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Macroeconomic Forecast Libya
January 2006 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Trade figures issued by the Italian Foreign Trade Institute suggest Libya enjoyed a robust trade balance last year. The institute’s figures for the first nine months of the year indicate a favourable trade balance of US$12.6bn, based on exports of US$21.9bn and imports of US$9.3bn. These broadly concur with BMI’s projections for the full-year of export revenues of US$26.33bn, against imports of US$9.04bn. Libya’s strong crude export performance of last year should continue in 2006, with higher production ameliorating the impact of slightly lower prices. We forecast exports of near US$25bn, with a slight increase in imports – though if the Italian figures are indicative, there may be an upside risk here