The economy of Canada is a highly developed mixed-market economy. The U.S. goods and services trade surplus with Canada was $2.4 billion in 2019. Most Canadians will want to interact on a first name basis as quickly as possible. Exports: $241.7 Billion Imports: $351.5 Billion. Canada's exports to the United States totaled $394 billion in 2016, accounting for 76.3% of total exports and 52.2% of total imports. Ohio's top export partner is Canada. The GDP per capita in 2014 was $56100 ranking 10th nominally and 9th by PPP. In 2008, crude oil surpassed passenger cars and light trucks to become Canada's top exported product. Leading the list by just over $14 million, the USA's #1 export in 2021 was pharmaceutical preparations. Top Trading Partners - March 2022 Data are goods only, on a Census Basis, in billions of dollars, unrevised. US has major trade partnerships with many countries like Europe, China, Canada, UK, Japan, Germany, Mexico, South Korea, Vietnam, India, Pakistan, Ireland, Saudi Arabia, and many more. Manufacturing. Canada's exports decline 36.5% week-on-week to 387,200 mt. Energy products was the top goods exports sector, accounting for 20% of Canada's total exports for the past decade . 1. Canada Exports By Country - was last updated on Tuesday, May 31, 2022. The top export categories (2-digit HS) in 2020 . That works out to $14.30 for each man, woman and child living there . Pearson International Airport, Toronto (YYZ) 2018 Cargo in Metric Tons: 560,059. What Are Canada's Top 3 Exports To The Us? The United States imported the most goods from Canada until 2007. when China replaced it as the top exporter to the U.S. The . Canada is the main foreign supplier of crude oil to the United States with their crude oil exports accounting for 48% of the U.S. crude oil imports in 2018. Innovation, Science and Economic Development Canada. For example, in Christmas of 1995, Boston received . In second place for improving export sales was wood which was up by . The US imports more than it exports to other countries. Pearson International in Toronto handled 45% of the Canada's air cargo in 2018 — and nearly 50 . Being bilingual costs Canada about $2.4 billion per year. Exports for 2022: $104.2B. 2. Canada's economic output as measured by gross domestic product (GDP) was $1.77 trillion in 2020. Add refined petroleum products such as gasoline to those exports and the total came to more than $112 billion, or about . In real terms, this equates to nearly 64,000 of the 5,673,454 imports U.S. seaports received in the first half of 2020. Source: U.S. Energy Information Administration, Petroleum Supply Monthly and Natural Gas Monthly. Exports and imports of Canada in 2019 are below, along with number of countries and products. Agriculture and food processing are key components of the Canadian economy and of Canada's trade portfolio. Canada accounted for almost 1.5% of the EU's total external trade in goods in 2020. Thanks to its early colonial history, Canada is a bilingual nation, with about 20 percent of the population, or 7.2 . This is already 70% of the total export value recorded in 2020, and 60% of the 2019 value. Canadian Alberta oil sands have the country's oil reserves with . Canada's imports by source country with 43 percent (2.9 mmt), followed by South Korea at 7 percent (0.5 mmt), China at 5 percent (0.4 mmt), and Japan at 4 percent (0.3 mmt). What Are Canada's Top 3 Exports To The Us? $7.2 billion or 1.6% of its overall imports. Overall Exports and Imports for Canada 2019. Leading the list by just over $14 million, the USA's #1 export in 2021 was pharmaceutical preparations. Despite western Canada experiencing lower oil prices in 2018, the value of exported crude oil was $86.7 billion, or 16% of Canada's $538.1 billion in exported goods. 1. Canada's trade with the US is facilitated by the North American Free Trade Agreement which also includes Mexico, a country which imports 1.51% of Canada's exports. The country exported 96% of their crude oil to their neighbor amounting to 3.5 million barrels of oil per day. 12.1. Canada has a GDP growth rate of an estimated 0.5% which is projected to grow to 2.2%. Services contribute 69.8% to the GDP followed by industry at 28.5% and agriculture at 1.7%. Canada is currently our 2nd largest goods trading partner with $612.1 billion in total (two way) goods trade during 2019. 