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Canada trade in 2024

In 2024, Canada exported $546.8 billion and imported $518.7 billion, a trade surplus of $28.1 billion. It was the world's 11th-largest exporter, with 2.4% of world exports. Its top export was crude petroleum (19.9% of the total) and its main trading partner was the United States (61.8% of its trade).

Summary

Exports
$546.8billion
Imports
$518.7billion
Trade balance
+$28.1billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Crude petroleum (19.9%) and cars (5.6%) together make up 25.5% of its exports.

  1. Crude petroleum$108.5 billion · 19.9%
    Main partner: United States
  2. Cars$30.7 billion · 5.6%
    Main partner: United States
  3. Gold$21 billion · 3.8%
    Main partner: China
  4. Refined petroleum$14.9 billion · 2.7%
    Main partner: United States
  5. Auto parts$13 billion · 2.4%
    Main partner: United States
  6. Natural gas and LPG$10.6 billion · 1.9%
    Main partner: United States
  7. Airplanes and helicopters$10.3 billion · 1.9%
    Main partner: United States
  8. Medicines in measured doses or retail packs$10.2 billion · 1.9%
    Main partner: United States
  9. Turbojets and gas turbines$10.2 billion · 1.9%
    Main partner: United States
  10. Unwrought aluminum$8.4 billion · 1.5%
    Main partner: United States

What it imports

Cars (7.5%) and trucks (3.7%) together make up 11.2% of its imports.

