Introduction
world-wide trade is the most important sector of the Libyan economy as considered important a supplier of taxation (oil and its derivatives, taxes, customs) and the main source for the various needs of the economy of goods and operate (the Libyan economy still depends largely on imports from abroad) the relative importance of the foreign trade sector did not mixture in the economy during the past four decades, although that the changed its rates and amounts of contribution to gross national product That the continuation of the grammatical construction of exports at the same pace will reduce the opportunities for economic offshoot in the Libyan economy, depending on the financing of imports required for festering and growth of the events of a single source of foreign deputize is subject to economic and political factors beyond the scope of the domestic economy and domestic economic policies.
As well as the turn structure of exports towards diversity, leads to enhance growth opportunities in the Libyan economy and lead to reduced reliance on cutting oil exports to finance domestic investments are required, and lead at the same time to take advantage of the gains that result from the incomes of international trade and its implications for positive economic growth.
As for the structure of imports, which is characterized by diversity of commodity and geographic focus, the increasing import condenser since the beginning of 1963 with the export of oil and synchronized with the processes of economic development, it was probable to cause structural change in the structure of imports. From this focus of this chapter will address a review of developments in the structure of exports and imports and impacts on the conditions of balance of payments and external reserves in extension to trade policies in place
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