Canada Export Data: The in-depth Analysis of 2024

Canada in the northern part of America, bordered by the United States, the Arctic Ocean, and the Pacific Ocean in the south, north, and west direction, is right now a topmost exporting center of the international trade market. The country, consisting of 10 provinces and 3 territories, has been serving as a pillar to the economic strength of the global trade market. Canada Import Data says the thriving production capacity of the export industries has maintained the upward trajectory in export valuation, with an annual growth rate of 8 to 12% in the year-on-year trade. Mineral fuels dominate the topmost exported category of Canada, accounting for 25% of total exports. The United States and China remain the topmost exported partners, with a substantial trade share of 75% and 8% in the revenue rate.

The growing global demand for highly sought-after commodities from the management authorities of Kenya has recorded an export trade value of 687 billion US dollars in 2024. Import Globals with its Canada trade data gives a detailed analysis of the overall valuation of goods exported from Canada to the topmost importers worldwide. The valuable trade sheet helps the business holders understand the latest strategies adopted in the global market that can be beneficial for their service expansion.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF CANADA IN 2024

The CAN export program, implemented by the government authorities, and administered by Global Affairs and the Trade Commissioner Service, was initiated to cover costs related to international marketing, travel translation, and trade shows. The utmost aim of the program is to provide funding to Canadian small and medium-sized enterprises to explore new markets. The Export Development Canada Financing and Insurance Support, administered by the Export Development Canada, were implemented by the authorities to diversify the markets and support supply chain resilience.

The program offers financial services, insurance, and bonding to Canadian exporters to reduce risks and increase access to the capitalized working system. Trade Commissioner Service Global Expansion Support, this initiative administered by Global Affairs Canada under the Ministry of Canadian Trade, assists Canadian businesses in a resilient connection with international buyers, identifying market opportunities while navigating the regulatory environment. The Strategic Innovation Fund was implemented to prioritize industries such as clean tech, automotive aerospace, and advanced manufacturing with strong export orientation.

THE LEADING VARIANTS OF GOODS EXPORTED FROM CANADA IN 2024

The active participation of the Canadian trade authorities in international trade fairs has led to the diversification of its domestic production and global export. According to the Canada Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  1. Mineral fuels, oils, distillation products — The total annual export trade value of Mineral fuels, oils, and distillation products exported from Canada in 2024–126 billion US dollars
  2. Vehicles — The total annual export trade value of Vehicles exported from Canada in 2024–97 billion US dollars
  3. Machinery, nuclear reactors, boilers– The total annual export trade value of Machinery, nuclear reactors, and boilers exported from Canada in 2024–78 billion US dollars
  4. Pearls, precious stones, metals, coins– The total annual export trade value of Pearls, precious stones, metals, and coins exported from Canada in 2024–64 billion US dollars
  5. Electrical, electronic equipment — The total annual export trade value of Electrical, and electronic equipment exported from Canada in 2024–58 billion US dollars
  6. Plastics — The total annual export trade value of Plastics exported from Canada in 2024–45 billion US dollars
  7. Wood and articles of wood– The total annual export trade value of Wood and articles of wood exported from Canada in 2024–38 billion US dollars
  8. Aircraft, spacecraft — The total annual export trade value of Aircraft, and spacecraft exported from Canada in 2024–27 billion US dollars
  9. Aluminum — The total annual export trade value of Aluminum exported from Canada in 2024–22 billion US dollars
  10. Pharmaceuticals — The total annual export trade value of Pharmaceuticals exported from Canada in 2024–19 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF CANADA IN 2024

The country’s increasing production rate and the proper pricing strategies implemented by the authorities have facilitated the overall export revenue generation. According to the Canada Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. United States — The total annual export trade value of goods exported from Canada to the United States in 2024–142 billion US dollars

Top 5 variants of goods exported

a. Crude petroleum

b. Refined petroleum oils

c. Diesel fuel

d. Gasoline (petrol)

e. Jet fuel

2. China — The total annual export trade value of goods exported from Canada to China in 2024–87 billion US dollars

Top 5 variants of goods exported

a. Natural gas (gaseous)

b. Liquefied petroleum gas (LPG)

c. Lubricating oils

d. Asphalt

e. Petroleum coke

3. United Kingdom — The total annual export trade value of goods exported from Canada to the United Kingdom in 2024–76 billion US dollars

Top 5 variants of goods exported

a. Passenger cars

b. Light trucks

c. Vehicle engine parts

d. Transmissions

e. Brake systems

4. Japan — The total annual export trade value of goods exported from Canada to Japan in 2024–68 billion US dollars

Top 5 variants of goods exported

a. Steering gear

b. Suspension components

c. Exhaust systems

d. Wiring harnesses

e. Alloy wheels

5. Mexico — The total annual export trade value of goods exported from Canada to Mexico in 2024–54 billion US dollars

Top 5 variants of goods exported

a. Industrial boilers

b. Turbines

c. Diesel engines

d. CNC machine tools

e. Packaging machinery

6. South Korea — The total annual export trade value of goods exported from Canada to South Korea in 2024–38 billion US dollars

Top 5 variants of goods exported

a. Refrigeration units

b. Industrial pumps

c. Compressors

d. Elevators/lifts

e. Agricultural tractors

7. Netherlands — The total annual export trade value of goods exported from Canada to the Netherlands in 2024–27 billion US dollars

Top 5 variants of goods exported\

a. Unwrought gold

b. Gold bars

c. Silver ingots

d. Platinum

e. Diamonds (rough)

8. Germany — The total annual export trade value of goods exported from Canada to Germany in 2024 –22 billion US dollars

Top 5 variants of goods exported

a. Precious metal jewelry

b. Precious metal coins

c. Semi-precious stones

d. Platinum jewellery

e. Metal alloys

9. Switzerland– The total annual export trade value of goods exported from Canada to Switzerland in 2024–18 billion US dollars

Top 5 variants of goods exported

a. Semiconductors

b. Circuit boards

c. Fiber-optic cables

d. Transformers

e. Electrical conductors

10. India — The total annual export trade value of goods exported from Canada to India in 2024–12 billion US dollars

Top 5 variants of goods exported

a. Plastic sheets

b. Packaging films

c. PVC materials

d. Polystyrene items

e. Synthetic rubber

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