Canada

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CA · CAN · BACI 124 · latest data 2024

Exports

$547.0B USD, nominal · 2024

= $547,023 M27.1% over 5 yrs (up)

Imports

$518.7B USD, nominal · 2024

= $518,659 M18.0% over 5 yrs (up)

Trade balancesurplus

$28.4B USD, nominal · 2024

= $28,364 M

Total trade

$1.07T USD, nominal · 2024

= $1,065,682 M22.5% over 5 yrs (up)

World position: #10 of 225 exporters · top 5% · #13 of 225 importers · top 10% · 2024
World export share since 1995: −1.4 pp

Trade timeline

Canada's exports grew from $190.2B in 1995 to $547.0B in 2024; the 2024 balance was $28.4B.

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Exports, imports, trade balance and total trade of Canada per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$190,162 M	$159,588 M	$30,574 M	$349,751 M
1996	$202,208 M	$165,075 M	$37,132 M	$367,283 M
1997	$213,186 M	$191,174 M	$22,012 M	$404,360 M
1998	$213,220 M	$196,761 M	$16,459 M	$409,981 M
1999	$233,436 M	$210,114 M	$23,322 M	$443,550 M
2000	$269,457 M	$234,840 M	$34,617 M	$504,298 M
2001	$251,157 M	$215,121 M	$36,036 M	$466,278 M
2002	$244,203 M	$219,212 M	$24,991 M	$463,414 M
2003	$262,169 M	$237,094 M	$25,075 M	$499,262 M
2004	$308,564 M	$271,210 M	$37,354 M	$579,775 M
2005	$350,042 M	$309,687 M	$40,355 M	$659,728 M
2006	$375,779 M	$343,917 M	$31,862 M	$719,696 M
2007	$404,926 M	$372,405 M	$32,521 M	$777,330 M
2008	$443,298 M	$399,482 M	$43,816 M	$842,781 M
2009	$304,595 M	$314,210 M	−$9,615 M	$618,805 M
2010	$376,196 M	$383,637 M	−$7,441 M	$759,833 M
2011	$436,125 M	$440,899 M	−$4,774 M	$877,024 M
2012	$441,520 M	$451,685 M	−$10,165 M	$893,205 M
2013	$456,087 M	$449,415 M	$6,672 M	$905,502 M
2014	$468,140 M	$452,275 M	$15,865 M	$920,415 M
2015	$399,076 M	$403,604 M	−$4,528 M	$802,680 M
2016	$372,780 M	$389,311 M	−$16,531 M	$762,092 M
2017	$397,173 M	$418,411 M	−$21,238 M	$815,585 M
2018	$442,602 M	$446,852 M	−$4,249 M	$889,454 M
2019	$430,265 M	$439,570 M	−$9,305 M	$869,835 M
2020	$367,573 M	$391,252 M	−$23,679 M	$758,825 M
2021	$481,697 M	$476,312 M	$5,385 M	$958,009 M
2022	$589,482 M	$548,466 M	$41,016 M	$1,137,949 M
2023	$574,162 M	$532,529 M	$41,633 M	$1,106,691 M
2024	$547,023 M	$518,659 M	$28,364 M	$1,065,682 M

30 rows

World share & rank

World export share moved from 3.8% in 1995 to 2.4% in 2024; export rank #8 → #10.

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World export and import share in percent, and world ranks, of Canada per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	3.75%	3.15%	#8	#9
1996	3.77%	3.08%	#8	#9
1997	3.81%	3.42%	#8	#8
1998	3.84%	3.54%	#8	#7
1999	4.06%	3.65%	#7	#7
2000	4.14%	3.61%	#7	#7
2001	3.98%	3.41%	#7	#8
2002	3.69%	3.31%	#8	#8
2003	3.42%	3.10%	#8	#11
2004	3.34%	2.94%	#8	#11
2005	3.34%	2.95%	#8	#11
2006	3.11%	2.85%	#8	#11
2007	2.89%	2.66%	#10	#12
2008	2.75%	2.47%	#10	#13
2009	2.45%	2.52%	#11	#12
2010	2.50%	2.55%	#11	#11
2011	2.43%	2.46%	#11	#12
2012	2.45%	2.50%	#10	#12
2013	2.50%	2.47%	#10	#12
2014	2.55%	2.46%	#10	#12
2015	2.49%	2.52%	#9	#11
2016	2.38%	2.49%	#11	#11
2017	2.26%	2.38%	#11	#12
2018	2.32%	2.34%	#11	#12
2019	2.32%	2.37%	#11	#12
2020	2.14%	2.28%	#10	#11
2021	2.25%	2.22%	#11	#12
2022	2.44%	2.27%	#10	#12
2023	2.54%	2.36%	#10	#11
2024	2.40%	2.27%	#10	#13

