Here are the 10 Largest Canada Exports in 2024
Canada’s economy is renowned for its diversity, stability, resilience, and competitive spirit, heavily relying on trade for a substantial portion of its GDP. As the 13th largest importer and exporter globally, Canada is a thriving hub for entrepreneurial endeavors.
The United States stands as Canada's largest trading partner due to proximity, yet Canada actively engages in trade with European and Asian nations as well.
Top 10 Canadian Imports in 2024
Automobiles Driven by diverse consumer preferences, Canada's importation of cars has steadily risen. In 2021, approximately $28 billion worth of cars were imported, sourced primarily from the United States, Japan, Germany, South Korea, and Mexico.
Automotive Parts and Accessories A range of components such as engine parts, electrical systems, brakes, and more are regularly imported. In 2021, about $20 billion was spent on these imports from the United States, China, Japan, Germany, South Korea, Mexico, and Taiwan.
Trucks Canada imports various types and sizes of trucks for industries like construction and agriculture. Spending reached $15 billion in 2021, with the United States, Japan, Germany, South Korea, and Mexico as major suppliers.
Crude Oil Imported crude oil supports Canada's refinery operations and energy security. In 2021, Canada imported $14 billion worth, primarily from the US, Middle East, Africa, and Latin America.
Processed Petroleum Oil Supplementing domestic production, imported processed petroleum oil ensures a steady supply of fuel and products. Canada spent $14 billion in 2021, with sources including the US, Saudi Arabia, Russia, Norway, and the United Kingdom.
Telecommunication Devices (Phones) Imports include smartphones, tablets, and more from major brands like Apple, Samsung, and Huawei. Canada spent $11 billion in 2021, mainly importing from East Asian countries like China, South Korea, Taiwan, and Japan.
Computers Canada imports computers, laptops, tablets, and peripherals from brands like Apple and HP. In 2021, imports totaled $9 billion from China, Taiwan, South Korea, and Japan.
Medications Imported medications and healthcare products are vital for managing health conditions. Canada spent $8 billion in 2021, primarily sourcing from the US, India, China, Germany, Switzerland, and South Korea.
Turbo-jet Engines The aerospace industry in Canada relies on turbo-jet engines for innovation and development. Canada imported $6 billion in 2021 from the US, Europe, and other regions.
Gold Gold imports in various forms are crucial for industries like jewelry and electronics manufacturing. Canada spent $6 billion in 2021, primarily sourcing from the United States, Australia, South Africa, China, and Russia.
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