Stable with slight increase due to demand for food processing equipment.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for equipment used in development projects approved by Libyan authorities.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity in Machinery for Fats and Oils Extraction Between US and Libya
Recent trade data indicates minimal activity in the export of machinery for the extraction or preparation of animal or fixed vegetable or microbial fats or oils (HS Code: 8479.20) from the United States to Libya, attributed to ongoing political instability and limited industrial demand in Libya.
2023-10-15
Impact: Trade remains constrained due to Libya's internal challenges, reducing demand for specialized machinery and affecting US exporters targeting this market.
US Export Restrictions Impact Machinery Trade with Libya
The US Department of Commerce has maintained strict export controls on certain industrial machinery, including equipment under HS Code 8479.20, to Libya due to security concerns and sanctions history, limiting trade opportunities.
2023-08-22
Impact: Export restrictions continue to hinder potential growth in this sector, with US companies facing compliance challenges for shipments to Libya.
Libya's Reconstruction Efforts May Boost Machinery Imports
As Libya focuses on post-conflict reconstruction, there is potential for increased demand for industrial machinery, including equipment for fats and oils extraction, though current trade with the US remains negligible due to logistical and financial barriers.
2023-06-10
Impact: While future demand may rise, current trade barriers and lack of infrastructure in Libya limit immediate opportunities for US exporters.
Policy Updates
US Maintains Export Controls on Industrial Machinery to Libya
The US Bureau of Industry and Security (BIS) continues to enforce export controls under the Export Administration Regulations (EAR) for dual-use items, including machinery under HS Code 8479.20, requiring licenses for shipments to Libya due to national security concerns.
