Libya (LBY) and Canada (CAN) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $109k in 2022.

In 2017, 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 2022 to $59.5M in 2017.

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

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

Latest Data

Trade between Libya () and Canada ()

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Canada
Top DestinationUnited States$438B

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

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

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

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

Comparative Advantage Libya - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Canada in the exports of Vegetable Products ($90.4k), Foodstuffs ($7.9k), and Animal Products ($7.85k).

During 2017, Canada had a large net trade with Libya in the exports of Transportation ($32.1M), Vegetable Products ($12.5M), and Machines ($6.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Canada+$33.8kTropical Fruits

Top Product Potential Canada Libya+$14.1MCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Libya () and Canada ()

Canada Exports

Market Competitiveness

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

Comparative Advantage Libya - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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