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List of Top 10 Exports of Canada & Their Importance in 2024

Canada boasts a diverse array of top exports that fuel the nation’s economic engine. From natural resources to manufactured goods, Canada’s exports span a wide spectrum of industries, contributing significantly to its economic growth and prosperity.

In this blog, we will take a closer look at Canada’s top exports, exploring the key commodities that drive the nation’s trade fortunes. 

What Are the 10 Major Exports of Canada?

Discover Canada’s top 10 exports and their contributions to the nation’s economy here. In this section, we will discuss why these exports are relevant, where they are exported the most and their relevance to Canada’s GDP. 

  1. Aircraft
  2. Aluminum
  3. Automobiles
  4. Crude Oil
  5. Plastics
  6. Wheat
  7. Wood
  8. Coal
  9. Computer Machinery
  10. Electronic and Electric Equipment and Parts

1. Aircraft

Aircraft and other transportation equipment represent a cornerstone of Canada’s export economy, fueled by the nation’s robust aerospace industry. Canada boasts several prominent aerospace companies, including Bombardier, which produces a diverse range of commercial and business aircraft, and CAE, a global leader in flight simulation technology. These companies, alongside others like Pratt & Whitney Canada and Viking Air, contribute significantly to Canada’s reputation for manufacturing high-quality, innovative transportation equipment.

Canada’s aerospace sector is not only a key driver of economic growth but also a major employer, supporting over 200,000 jobs across the country. The industry’s importance is underscored by its substantial contributions to Canada’s gross domestic product (GDP), with aerospace exports exceeding $25 billion annually. Moreover, the sector’s commitment to research and development (R&D) is evident in its investment of approximately $1.7 billion each year.

Major aerospace hubs, such as Montreal and Toronto, serve as epicenters of industry activity, housing cutting-edge research facilities, manufacturing plants, and training centers. Notably, Montreal’s aerospace sector alone employs over 40,000 individuals and generates billions in revenue annually, cementing its status as a world-class aerospace hub.

Furthermore, Canada’s aerospace industry receives substantial support from the federal government through initiatives like the Strategic Aerospace and Defense Initiative (SADI) and the Industrial Technological Benefits (ITB) program. These programs provide financial incentives for aerospace companies to undertake R&D projects, collaborate with educational institutions, and invest in skills development. 

2. Aluminum

Aluminum is a significant contributor to Canada’s export portfolio, owing to the nation’s abundant natural resources, advanced production capabilities, and strategic global positioning. Canada ranks among the world’s top producers of primary aluminum, with key industry players like Rio Tinto Alcan and Alcoa operating major smelting facilities across the country.

Canada’s vast mineral reserves, particularly in regions like Quebec and British Columbia, provide a steady supply of bauxite, the primary ore used in aluminum production. Additionally, the country’s ample hydroelectric resources offer a renewable and cost-effective source of energy, essential for the energy-intensive aluminum smelting process. 

The aluminum industry plays a pivotal role in Canada’s economy, generating billions in export revenue and supporting tens of thousands of jobs nationwide. Notably, Quebec stands out as a leading aluminum-producing province, accounting for over 90% of Canada’s primary aluminum output. 

Internationally, Canada’s aluminum exports are in high demand, with key trading partners including the United States, China, and Japan. The country’s reputation for producing high-quality aluminum products, coupled with its adherence to rigorous environmental and sustainability standards, further enhances its competitiveness in the global marketplace. On top of that, Organizations like the Aluminum Association of Canada work collaboratively with industry stakeholders to advance sustainable practices and innovation within the sector.

3. Automobiles

Canada is home to several major automotive manufacturers, including General Motors, Ford, and Toyota, which operate assembly plants across the country. These companies produce a diverse range of vehicles, from passenger cars to commercial trucks, leveraging Canada’s skilled workforce, advanced technology, and proximity to key markets.

Ontario, in particular, serves as a hub for automotive manufacturing, with a dense network of suppliers, research institutions, and industry associations supporting the sector’s growth and innovation. Canada’s automotive exports are primarily destined for the United States, its largest trading partner, with significant volumes also shipped to other markets around the world. 

The Canada-United States-Mexico Agreement (CUSMA) facilitates seamless trade and investment within the North American automotive supply chain, ensuring the continued competitiveness of Canadian automotive manufacturers on the global stage.

