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Libya imported more than $350 million worth of gold and jewelry from Türkiye over the past year, ranking as the fifth-largest buyer of Turkish precious metal exports, according to data published by Anadolu Agency (AA).
The data showed that Turkish jewelry exports to Libya reached approximately $356.2 million, placing the North African country among Türkiye’s top global destinations for gold and precious metal products.
The figures point to sustained demand for jewelry and gold in Libya, despite ongoing economic and political challenges.
According to the report, Libyan demand is driven by consumer preferences, investment behavior, and gold’s role as a store of value amid economic uncertainty.
Anadolu Agency noted that Libya’s strong performance reflects broader trends in the Turkish jewelry sector, which continues to expand across international markets.
While European and Gulf countries account for much of Türkiye’s overall export growth, Libya stood out within North Africa and the Mediterranean region.
In terms of export growth, Switzerland recorded the largest increase in the value of Turkish jewelry imports, benefiting from its position as a global hub for gold refining and trade.
The United Arab Emirates also maintained a strong performance, reinforcing its role as a key regional center for gold trading and luxury goods.
Libya’s place among the top five buyers highlights resilient demand in its luxury and investment segments.
Market observers cited in the report said gold remains particularly attractive to Libyan consumers as a hedge against currency fluctuations and inflation, as well as a traditional means of preserving wealth.
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