2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH
-50.6%CURRENT US$
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2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$6,716CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-57.4%CURRENT US$
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About

Canada-Libya Trade: In 2022, Canada exported $59.5M to Libya. The main products that Canada exported to Libya were Cars ($31.7M), Wheat ($12.4M), and Packaged Medicaments ($1.91M). Over the past 5 years the exports of Canada to Libya have increased at an annualized rate of 31.3%, from $15.3M in 2017 to $59.5M in 2022.

In 2022, Canada did not export any services to Libya.

Libya-Canada Trade: In 2022, Libya exported $109k to Canada. The main products that Libya exported to Canada were Frozen Fruits and Nuts ($70.5k), Coffee ($12.4k), and Honey ($7.85k). Over the past 5 years the exports of Libya to Canada have decreased at an annualized rate of 79.2%,  from $279M in 2017 to $109k in 2022.

In 2022, Libya did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $59.5M to Libya. The main products exported from Canada to Libya were Cars ($31.7M), Wheat ($12.4M), and Packaged Medicaments ($1.91M). During the last 5 years the exports of Canada to Libya have increased at an annualized rate of 31.3%, from $15.3M in 2017 to $59.5M in 2022.

In 2017, Libya exported $109k to Canada. The main products exported from Libya to Canada were Frozen Fruits and Nuts ($70.5k), Coffee ($12.4k), and Honey ($7.85k). During the last 5 years the exports of Libya to Canada have decreased at an annualized rate of 79.2%, from $279M in 2022 to $109k in 2017.

Exports from Canada (Flag) to Libya (Flag) (2022)

Exports from Libya (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Libya
Top Destination
Italy$9.26B

This map shows whether countries import more from Canada or Libya. Each country is colored based on the difference in imports they receive from Canada and Libya or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Libya included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Libya than Canada included Italy ($9.26B), Greece ($2.25B), and Spain ($3.48B).

Difference in imports from Libya (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Libya

Flow
Scale

This chart compares trade between Canada and Libya by product, considering products traded by both, Canada and Libya.

During 2022, Canada had a large net trade with Libya in the exports of Transportation ($32.1M), Vegetable Products ($12.5M), and Machines ($6.5M).

During 2017, Libya had a large net trade with Canada in the exports of Vegetable Products ($90.4k), Foodstuffs ($7.9k), and Animal Products ($7.85k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Libya+$14.1MCars
Top Product Potential Libya Canada+$33.8kTropical Fruits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Libya. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Libya (Flag) (2022)

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