Furthermore, Canada’s automotive industry is at the forefront of innovation in areas such as electric and autonomous vehicles, with government support and private sector investment driving research and development initiatives. Initiatives like the Automotive Innovation Fund and strategic partnerships with academic institutions aim to foster collaboration, enhance competitiveness, and position Canada as a leader in the next generation of automotive technology.

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4. Crude Oil

Canada has abundant oil reserves, particularly in regions like Alberta and Saskatchewan, which boast vast deposits of oil sands and conventional crude oil. The crude oil industry plays a pivotal role in Canada’s economy, contributing billions in export revenue and supporting hundreds of thousands of jobs nationwide. Alberta, in particular, stands out as a major oil-producing province, with extensive infrastructure and expertise in oil extraction, refining, and distribution.

Canada mostly sells its crude oil to the United States, its largest trading partner, with significant volumes also shipped to other markets around the world. The Trans Mountain Pipeline Expansion Project, along with other pipeline initiatives, aims to enhance Canada’s access to global markets, diversify its customer base, and reduce transportation bottlenecks.

Furthermore, Canada’s crude oil industry is committed to environmental stewardship and sustainability, implementing technologies and practices to minimize greenhouse gas emissions, water usage, and land disturbance. Initiatives such as carbon capture and storage (CCS) and reclamation programs demonstrate the industry’s commitment to responsible resource development and mitigating environmental impacts.

5. Plastics 

Canada boasts a diverse plastics sector, encompassing polymer production, plastic product manufacturing, and recycling initiatives. Major companies such as NOVA Chemicals, Dow Chemical, and TC Transcontinental Packaging contribute to Canada’s reputation for producing high-quality plastics and innovative packaging solutions.

The plastics industry plays a pivotal role in Canada’s economy, generating billions in export revenue and supporting thousands of jobs nationwide. Ontario and Quebec are key hubs for plastics manufacturing, with extensive infrastructure, research institutions, and industry associations driving innovation and growth.

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Canada’s plastics exports are highly diversified, with products ranging from plastic resins and films to packaging materials and consumer goods. The United States is the largest market for Canadian plastics exports, followed by countries in Europe and Asia. Free trade agreements such as the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) facilitate market access and promote trade in plastics and related products.

Furthermore, Canada is committed to sustainable plastic production and waste management. The Canadian Plastics Industry Association (CPIA) works closely with government agencies, industry stakeholders, and community organizations to advance sustainability goals and foster responsible plastic use throughout the value chain.

6. Wheat

Canada ranks among the world’s top wheat exporters, with the prairie provinces of Alberta, Saskatchewan, and Manitoba serving as primary wheat-producing regions. The wheat industry supports rural communities across the country. Canadian wheat is renowned for its superior quality, high protein content, and consistent milling characteristics, making it highly sought after by domestic and international customers.

Canada’s wheat exports vary, with products including hard red spring wheat, durum wheat, and soft wheat varieties used for bread, pasta, and other food products. The United States is the largest market for Canadian wheat exports, followed by countries in Asia, the Middle East, and Africa.

Furthermore, Canada’s farmers adopt practices such as zero-till farming, crop rotation, and precision agriculture to minimize environmental impact and conserve natural resources. Industry organizations like the Canadian International Grains Institute (Cigi) provide technical expertise, research, and market development support to enhance the competitiveness of Canadian wheat in global markets.

Also Read: Which Are the 10 Most Expensive Cities In Canada in 2024?

7. Wood

Canada is known for its vast forest resources, sustainable forestry practices, and global reputation for producing high-quality wood products. It is home to extensive forested areas, with over 347 million hectares of forest land covering nearly half of the country’s total land area.

The wood products industry plays a pivotal role in Canada’s economy, generating billions in export revenue and supporting hundreds of thousands of jobs nationwide. British Columbia, Quebec, and Ontario are key hubs for wood product manufacturing, with a wide range of products including lumber, plywood, paper, and wood pulp.

Canada’s wood exports are diverse, with products serving various sectors such as construction, furniture manufacturing, and pulp and paper production. The United States is the largest market for Canadian wood products.

Furthermore, Canada’s forest sector is committed to sustainable forest management and environmental stewardship, with industry organizations like the Forest Products Association of Canada (FPAC) promoting responsible forestry practices and certification standards. Sustainable forestry initiatives such as tree planting, habitat conservation, and carbon offset programs ensure the long-term health and vitality of Canada’s forests.

