Canada’s top 10 exports accounted for 62.7% of the overall value of its global shipments. Vehicles was the fastest grower among the top 10 export categories, up by 26.5% year over year since 2022. In second place for improving export sales was gems and precious metals which rose 16.6%, led by gold.

Canada is one of the world's largest trading nations, with a highly globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion. [37] Canada's exports totalled over $637 billion, while its imported goods were worth over $631 billion, of which approximately $391 billion originated from the United States. [37]

In 2022, Canada exported a total of $587B, making it the number 9 exporter in the world. During the last five reported years the exports of Canada have changed by $181B from $406B in 2017 to $587B in 2022. The most recent exports are led by Crude Petroleum ($123B), Cars ($29.4B), Petroleum Gas ($24.3B), Refined Petroleum ($17.2B), and Gold ($14

Canadian exports and imports expanded despite a challenging global environment – two-way goods and services trade totalled $1.9 trillion in 2023. Trade growth moderates: Canadian goods and services export growth slowed markedly from 21.2% in 2022 to 1.4% in 2023.

Jan 21, 2025 · Most Canadian exports are inputs used by American businesses in their own production – more so than with other trading partners 1. Thus, a disproportionate share of the negative tariff impacts on imports from Canada would be through the channel of business supply chains and productivity that would drive higher costs and inflationary pressures ...

Jan 7, 2025 · Exports of energy products increased 2.1% in November, mostly because of higher exports of crude oil (+4.8%), which were up on higher prices. While the month of November has seen large declines in crude oil prices in the past, these prices were relatively stable in November 2024, leading to a seasonally adjusted increase in Canadian crude oil ...

Both exports and imports reached record levels, with Canada's two-way goods and services trade expanding to nearly $1.9 trillion in 2022. Throughout the year, supply chain pressures eased, creating increased opportunity for investment in vehicle manufacturing, among other sectors.

Jan 14, 2025 · With Canada as the #1 export market for 34 U.S. states, cross-border trade sustains millions of jobs, businesses, and communities across North America. The Stakes for People. A 25% tariff could shrink Canada’s GDP by 2.6%, costing Canadian households an average of $1,900 annually. For the U.S., this would mean a 1.6% GDP drop, with families ...

Canada exports for 2023 was $717.71B, a 1.89% decline from 2022. Canada exports for 2022 was $731.56B, a 16.74% increase from 2021. Canada exports for 2021 was $626.66B, a 28.42% increase from 2020. Canada exports for 2020 was $487.99B, a 13.5% decline from 2019.

Jun 19, 2024 · The main products that Canada exports to the United States are Crude Petroleum ($117B), Cars ($27B), and Petroleum Gas ($22.4B). Over the last 27 years the exports of Canada to the United States have increased at a rate of 4.23% …