Canada is very active when it comes to trade, its total export was $390 billion in 2016 and total import $416 billion (According to WTO). The main Canadian trade partners are The United States, European Union, China, Japan and Mexico.
The United States is the most important Canadian trade partner, Canada buys 75%+ of all goods from the U.S. and sell 52% of Canadian products and services to its southern big brother.
The question today is: what exactly are the main imports and exports of Canada? To put it simply: what Canada produces and what it buys from other countries? Let’s figure this out.
Today such data is quite easy to find, all trade statistics is published by many organizations, but probably the best source is the atlas.media.mit.edu. This is a project of Massachusetts Institute of Technology with open and transparent data.
Canadian top imports are:
- Cars ($26.4B);
- Vehicle Parts ($20.4B);
- Delivery Trucks ($12.9B);
- Refined Petroleum ($10.8B);
- Crude Petroleum ($10.3B).
Those are products Canada buys the most, the majority of them comes from The United States.
The biggest import categories are:
Machines (99B), Transportation (76.3B), Chemical Products (34.4B), Mineral Products (28B) and Metals (24.3B).
Canadian imports are quite diversified.
Canadian top exports:
- Cars ($48.9B);
- Crude Petroleum ($39.6B);
- Vehicle Parts ($10.5B);
- Refined Petroleum ($8.34B);
- Sawn Wood ($7.79B).
This is what Canada produces and sells abroad. For Canada export of its natural resources (wood, oil) remains very important.
Main Canadian export categories are:
Mineral Products (70B), Transportation (75.9B), Machines (41.1B), Metals (28.3B) and Chemical Products (27.2B).
Canada, The United States and Mexico had a North American Free Trade Agreement (NAFTA) which made trade between those countries easier. In 2018 it was replaced by Canada–United States–Mexico Agreement (CUSMA) by Donald Trump’s administration.