Since 1963, Libya has often had a positive trade balance. Although agricultural items, hides, and skins are also exported, crude petroleum accounts for almost all of its exports. Farm machinery, consumer products, agricultural commodities, and equipment for the oil and construction industries are all imported.
If the situation in Egypt keeps deteriorating, ship lines will refuse to enter its ports. During events like “civil strife” and “acts of God,” steamship lines protect their crews and vessels by anchoring a few miles outside of the port. If the situation does not improve, the vessels head to the nearest port to offload cargo intended for the troubled nation’s port.