30 rows

Trading partners

United States was Canada's top trading partner in 2024, at 61.8% of total trade; the top five partners covered 78.3%.

Year

Top partner share: 61.8%
Top-5 share: 78.3%
Partners: 217
Partner HHI (0–1): 0.392

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United States $400.0B

China $28.5B

Japan $12.2B

Mexico $9.3B

United Kingdom $8.3B

South Korea $6.5B

Germany $6.4B

India $5.4B

Netherlands $4.8B

Switzerland $4.6B

France $4.0B

Italy $3.2B

Brazil $2.8B

Other Asia, nes $1.9B

Vietnam $712M

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Top partners of Canada in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	United States	$399,994 M	$258,131 M	$658,126 M	$141,863 M
#2	China	$28,459 M	$57,864 M	$86,323 M	−$29,405 M
#3	Mexico	$9,265 M	$31,955 M	$41,220 M	−$22,690 M
#4	Japan	$12,224 M	$14,601 M	$26,825 M	−$2,377 M
#5	Germany	$6,422 M	$15,816 M	$22,238 M	−$9,393 M
#6	South Korea	$6,506 M	$11,664 M	$18,170 M	−$5,158 M
#7	United Kingdom	$8,256 M	$6,552 M	$14,809 M	$1,704 M
#8	Italy	$3,237 M	$8,257 M	$11,494 M	−$5,020 M
#9	Vietnam	$712 M	$10,351 M	$11,064 M	−$9,639 M
#10	India	$5,447 M	$5,514 M	$10,961 M	−$67 M
#11	France	$4,005 M	$6,480 M	$10,485 M	−$2,475 M
#12	Switzerland	$4,628 M	$5,716 M	$10,344 M	−$1,088 M
#13	Brazil	$2,813 M	$6,668 M	$9,481 M	−$3,855 M
#14	Netherlands	$4,797 M	$3,223 M	$8,020 M	$1,575 M
#15	Other Asia, nes	$1,950 M	$4,936 M	$6,886 M	−$2,986 M

15 rows

Products & sectors

Product composition of Canada's trade in 2024.

Year

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Concentration & risk

Canada's export partners diversified over 1995–2024 — HHI 0.555 → 0.539, a concentrated export base across 215 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Canada per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.555	0.467	197	189
1996	0.575	0.474	199	192
1997	0.596	0.476	199	198
1998	0.624	0.484	198	198
1999	0.661	0.475	197	200
2000	0.659	0.436	206	208
2001	0.661	0.428	209	211
2002	0.668	0.408	210	211
2003	0.664	0.381	211	211
2004	0.648	0.358	210	212
2005	0.649	0.335	213	212
2006	0.618	0.319	213	211
2007	0.573	0.315	214	214
2008	0.547	0.297	215	215
2009	0.516	0.284	215	214
2010	0.529	0.281	213	213
2011	0.509	0.268	213	214
2012	0.523	0.280	215	215
2013	0.517	0.295	214	214
2014	0.539	0.319	218	217
2015	0.522	0.326	215	218
2016	0.517	0.316	216	217
2017	0.518	0.309	218	217
2018	0.484	0.290	217	217
2019	0.517	0.284	216	217
2020	0.503	0.268	217	217
2021	0.525	0.263	217	217
2022	0.536	0.272	214	217
2023	0.515	0.276	215	216
2024	0.539	0.268	215	216

30 rows

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