What does the US get from Libya?
What does the US get from Libya? The main products that Libya exported to United States were Crude Petroleum ($1.9B), Refined Petroleum ($29.5M), and Collector's Items ($566k). During the last 21 years the exports of Libya to United States have increased at an annualized rate of 9.13%, from $307M in 2000 to $1.93B in 2021.
Why is Libya so poor?
Libya has long been closed off to tourism and international exchange, which limits job opportunities for many. This has been especially problematic in recent years. Since 2014, Libya has been embroiled in civil war, and oil prices have hit a seven-year low.