4.1. Text version. Port of Saint John. The value of Canada's mineral production reached $43.8 billion in 2020. Purchases increased in 9 of 11 product categories, mainly energy products (26.3 percent), of which crude oil and bitumen (39.9%). China imports as % of Canadian total. A significant positive contribution came also from motor vehicles and parts (9.9%), namely passenger cars and . Chinese exports surged by 3.5 . Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. In 2017, Canada major trading partner countries for exports were United States, China, United Kingdom, Japan and Mexico and for imports they were United States, China, Mexico, Germany and Japan . Whether your company is a first-time or seasoned exporter, Canada should be a key component of your company's export growth strategy. 2017. However, despite the positive . Market trends. 5. Vehicles: $2.9 billion 2. Crude oil and petroleum - Canada to the U.S. Canada's largest export to the U.S. is crude oil making up 17.5% of Canadian exports to the U.S.. Canada also exports large quantities of processed crude in the form of petroleum. The agricultural sector in Canada is growing steadily day by day. The Oil Drilling and Gas Extraction industry in Canada is highly dependent on global market prices of crude oil and natural gas. MXN $21.9 billion/year in economic activity. Currently the top twenty exports are listed. Here is a list of the major exports and imports between Canada and the U.S.: 1. In 2019, Canada bought US$453.1 billion worth of imported products up by 8% since 2015 but down by -1.5% from 2018 to 2019. . Biggest Exporting Industries in Canada in 2022. The U.S. goods trade deficit with Canada was $26.8 billion in 2019. Maple Leaf's country has a vast service sector. Canada's grains and oilseed exports declined nearly 37% week-on-week as wheat, rapeseed, and soybeans observed declines in the week ending May 29, data from the agriculture ministry showed on Friday. In 2019, the total US imports and exports were $5.6 billion, which was $3.1 trillion in imports and $2.5 trillion in exports of services and goods. Crude oil is one of Canada's top five highest valued exports. According to Statistics Canada, Canada exported $16.3 billion worth of merchandise to China in 2011, and imported more than $48 . Canada exports for 2019 was $555.85B, a 0.19% decline from 2018. 7,100 jobs in Mexico. The port can handle approximately 28 million metric tonnes of cargo and its connection to 500 other ports worldwide makes it a major facilitator of commerce in the country. Five countries make up almost half of all U.S. imports. With 42% of exports, the U.S. is Canada's largest bacon trading partner. It's worth noting that this analysis concerns data on maritime . China's trade has been one of the hot topics across the globe in the last 12 months. Agriculture and food account for 11% of Canada's goods . In fact, in 2019, the European Union exported a total of 5.6 million motor . Machinery: $851.4 . What did Canada export in 2020? Canada has the third-highest total estimated value of natural resources, valued at Int$33.98 trillion in 2019`. It is the 8th largest GDP by nominal and 15th largest GDP by PPP in the world. The OECD forecasts that Canada's economy will grow by 3.5% in 2021 and perform better than the United States, which is expected to see a 3.2% growth next year. Export opportunities help us grow: over the last 10 years in Canada, agriculture and agri-food exports have grown by 103%, boosting farm cash receipts by 46% over the same period. The service sector provides 70% of the Canadian GDP. The top two product categories that the EU and Canada exported to each other in 2020 were: Machinery (36% of EU exports to Canada and 21% of its imports). Trends in Imports from Top Sources The volume of Canada's steel imports increased from 4 of Canada's top 10 steel import sources between 2018 and 2019. In Afghanistan, grapes are the top export, valued at $237 million.Almost one-fifth of Afghanistan's exports come from the grape industry. Global Affairs Canada's Exports of Military Goods report, released Tuesday, says Canada in 2021 exported more than $1.7-billion in arms to Saudi Arabia - an increase from $1.3-billion in 2020. The majority of the crude oil exported from Canada goes to the United States. The rise was mainly due to higher exports of energy products and . Industrial machines, other - $68,440 million. In 2019, the top 3 Canadian goods exports in terms of total value were energy products, motor vehicles and parts, and consumer goods (Table 1.1). ; 4.12% ($16 billion): 7108 - Gold (including . A number of Canada's top agri-food exports experienced increases from January to October 2020, compared to the same period in 2019. Canada is the fourth-largest exporter of wheat in the world. Electricity accounts for a small—but locally important—share of U.S.