  1. Cars$38.7 billion · 7.5%
    Main partner: United States
  2. Trucks$19.2 billion · 3.7%
    Main partner: United States
  3. Auto parts$17.8 billion · 3.4%
    Main partner: United States
  4. Crude petroleum$15.4 billion · 3%
    Main partner: United States
  5. Refined petroleum$15.2 billion · 2.9%
    Main partner: United States
  6. Medicines in measured doses or retail packs$9.8 billion · 1.9%
    Main partner: United States
  7. Gold$9.3 billion · 1.8%
    Main partner: Peru
  8. Computers$9.2 billion · 1.8%
    Main partner: China
  9. Cameras and broadcast equipment$7.9 billion · 1.5%
    Main partner: China
  10. Turbojets and gas turbines$7.4 billion · 1.4%
    Main partner: United States
By Harmonized System chapter (96)
ChapterExportsImports
27 · Oil, gas and coal$147.7 billion$35.8 billion
87 · Vehicles$56.2 billion$87 billion
84 · Mechanical machinery$41.9 billion$79 billion
71 · Gems and precious metals$25.7 billion$18.4 billion
39 · Plastics$17.4 billion$19.9 billion
85 · Electrical and electronic equipment$16.2 billion$46 billion
88 · Aircraft and spacecraft$14.7 billion$8.7 billion
44 · Wood$13.6 billion$3.2 billion
26 · Ores and slag$13.1 billion$3.7 billion
76 · Aluminum$12.8 billion$5.2 billion
30 · Pharmaceuticals$11.8 billion$18.4 billion
10 · Cereals$9.6 billion$1.2 billion
72 · Iron and steel$9.1 billion$8.4 billion
48 · Paper and paperboard$8.7 billion$7.5 billion
31 · Fertilizers$8.7 billion$2.5 billion
90 · Precision and medical instruments$8.4 billion$14.9 billion
12 · Oilseeds and grains$7.8 billion$1.2 billion
02 · Meat and offal$7.6 billion$2.7 billion
28 · Inorganic chemicals$7.5 billion$6.6 billion
19 · Baked goods and cereal products$7.1 billion$4.3 billion
07 · Vegetables$6.5 billion$3.8 billion
73 · Iron and steel products$6.2 billion$11.5 billion
94 · Furniture and lighting$5.8 billion$9.1 billion
47 · Wood pulp$5.7 billion$482 million
15 · Fats and oils$5.4 billion$2.4 billion
03 · Fish and seafood$5.3 billion$2.2 billion
74 · Copper$4.8 billion$3.6 billion
29 · Organic chemicals$4.7 billion$7.8 billion
40 · Rubber$3.6 billion$6.6 billion
38 · Miscellaneous chemicals$3.5 billion$5.8 billion
75 · Nickel$3.5 billion$624 million
23 · Animal feed and food waste$3.5 billion$2.7 billion
20 · Preserved fruit and vegetables$3.4 billion$2.9 billion
18 · Cocoa and chocolate$3 billion$2.6 billion
33 · Perfumes and cosmetics$2.8 billion$4.5 billion
21 · Food preparations$2.8 billion$4.1 billion
01 · Live animals$2.5 billion$741 million
22 · Beverages and spirits$1.8 billion$5.8 billion
83 · Miscellaneous metal goods$1.8 billion$2.8 billion
25 · Salt, stone and cement$1.8 billion$1.2 billion
16 · Prepared meat and fish$1.7 billion$1.7 billion
68 · Stone, plaster and cement articles$1.4 billion$1.8 billion
34 · Soap and cleaning products$1.3 billion$3.3 billion
17 · Sugar and sweets$1.3 billion$1.8 billion
11 · Milling products and malt$1.3 billion$418 million
79 · Zinc$1.2 billion$121 million
32 · Dyes, paints and tanning agents$1.2 billion$2.5 billion
49 · Books and printed matter$873 million$1.9 billion
06 · Live plants and flowers$843 million$523 million
62 · Woven clothing$831 million$4.7 billion
08 · Fruit and nuts$802 million$5.4 billion
09 · Coffee, tea and spices$708 million$2.2 billion
70 · Glass$664 million$2.5 billion
86 · Railway equipment$649 million$1.5 billion
95 · Toys and sports gear$637 million$4.8 billion
82 · Tools and cutlery$634 million$2.2 billion
81 · Other base metals$610 million$647 million
04 · Dairy, eggs and honey$517 million$1.1 billion
59 · Coated and technical textiles$436 million$511 million
36 · Explosives and matches$407 million$244 million
78 · Lead$369 million$22 million
35 · Glues, starches and enzymes$365 million$1.3 billion
61 · Knitted clothing$359 million$5.8 billion
05 · Other animal products$356 million$234 million
89 · Ships and boats$317 million$1.9 billion
93 · Weapons and ammunition$306 million$480 million
63 · Home textiles and used clothing$302 million$1.6 billion
54 · Synthetic filaments$230 million$419 million
56 · Felt, nonwovens and rope$218 million$749 million
42 · Leather goods and bags$208 million$1.9 billion
97 · Art and antiques$190 million$199 million
24 · Tobacco$162 million$195 million
41 · Hides and leather$122 million$55 million
64 · Footwear$116 million$2.4 billion
96 · Other manufactured goods$104 million$973 million
58 · Special fabrics and lace$96 million$130 million
92 · Musical instruments$83 million$218 million
91 · Watches and clocks$72 million$728 million
69 · Ceramics$68 million$1.1 billion
55 · Synthetic staple fibers$66 million$285 million
60 · Knitted fabric$57 million$145 million
13 · Gums and plant extracts$55 million$194 million
65 · Hats$52 million$399 million
57 · Carpets and rugs$42 million$646 million
43 · Fur and fur goods$38 million$19 million
80 · Tin$26 million$87 million
52 · Cotton$20 million$97 million
37 · Photographic goods$19 million$79 million
51 · Wool$18 million$63 million
67 · Feathers and artificial flowers$11 million$124 million
46 · Wicker and basketware$9 million$40 million
66 · Umbrellas and canes$5 million$70 million
53 · Other plant fibers$4 million$34 million
14 · Other plant products$4 million$17 million
45 · Cork$3 million$20 million
50 · Silk$481 thousand$4 million

Trading partners

The United States is its main destination (73.2% of exports) and source (49.8% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
United States40073.2%Land
China28.55.2%Sea
Japan12.22.2%Sea
Mexico9.31.7%Sea
United Kingdom8.31.5%Air
South Korea6.51.2%Sea
Germany6.41.2%Sea
India5.41%Sea
Netherlands4.80.88%Sea
Switzerland4.60.85%Air

Who it buys from

PartnerValue (USD billions)ShareMode
United States25849.8%Land
China57.911.2%Sea
Mexico326.2%Sea
Germany15.83.1%Sea
Japan14.62.8%Sea
South Korea11.72.3%Sea
Vietnam10.42%Sea
Italy8.31.6%Sea
Brazil6.71.3%Sea
United Kingdom6.61.3%Sea

Overview 1995–2024

In 2024, Canada accounted for 2.4% of world exports, compared with 3.8% in 1995.

