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Who is Canada's largest trade partner in 2022?
What drove growth in Canada's International Trade in 2022?
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Among Canada’s trading partners that cause the greatest positive trade balances, Canadian surpluses with Panama (up 222.2%), Netherlands (up 174%) then Bonaire, Saint Eustatius and Saba (up 121.4%) grew at the fastest pace from 2022 to 2023.
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. [4] These figures do not include services or foreign direct investment.
Jul 7, 2022 · Countries listed are Canada's top 10 principal trading partners based on annual 2020 total merchandise trade data.
Mar 21, 2023 · The United States was again Canada’s largest trading partner in 2022, with over $960.9 billion in total trade (on a customs basis), accounting for close to two-thirds (63.4%) of the more than $1.5 trillion in worldwide trade.
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 ...
Thanks to strong export prices throughout the year, the merchandise trade balance posted surpluses for nine months in 2021. The annual trade surplus totalled $6.6 billion, the first annual surplus since 2014 and the largest since 2008. To learn more. International trade statistics (statcan.gc.ca)
Services exports to each of Canada’s major trading partners advanced in 2022. The second and third largest contributions to services export growth in 2022 came from China (+$2.0 billion) and India (+$1.2 billion), where services exports expanded faster than the average.
