what are canada's top 5 exports

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%. 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. More than 75% of working Canadians now have jobs in service industries. 3. Industrial machines, other - $68,440 million. Next release: June 7, 2022 Complete Release Schedule. The five main products represented the 35.5% of last year's total exports from Mexico to Canada. Now, it's our second biggest trading partner (behind the U.S.). Maple Leaf's country has a vast service sector. Crude Oil. Economic benefits of importing Canadian canola. 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. The U.S. goods trade deficit with Canada was $26.8 billion in 2019. ; 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. Meal: 24,500 MT, valued at CAD $7.1 million. . 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 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). 2017. 2. 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. Chinese exports surged by 3.5 . After the opening of Canada-People's Republic of China relations in 1970, trade with China has expanded rapidly. Leading the list by just over $14 million, the USA's #1 export in 2021 was pharmaceutical preparations. Top Canada Exports. In 1990, exports of crude oil were valued at $5.5 billion, representing 3.6% of total Canadian exports. 1. In fact, in 2019, the European Union exported a total of 5.6 million motor . 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. 41.4. Service Sector. Gold was the top-ranked commodity by value of production in Canada in 2020 with a value of $12.3 billion. 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. The industry exhibited strong growth in the years leading up to the reporting period, with rising . Goods exports totaled $292.6 billion; goods imports totaled $319.4 billion. The value of Canada's mineral production reached $43.8 billion in 2020. 12.1. 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. 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). Exports: $241.7 Billion Imports: $351.5 Billion. Bacon. Canada's top exported product at that time was passenger cars and light trucks ($21.8 billion, or 14.3% of total exports). Release date: 2019-06-12. 5. Machinery: $851.4 . Canada exports for 2019 was $555.85B, a 0.19% decline from 2018. # 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 . Market trends. Pearson International in Toronto handled 45% of the Canada's air cargo in 2018 and nearly 50 . Canada is number one export partner for US and it represents 19 percent of total exports of United States. 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. 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. Canada's total exports to China added up to just $19.4 billion in 2014. 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. It's important to note that the US is Canada's most important trading . 3. Canada produced 60 minerals and metals at almost 200 mines and 6,500 sand, gravel and stone quarries. 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 currently our 2nd largest goods trading partner with $612.1 billion in total (two way) goods trade during 2019. These figures do not include services or foreign direct investment. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Consumer-oriented agricultural products are foods typically sold directly in supermarkets and used in restaurants. In 2020, the U.S. received 179.7 million metric tons of oil . As of August 2020, Canada's share of crude oil exports is down to $5.27 billion. Canada is the fourth-largest exporter of wheat in the world. YoY Increase: 3.9%. 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 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. 7,100 jobs in Mexico. 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. Thanks to its early colonial history, Canada is a bilingual nation, with about 20 percent of the population, or 7.2 . Canada exports for 2020 was $476.27B, a 14.32% decline from 2019. It handles bulk, breakbulk, liquid cargo, dry cargo and containers. 1. Being bilingual costs Canada about $2.4 billion per year. The barchart show only products that Canada is not specialized in. Europe. 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. Chris Wattie/Reuters. MXN $21.9 billion/year in economic activity. Canada Exports By Country - was last updated on Tuesday, May 31, 2022. Canada has the third-highest total estimated value of natural resources, valued at Int$33.98 trillion in 2019`. Ohio's top export partner is Canada. Services contribute 69.8% to the GDP followed by industry at 28.5% and agriculture at 1.7%. However, despite the positive . Canola oil and meal consumption have both risen over the past five years. 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 exports for 2018 was $556.93B, a 7.36% increase from 2017. Top Canada Imports. With 42% of exports, the U.S. is Canada's largest bacon trading partner. Data is for 2012, in millions of United States dollars, as reported by The Observatory of Economic Complexity. Canada trade balance, exports and imports by country. These high-value exports support over 130,000 jobs in the United States, and many . Source: U.S. Energy Information Administration, Petroleum Supply Monthly and Natural Gas Monthly. 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. Crude oil - $69,317 million. Canada accounted for almost 1.5% of the EU's total external trade in goods in 2020. Electronic equipment: $1.1 billion 3. Leading the list by just over $14 million, the USA's #1 export in 2021 was pharmaceutical preparations. Export growth is a major component propelling China's fast economic expansion. A significant positive contribution came also from motor vehicles and parts (9.9%), namely passenger cars and . 1 for the same month last year. Canada's Top Exports in 2020: 12.2% ($47 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude. Port of Saint John. 3. Agriculture and food account for 11% of Canada's goods . Canada exports for 2020 was $476.27B, a 14.32% decline from 2019. Already subscribing? Honorific titles and surnames are usually not used in Canada. 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. Tops on the list were . 45.4% of the total annual crude petroleum . Innovation, Science and Economic Development Canada. According to Statistics Canada, Canada exported $16.3 billion worth of merchandise to China in 2011, and imported more than $48 . It is the 8th largest GDP by nominal and 15th largest GDP by PPP in the world. Canada's economic output as measured by gross domestic product (GDP) was $1.77 trillion in 2020. 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. In second place for improving export sales was wood which was up by . 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. The GDP per capita in 2014 was $56100 ranking 10th nominally and 9th by PPP. The agricultural sector in Canada is growing steadily day by day. (2016). 3. The change in exports was 16.27 percent and the change in imports was 35.75 percent. Overall Exports and Imports for Canada 2019. What Are Canada's Top 3 Exports To The Us? The service sector provides 70% of the Canadian GDP. Canadian Alberta oil sands have the country's oil reserves with . This gives Canada a total share of $66.6 billion of the oil export market. 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 . 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). This is already 70% of the total export value recorded in 2020, and 60% of the 2019 value. The Struggling Economy Was Why Justin Trudeau Became Prime Minister. Reviewed by. They are China, Canada, Mexico, Japan, and Germany. 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. Natural gas and oil are Canada's biggest export commodities by value. Crude oil exports from Canada by receiving region 2020. Oil Drilling & Gas Extraction in Canada. ; 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. Currently the top twenty exports are listed. Data are in current U.S. dollars. Quick Fact. 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. 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. 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.