Exports and imports

Exports tripled since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 547
  • Imports 519
  • Balance +28.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$190.5 billion$159.9 billion$30.6 billion
1996$202.1 billion$164.9 billion$37.2 billion
1997$213.5 billion$190.9 billion$22.5 billion
1998$213.6 billion$196.5 billion$17.2 billion
1999$234.1 billion$209.7 billion$24.4 billion
2000$270.2 billion$234.8 billion$35.5 billion
2001$251.9 billion$215 billion$36.9 billion
2002$245.1 billion$219.1 billion$26.1 billion
2003$262.8 billion$237.3 billion$25.6 billion
2004$309.3 billion$271.1 billion$38.1 billion
2005$351.1 billion$310.5 billion$40.6 billion
2006$376.7 billion$344 billion$32.7 billion
2007$406.2 billion$372.2 billion$34 billion
2008$444.7 billion$399.2 billion$45.5 billion
2009$305.7 billion$314.4 billion-$8.7 billion
2010$377.2 billion$383.5 billion-$6.3 billion
2011$437.3 billion$440.2 billion-$2.9 billion
2012$443.1 billion$451.6 billion-$8.4 billion
2013$456.8 billion$447 billion$9.8 billion
2014$469 billion$452.1 billion$16.9 billion
2015$400.6 billion$403 billion-$2.4 billion
2016$374.6 billion$388.5 billion-$13.9 billion
2017$398.8 billion$418.3 billion-$19.5 billion
2018$442.8 billion$446.7 billion-$3.9 billion
2019$441.1 billion$442.8 billion-$1.7 billion
2020$368.7 billion$394.2 billion-$25.4 billion
2021$482.9 billion$476.5 billion$6.4 billion
2022$591.6 billion$548.8 billion$42.9 billion
2023$579 billion$533.4 billion$45.6 billion
2024$546.8 billion$518.7 billion$28.1 billion

World rank

Canada fell from 8th to 11th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 8th in 1995
  • 11th in 2024

Source: CEPII BACI

Show the numbers
YearRank
19958th
19968th
19978th
19988th
19997th
20007th
20017th
20028th
20038th
20048th
20058th
20068th
200710th
200810th
200911th
201011th
201111th
201210th
201310th
201410th
20159th
201610th
201712th
201811th
201910th
202011th
202112th
202210th
20239th
202411th

What it sells

Oil, gas and coal became its top export group: from 9% to 27%

% of exports by Harmonized System chapter.

  • Other 39%
  • Wood 2%
  • Aircraft and spacecraft 3%
  • Electrical and electronic equipment 3%
  • Plastics 3%
  • Gems and precious metals 5%
  • Mechanical machinery 8%
  • Vehicles 10%
  • Oil, gas and coal 27%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal8.8%27%
Vehicles22.5%10.3%
Mechanical machinery9.5%7.7%
Gems and precious metals1.6%4.7%
Plastics2.4%3.2%
Electrical and electronic equipment5.3%3%
Aircraft and spacecraft1.6%2.7%
Wood5.8%2.5%
Other42.6%39%

Who it trades with

The United States went from 71% to 62% of Canada's trade

% of total trade (exports + imports) with each partner.

  • United States 62%
  • China 8%
  • Mexico 4%
  • Japan 3%
  • Germany 2%

Source: CEPII BACI

Show the numbers
Partner19952024
United States71.5%61.8%
China1.9%8.1%
Mexico1.4%3.9%
Japan5.3%2.5%
Germany1.9%2.1%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • West Canadian - Alberta basin (oil sands)Oil and gas · 163.4 Mt CO₂e
  • West Canadian - Alberta basin (tight gas)Oil and gas · 32.8 Mt CO₂e
  • West Canadian - Alberta basin (conventional onshore)Oil and gas · 25.1 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Toronto$528.5 billion (PPP, 2021 dollars)
  • Montréal$266.3 billion (PPP, 2021 dollars)
  • Vancouver$237.5 billion (PPP, 2021 dollars)
View on the globe

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

Main partners

See all countries