-Canada energy trade. Relatedness measures the distance between a country's current exports and each product. They are China, Canada, Mexico, Japan, and Germany. Three fourth of the Canadian population is directly or indirectly connected to this sector. Crude Oil. Already subscribing? These 3 sectors together account for almost 47% of Canada's goods exports. Crude oil exports from Canada by receiving region 2020. And, like never before, Canada's automotive branch plants are back in full swing. The total value of exports (FoB) was 446,080 million. Canada's top exported product at that time was passenger cars and light trucks ($21.8 billion, or 14.3% of total exports). 1 for the same month last year. The Struggling Economy Was Why Justin Trudeau Became Prime Minister. That's less than one-tenth that of its primary trading partner, the United States ($20.95 trillion), and slightly less than its other primary partner, Mexico ($2.38 trillion). However, fish and seafood continued to decline (by 12.4%), and exports of beef, frozen french fries, and live bovine (excluding bison) experienced marginal declines of 1.1%, 1.0% and 8.5%, respectively, in the . Next release: June 7, 2022 Complete Release Schedule. The U.S. Census Bureau An official website of the United States government . Canada exports for 2018 was $556.93B, a 7.36% increase from 2017. In 1990, exports of crude oil were valued at $5.5 billion, representing 3.6% of total Canadian exports. The total value of imports (CIF) was 453,360 million. It's unsurprising, then, that Canada consistently lands among the U.S.'s top importers, accounting for a roughly one-percent share of U.S. maritime imports. 3. Although the global financial crisis took its toll on Canada from 2008 to 2010, the country's manufacturing industries recovered well and make up for 14% of Canada's GDP. Honorific titles and surnames are usually not used in Canada. The 20 largest trade partners of Canada represent 94.0% of Canada's exports, and 91.9% of Canada's imports as of December 2016. The industry exhibited strong growth in the years leading up to the reporting period, with rising . Export Training. What did Canada export in 2020? According to Statistics Canada, exports of crude oil, bitumen, natural gas and natural gas liquids generated more than $102 billion in 2019. Canada. Tops on the list were . These five countries supplied 54% of the $2.8 trillion in U.S. imports of goods in 2021. Export growth is a major component propelling China's fast economic expansion. Data is for 2012, in millions of United States dollars, as reported by The Observatory of Economic Complexity. Top 10 commodities imports from China as % of total. Now, it's our second biggest trading partner (behind the U.S.). 3. This is the top export for the U.S. under the Industrial Supplies and Materials category. Merchandise Trade statistics data for Canada (CAN) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. In 2020, the U.S. received 179.7 million metric tons of oil . The top 5 U.S. export markets included Canada, the EU, India, Mexico, and Sudan, which all accounted for two-thirds of U.S. exports. Reviewed by. 45.4% of the total annual crude petroleum . In 2020, U.S. exports to Canada exceeded total U.S. exports to China, Japan, and Taiwan combined. Mineral fuels including oil was the fastest grower among the top 10 export categories, up by 74.1% since 2019. Canada: Gross Domestic Product (GDP) 2018, by industry Inter-annual variation of gross domestic product (GDP) in Spain 2010-2020 Breakdown of U.S. GDP, by state 2020 (2016). The electricity systems of both countries are fully interconnected . It has exported a volume of 26.5 Million Metric tons of wheat during 2020-21. Chris Wattie/Reuters. These figures do not include services or foreign direct investment. This consisted of $2.194 trillion in exports of both goods and services. U.S. natural gas exports to Canada mainly go into the eastern provinces of Canada. United Kingdom—US $15 billion (3.3% of total Canadian exports) Japan—US$9 billion (2.1% of total Canadian exports) Mexico—US$6 billion (1.2% of total Canadian exports) The US and China are the top two importers as well as the top two exporters of Canadian goods. Pharmaceuticals - $83,339 million. Service Sector. Boston Snow Indicator: A market theory that states that a white Christmas in Boston will result in rising stock prices for the following year. Ever wonder where American goods are going? Canada's exports to the United States totaled $394 billion in 2016, accounting for 76.3% of total exports and 52.2% of total imports. Data are in current U.S. dollars. 