The local market relies on importation, almost 95% of the available commodities in the Libya are imported from the regional and international market, this includes but not limited to food, NFI, pharmaceuticals and medical supplies, and oil products (although Libya exports the crude oil).
However, there is a manufacturing of some food items like dairy products and juice in Libya.
Local traders are usually ready to scale up the volume of importations to meet any extension on local demands, and ready to respond for special procurement request which is not done regularly.
The main challenge for the importers is the lack of liquidity and hard currency in the central bank, and the difficulty to open new L/A and receive hard currency through the governmental banks, thus the importers are obliged to get the required hard currency through the black market which is much higher than the official rate, and resulted to significant accretion in the commodities price.
Shortage of items and delay in importing might occur every now and then due to the current security situation, and lack of liquidity in the country.
Generic country information can be located from sources which are regularly maintained and reflect current facts and figures. For a general overview of country data related to the service and supply sectors, please consult the following sources: The Observatory of Economic Complexity – MIT (OEC).
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