8. Coal

Coal is a significant export commodity for Canada, despite its declining prominence in the nation’s energy mix due to environmental concerns and the shift towards cleaner energy sources. Canada primarily exports metallurgical coal, which is used in steelmaking, and thermal coal, which is utilized in power generation and industrial processes.

The coal industry has historically been important to Canada’s economy, particularly in regions like Alberta and British Columbia. However, declining demand for coal domestically has led to a greater focus on export markets, with Canada exporting coal to countries such as Japan, South Korea, and China.

Despite challenges related to environmental sustainability and climate change, the Canadian coal industry remains a key player in global markets, leveraging its reputation for high-quality coal products and advanced mining practices. The industry continues to adapt to changing market dynamics and regulatory frameworks, with a focus on improving efficiency, reducing emissions, and exploring cleaner coal technologies.

Also Read: Top 10 Most Populated Cities In Canada in 2024

9. Computer Machinery

Computer machinery represents a significant export category for Canada, reflecting the nation’s advanced technology sector and expertise in manufacturing computer hardware and peripherals. Canada is home to several prominent technology companies, including BlackBerry, Celestica, and Dell Canada, which produce a wide range of computer equipment for domestic and international markets.

Canada’s computer machinery exports are highly diversified, encompassing desktop and laptop computers, servers, networking equipment, and computer peripherals such as monitors, keyboards, and printers. The United States is the largest market for Canadian computer machinery exports, followed by countries in Europe and Asia.

The computer machinery industry plays a vital role in Canada’s economy, contributing billions in export revenue and supporting thousands of jobs nationwide. Ontario, particularly the Greater Toronto Area, serves as a major hub for computer manufacturing and innovation, with a dense network of suppliers, research institutions, and industry associations driving growth and competitiveness.

Furthermore, Canada’s technology sector is characterized by innovation and collaboration, with industry players actively engaged in research and development initiatives to drive technological advancements and maintain competitiveness in global markets. Government support through programs like the Strategic Innovation Fund and the Industrial Research Assistance Program (IRAP) further strengthens Canada’s position as a leader in computer machinery manufacturing.

10. Electronic and electrical equipment and parts

Canada is home to several prominent electronics companies, including Celestica, Siemens Canada, and BlackBerry, which produce a wide range of electronic equipment and components for domestic and international markets. Ontario, particularly the Greater Toronto Area, serves as a major hub for electronics manufacturing and innovation, with a dense network of suppliers, research institutions, and industry associations driving growth and competitiveness.

Canada’s electronic and electrical equipment exports are diverse in nature. It encompasses products such as telecommunications equipment, semiconductors, consumer electronics, and industrial automation systems. The United States is the largest market for Canadian electronic and electrical equipment exports, followed by countries in Europe and Asia.

The Canadian government also supports innovation in Canada. Government support through programs like the Strategic Innovation Fund and the Scientific Research and Experimental Development (SR&ED) tax credit further strengthens Canada’s position as a leader in electronic and electrical equipment manufacturing.

All in all, Canada continues to excel as a leading producer and exporter of electronic equipment, meeting the evolving needs of domestic and international markets.

Conclusion

In conclusion, Canada’s top exports exemplify the nation’s resilience, innovation, and global competitiveness on the world stage. From natural resources to advanced technology, each commodity tells a story of industry, ingenuity, and international collaboration.

If all goes to plan, moving forward, Canada will continue to leverage its strengths, forge new partnerships, and embrace innovation to remain a key player in the ever-evolving landscape of international trade.

FAQs

Q1. How much oil does Canada export?

A1. Canada exports approximately 3.7 million barrels of oil per day.

Q2. Besides oil, what else does Canada export?

A2. Besides oil, Canada exports natural gas, vehicles, machinery, and minerals.

Q3. Where does Canada export most of its goods?

A3. Canada exports most of its goods to the United States, followed by China and Japan.

Q4. How have Canada’s top exports changed over time?

A4. Canada’s top exports have diversified over time, with a shift towards technology, machinery, and natural resources, reflecting changing global demand and market dynamics.

Q5. What Is Canada’s Largest Import?

The top exports of Canada include Crude Petroleum  that is worth $123B, cars that are $29.4B and petroleum gas that is around $24.3B. 

Oleksandra Mamchii

Working as a academic lead at Best Diplomats.

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