Libya

General Overview:

Population:

6,173,579
includes 166,510 non-nationals (July 2008 est.)

GDP (purchasing power parity):

US $92.01 billion (2008 est.)

GDP per capita (PPP):

US $14,900 (2008 est.)

GDP (real growth rate):

7.3% (2008 est.)

Industries:

petroleum, iron and steel, food processing, textiles, handicrafts, cement

Imports:

US $20.64 billion f.o.b. (2008 est.)

Import commodities:

machinery, semi-finished goods, food, transport equipment, consumer products

Exports:

US $66.13 billion f.o.b. (2008 est.)

Export commodities:

crude oil, refined petroleum products, natural gas, chemicals

Alberta's export to Libya:

CAN $19.13 million (2007)

Alberta's main exports to Libya:

wheat, machinery and oil and gas field equipment

Canada's main exports to Libya:

wheat, machinery and parts for machinery and mineral products

For detailed information about Libya, the following websites provide economic, political and historical information:

For detailed statistical information on Alberta and Canadian exports to Libya, consult the following statistical publications and databases:

Alberta's International Trade Review
An analysis of Alberta's international exports of goods and services. Published by Alberta Employment, Immigration & Industry.
Trade Data Online
Customized reports on Canada's trade with over 200 countries.

Industrial Machinery and Equipment

Libya is embarking on an ambitious program to triple its oil output over the next ten to fifteen years. This will mean numerous opportunities in all areas of the industry.

Initial prospects will come in the seismic, service and training areas. Equipment will follow, but pricing may be tight as Libya puts strict restrictions on their auctioned parcels. Operators will be looking to keep expenses to a minimum. There is also some question of financial backing of some of the winning bidders.

With the planned expansion, Libya could soon supplant Algeria as the main producer in North Africa.

As with other countries in the Middle East-North Africa region, Libya gives preference to companies with local partners, or those who have set invested in the country through opening plants or service centres.

For additional information on business opportunities and resources for market intelligence, visit:

Export Source - Market and Business Opportunities
Online tool for new and experienced exporters.
Virtual Trade Commissioner
Gateway to market information.

Export Alert!
A resource for exporters to learn about changes in foreign export regulations.
Exporter Needs Continuum
Lists services that can benefit your company and who offers them.
Export Resources
Resources for both new and experienced exporters.
International Trade Canada
Sector reports as well as a list of staff contacts that can assist exporters.