1. Consumer-oriented agricultural products are foods typically sold directly in supermarkets and used in restaurants. Canada produced 60 minerals and metals at almost 200 mines and 6,500 sand, gravel and stone quarries. Footnote 1, Footnote 2 Between 2013 and 2018, the value of crude oil exports ranged from 11% to 20% of Canada's total exported goods. Industrial machines, other - $68,440 million. South Korea's exports to Canada amounted to. ; 8.24% ($32 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars. # Trade item Value 1: Crude Petroleum: 75,259 2: Cars: 47,632 3: Refined Petroleum: 18,715 4: Aircraft, Helicopters, and Spacecraft: 7,322 5 . 2. The EU was the second largest at $28 million, with nearly 20 percent market share in the EU, where top suppliers include . Top Export Partners Of Canada . As with other developed nations, the country's economy is dominated by the service industry which employs about three quarters of Canadians. It is common to see regional trade patterns between the . The five main products represented the 35.5% of last year's total exports from Mexico to Canada. After the opening of Canada-People's Republic of China relations in 1970, trade with China has expanded rapidly. Canada Trade Statistics. It had ranked No. In 2018, Canada was the fourth-largest crude oil exporter in the world with a 6.19% share of an annual global export market worth $1.08 trillion. 3. In 2014 the country took in more than $20.6 billion in Ohio products, nearly 3.5 times the total of the next largest export partner. Television receivers, with even broadcast, recording or reproduction of sound or image receivers, mainly flat screen TVs, were the main product exported from Mexico to Canada during 2013 and the first months of 2014. Canada exports for 2020 was $476.27B, a 14.32% decline from 2019. Chemical and pharmaceutical products (24% of EU exports and 17% of its imports). The United States is the largest consumer of Canada's exports at 75.2% followed by China at 4.10% and the UK at 3.17%. 1. 3. . Canola oil and meal consumption have both risen over the past five years. Source: Trade Data Online. Top Canada Exports. Canada's Economy Includes Three Main Types of Industries: Service industries provide thousands of different jobs in areas like transportation, education, health care, construction, banking, communications, retail services, tourism and government. 1. In 2020, U.S. exports of goods to Canada totaled $256.1 billion. Erika Rasure. Top Canada Exports Top Canada Imports Canada shipped US$446.5 billion worth of goods around the globe in 2019, up by 9.2% since 2015 but down by -0.9% from 2018 to 2019. Bacon. Canada's Top Exports in 2020: 12.2% ($47 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude. Meal: 24,500 MT, valued at CAD $7.1 million. Television receivers, with even broadcast, recording or reproduction of sound or image receivers, mainly flat screen TVs, were the main product exported from Mexico to Canada during 2013 and the first months of 2014. Data are in current U.S. dollars. Percentages may not add up as they are rounded to the nearest percent. Rank 2021 this month. Canada's total exports increased 4.1 per cent to $50.7 billion in June, the first time they have topped the $50-billion mark. At the HS6 digit level, 4,354 products were exported to 219 countries and 4,536 products were . Europe. Across the European continent, the automotive industry stands out as a primary driver of exports, with 14 countries having cars or vehicles as their most exported good.. China exports as % of Canadian total. Canadian wheat sales to China, Peru, Indonesia, Nigeria, and the United States have propelled Canadian exports more than two million tons ahead of last year's pace. The five main products represented the 35.5% of last year's total exports from Mexico to Canada. Gold was the top-ranked commodity by value of production in Canada in 2020 with a value of $12.3 billion. Second biggest partner is European Union with 17 percent then Mexico with 14 percent, China with 7 percent and Japan with 5 percent is following Canada and EU. As the largest market at $40 million, Canada was at more than 70 percent market share. Other consumers of Canada . 