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Pricing

2022
Flag → Flag
Exports $59.5MRnk 102 / 215
2022
Flag → Flag
Top Product $31.7MCars
2022
Flag → Flag
Exports $109kRnk 51 / 79
2022
Flag → Flag
Top Product $70.5kFrozen Fruits and Nuts
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

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 73%,  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).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$5.42M and imported C$727 from Libya, resulting in a positive trade balance of C$5.41M. Between June 2023 and June 2024 the exports of Canada have increased by C$978k (22%) from C$4.44M to C$5.42M, while imports increased by C$471 (184%) from C$256 to C$727.

Trade In June 2024, the top exports of Canada to Libya were Cars (C$2.44M), Electrical Transformers (C$954k), Other Small Iron Pipes (C$482k), Electric Generating Sets (C$233k), and Packaged Medicaments (C$160k). In June 2024 the top imports of Canada from Libya were Tropical Fruits (C$18.2k).

Origins In June 2024 the exports of Canada were mainly from Quebec (C$2.1M), Ontario (C$1.94M), Alberta (C$1.3M), and Nova Scotia (C$75.4k), while imports destinations were mainly Alberta (C$617) and Ontario (C$110).

Growth In June 2024, the increase in Canada's year-by-year exports to Libya was explained primarily by an increase in product exports in Commodities not elsewhere specified (C$3.31k or 16.3%). In June 2024, the increase in Canada's year-by-year imports  from Libya was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$978k(22%)
IMPORT GROWTH (June 2023 - June 2024)C$471(184%)
MAIN EXPORTER (June 2024)QuebecC$2.1M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Libya and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Libya and Canada Data

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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 73%, 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 DestinationUnited States$438B
Libya
Top DestinationItaly$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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