2023
Flag  
GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP
$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH
-40.2%CURRENT US$
Rnk 194 / 195
2023
Flag
GDP PC 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC
$6,173CURRENT US$
Rnk 112 / 196
2013-2023
Flag
GDP PC GROWTH
-48.4%CURRENT US$
Rnk 193 / 195

About

Canada-Libya Trade: In 2023, Canada exported $98.4M to Libya. The main products that Canada exported to Libya were Cars ($40.8M), Other Heating Machinery ($33.2M), and Electrical Transformers ($5.32M). Over the past 5 years the exports of Canada to Libya have increased at an annualized rate of 19.7%, from $40M in 2018 to $98.4M in 2023.

In 2023, Canada did not export any services to Libya.

Libya-Canada Trade: In 2023, Libya exported $112k to Canada. The main products that Libya exported to Canada were Flavored Water ($43.8k), Other Sugars ($38.7k), and Tropical Fruits ($13.5k). Over the past 5 years the exports of Libya to Canada have decreased at an annualized rate of 73.8%,  from $90.8M in 2018 to $112k in 2023.

In 2023, Libya did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $98.4M to Libya. The main products exported from Canada to Libya were Cars ($40.8M), Other Heating Machinery ($33.2M), and Electrical Transformers ($5.32M). During the last 5 years the exports of Canada to Libya have increased at an annualized rate of 19.7%, from $40M in 2018 to $98.4M in 2023.

In 2018, Libya exported $112k to Canada. The main products exported from Libya to Canada were Flavored Water ($43.8k), Other Sugars ($38.7k), and Tropical Fruits ($13.5k). During the last 5 years the exports of Libya to Canada have decreased at an annualized rate of 73.8%, from $90.8M in 2023 to $112k in 2018.

Exports from Canada (Flag) to Libya (Flag) (2023)

Exports from Libya (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Libya
Top Destination
Italy$7.96B

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 2023, countries that imported more from Canada than Libya included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Libya than Canada included Italy ($7.96B), Greece ($2.2B), and Austria ($1.16B).

Difference in imports from Libya (Flag) and Canada (Flag) (2023)

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 2023, Canada had a large net trade with Libya in the exports of Machines ($47.5M), Transportation ($43.1M), and Instruments ($3.16M).

During 2018, Libya had a large net trade with Canada in the exports of Foodstuffs ($90k), Vegetable Products ($15.5k), and Textiles ($2.88k).

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) (2023)

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