Libya ranked as the fifth-largest buyer of gold and jewelry from Turkey over the past year, according to data published by the Anadolu Agency, underscoring Libya’s growing presence in the regional luxury goods market despite ongoing economic and political challenges.
The report showed that Turkish jewelry exports to Libya reached approximately $356.2 million, placing the country among Turkey’s top global destinations for gold and precious metal products. The figures highlight sustained Libyan demand for jewelry and gold, driven largely by consumer preferences, investment behavior, and the role of gold as a store of value amid economic uncertainty.
Anadolu Agency noted that Libya’s strong position reflects broader trends in the Turkish jewelry sector, which continued to expand its reach across international markets. While European and Gulf countries dominate overall export growth, Libya’s performance stood out within North Africa and the Mediterranean region.
In terms of export growth, Switzerland led the increase in the value of Turkish jewelry imports, benefiting from its role as a global hub for gold refining and trade. The United Arab Emirates also maintained a strong performance, reinforcing its status as a key regional center for gold trading and luxury goods. Together, these markets illustrate the widening geographic footprint of Turkey’s jewelry exports.
Libya’s ranking among the top five buyers points to resilient demand in the country’s luxury and investment segments. Market observers say that gold remains particularly attractive to Libyan consumers as a hedge against currency fluctuations and inflation, as well as a traditional store of wealth.
