Italy topped the list of Libya’s trade partners for the current year 2024, with a volume of trade exchanges estimated at $13 billion.
According to the United Nations ESCO website, the strong trade relations between the two countries include a group of diverse vital fields such as oil and gas, construction, and manufacturing industries.
The President of the Italian Chamber of Commerce had pointed out, during the activities of the Trans-Mediterranean Migration Forum, the importance of intensive cooperation between Libyan and Italian economic institutions to confront the challenges faced by the Libyan banking system, including difficulties in transferring funds, to enhance Libyan economic stability in the coming years.
