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Canada Trade Summary

2023

Canada exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR CANADA 2023

Overall Exports and Imports for Canada 2023

Exports and imports of Canada in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 567,345 million.
  • The total value of imports (CIF) was 558,529 million.
  • At the HS6 digit level, 4,353 products were exported to 221 countries and 4,508 products were imported from 223 countries.

Canada top 5 Export and Import partners 2023

Top five countries to which Canada exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Canada exports to United States worth US$ 438,650 million, with a partner share of 77.32 percent.
  2. Canada exports to China worth US$ 22,612 million, with a partner share of 3.99 percent.
  3. Canada exports to Japan worth US$ 11,737 million, with a partner share of 2.07 percent.
  4. Canada exports to United Kingdom worth US$ 11,283 million, with a partner share of 1.99 percent.
  5. Canada exports to Mexico worth US$ 6,571 million, with a partner share of 1.16 percent.

Top five countries from which Canada imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Canada imports from United States worth US$ 276,807 million, with a partner share of 49.56 percent.
  2. Canada imports from China worth US$ 66,087 million, with a partner share of 11.83 percent.
  3. Canada imports from Mexico worth US$ 34,224 million, with a partner share of 6.13 percent.
  4. Canada imports from Germany worth US$ 18,444 million, with a partner share of 3.30 percent.
  5. Canada imports from Japan worth US$ 15,331 million, with a partner share of 2.74 percent.

Canada Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Canada along with trade value are:

  1. Canada exported Petroleum oils and oils obtained from bituminou , worth 99,464,941.11 (US$ Thousands).
  2. Canada exported Gold in unwrought forms non-monetary , worth 20,445,016.20 (US$ Thousands).
  3. Canada exported Automobiles with reciprocating piston engine di , worth 17,765,211.45 (US$ Thousands).
  4. Canada exported Petroleum oils, etc, (excl. crude); preparation , worth 14,467,431.84 (US$ Thousands).
  5. Canada exported Automobiles with reciprocating piston engine di , worth 9,789,440.35 (US$ Thousands).

The top five imported HS 6 digit level products from world by Canada along with trade value are

  1. Canada imported Petroleum oils, etc, (excl. crude); preparation , worth 17,396,670.51 (US$ Thousands).
  2. Canada imported Automobiles with reciprocating piston engine di , worth 14,781,781.91 (US$ Thousands).
  3. Canada imported Petroleum oils and oils obtained from bituminou , worth 14,558,631.03 (US$ Thousands).
  4. Canada imported Transmission apparatus, for radioteleph incorpo , worth 12,352,738.11 (US$ Thousands).
  5. Canada imported Gas powered trucks with a GVW not exceeding fiv , worth 12,049,331.63 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Canada in 2023 are below

  • The maximum rate of tariff in percentage on any product was 482.62 percent.
  • The simple average tariff across all products was 2.06 percent.
  • The trade weighted average tariff was 2.38 .
  • The total duty free imports in thousands of US dollars were 334,161,031.27 and duty free tariff line items share was 79.78 percent.

Development Indicators 2023

Key Development Indicators of Canada in 2023 are below

  • Canada GDP in current US dollar was 2,173,340 million.
  • GNI per capita, Atlas method (current US$) was 54,660.00 .
  • Canada Trade balance: as % of GDP was 0.07.
  • Trade balance in current US$ was 1,465.00 million.
  • Trade as percentage of GDP was 66.63 .
  • Trade in services as percentage of GDP was 14.12 .

Trade Indicators 2023

Trade Indicators for Canada in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.50.
  • Index of export market penetration was 18.41.
  • World Growth in percentage was -3.13 and Canada Country Growth was -2.00 .