41.4. 1. This gives Canada a total share of $66.6 billion of the oil export market. Canada's total exports to China added up to just $19.4 billion in 2014. Well here is a look at America's Top 10 countries for U.S. Exports (2005) Canada … US$211.9 billion (up 31.7% from 2002) Mexico. 1 among U.S. trade partners in March. 5. Canada ranked No. More than 75% of working Canadians now have jobs in service industries. Canada's top merchandise export category in the first quarter of 2021 was bituminous coal, which increased by 199.3% when compared with Q1 2020 to a cumulative export value of $519 million. Canada is the largest destination for U.S. exports of high-value agricultural products, with a 25% market share in 2020 and a value of US$17 billion. Quick Fact. This is the top export for the U.S. under the Industrial Supplies and Materials category. As of August 2020, Canada's share of crude oil exports is down to $5.27 billion. Economic benefits of importing Canadian canola. The top export opportunities for Canada according to the relatedness index, are Refined Petroleum (0.29), Scrap Lead (0.29), Raw Iron Bars (0.29), Bran (0.28), and Milk (0.28). It handles bulk, breakbulk, liquid cargo, dry cargo and containers. Canada's total trade with the United States was $72.87 billion in March, a change of 26.33 percent from the same month one year ago. MT = metric tonnes. It's important to note that the US is Canada's most important trading . Here are the 5 busiest airports in Canada for air cargo/freight for 2018, based on total metric tons moved, according to airport figures: 1. Purchases of iron and steel as materials increased at the fastest pace among the top 10 import categories, up 98.3% from 2020 to 2021. Canada is number one export partner for US and it represents 19 percent of total exports of United States. However, the influence of Canadian bacon is extensive, reaching markets in French Polynesia, Tanzania and Saudi Arabia. Canada exports crude petroleum $46.2 billion, cars $31.9 billion, gold $14.4 billion, vehicle parts $9.06 billion, and Sawn Wood $7.69 billion to the . Release date: 2019-06-12. Oil Drilling & Gas Extraction in Canada. As the world's fifth-largest pork exporter ( $2.35B ), Canada annually ships the equivalent of five slices of bacon for every person in the world. Canada exports for 2020 was $476.27B, a 14.32% decline from 2019. YoY Increase: 3.9%. 2. Natural gas and oil are Canada's biggest export commodities by value. Canada's total exports to China are minuscule. It is common to see regional trade patterns between the . Iron, steel: $10.5 billion (2.1%) Canada's top 10 imports accounted for over three-fifths (62.6%) of the overall value of its product purchases from other countries. Canada exports crude petroleum $46.2 billion, cars $31.9 billion, gold $14.4 billion, vehicle parts $9.06 billion, and Sawn Wood $7.69 billion to the . Imports to Canada jumped 7.7% over a month to a new record high of CAD 61.1 billion in March of 2022, beating market expectations of CAD 58.11 billion. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Crude oil - $69,317 million. Canada exports for 2019 was $555.85B, a 0.19% decline from 2018. ; 4.12% ($16 billion): 7108 - Gold (including . Goods exports totaled $292.6 billion; goods imports totaled $319.4 billion. Canada's Top Exports in 2020: 12.2% ($47 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude. The change in exports was 16.27 percent and the change in imports was 35.75 percent. Top Canada Imports. Pharmaceuticals - $83,339 million. Canada exports for 2018 was $556.93B, a 7.36% increase from 2017. Aluminum: $12.2 billion (2.4%) Aircraft, spacecraft: $10.5 billion (2.1%) Canada's top 10 exports accounted for 61.8% of the overall value of its global shipments. ; 8.24% ($32 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars. The following is a list of the exports of Canada. This port lies to the east of the country and is the largest port on that end. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. These high-value exports support over 130,000 jobs in the United States, and many . Canada trade balance, exports and imports by country. The barchart show only products that Canada is not specialized in. Canola is Canada's top agri-food export to Mexico. Crude oil - $69,317 million. Electronic equipment: $1.1 billion 3.
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