Stable with slight increase due to demand in agricultural and industrial sectors
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for industrial use, subject to documentation and approval by Libyan authorities.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity of Diphosphorus Pentaoxide Between US and Libya
Recent trade data indicates minimal to no significant transactions of diphosphorus pentaoxide, phosphoric acid, or polyphosphoric acids (HS Code: 2809.10 and 2809.20) between the United States and Libya in the past quarter. This reflects ongoing geopolitical constraints and limited industrial demand in Libya for these chemicals.
2023-10-15
Impact: Negligible impact on trade due to historically low trade volumes and lack of industrial infrastructure in Libya for such chemical imports.
US Export Restrictions and Libya's Import Challenges
The US continues to maintain strict export controls on chemical products to Libya due to security concerns and unstable political conditions. No recent shipments of phosphoric acid or related compounds have been recorded.
2023-08-22
Impact: Trade remains stagnant, with US exporters focusing on other markets and Libya facing barriers to importing specialized chemicals.
Libya's Industrial Sector and Chemical Imports from the US
A report by the US International Trade Commission highlighted that Libya's industrial sector is not a significant consumer of diphosphorus pentaoxide or phosphoric acid, leading to negligible trade with the US in this category over the past year.
2023-06-30
Impact: No notable trade impact; the US-Libya chemical trade for these products remains virtually nonexistent.
Policy Updates
US Export Control Policies on Chemical Products to Libya
The US Department of Commerce has reiterated export control measures under the Export Administration Regulations (EAR) for chemical products, including HS Code 2809, to Libya due to national security concerns. Licenses for such exports remain highly restricted.
Date: 2023-09-10
Libya's Import Tariff Adjustments
Libya's interim government announced minor adjustments to import tariffs on industrial chemicals, though specific categories like phosphoric acid (HS Code 2809.20) are still subject to high duties and bureaucratic hurdles, discouraging trade with the US.
