List of the largest trading partners of Canada
Canada maintains extensive trade relations with numerous countries around the world as a trading nation,[1][2][3] although its largest trading partners are primarily concentrated in North America, Europe, and Asia. These economic relationships are measured by the total value of goods and services exchanged.
Contemporary overview
Canada is a founding member of the World Trade Organization (WTO) since 1 January 1995, having been an original GATT member since 1 January 1948.[4] Canada has concluded free trade agreements with 51 countries,[5] recently with South Korea, which represents Canada's first FTA with a partner in the Asia-Pacific region. Canada has two other significant overseas multilateral trade agreements: the Comprehensive Economic and Trade Agreement (CETA) with the European Union and the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with 10 other Pacific-Rim countries.[6]
Canadian exports account for roughly 2.4% of the total value of goods exported worldwide, projected at US$23.926 trillion for 2024.[7] Of that total trade, roughly 70% to 75% is done with countries that are part of free trade agreements with Canada—primarily the United States through the Canada–United States–Mexico Agreemen being the largest.[8][9]
Largest trade partners by total trade
The following table shows Canada's largest trading partners for the 2024 calendar year, ranked by total goods trade (exports plus imports) in billions of Canadian dollars. These figures include goods only and exclude services and foreign direct investment.[10]
| Rank | Territory | Exports ($ billions) | Imports ($ billions) | Total trade ($ billions) | Total trade(%) | Trade balance ($ billions) |
|---|---|---|---|---|---|---|
| - | World | 720.1 | 765.7 | 1,485.8 | 100% | -45.6 |
| 1 | File:Flag of the United States.svg United States | 547.4 | 377.0 | 924.4 | 62.22% | +170.4 |
| - | Indo-Pacific | 75.5 | 183.0 | 258.5 | 17.40% | -107.5 |
| - | Europe and Central Asia | 68.8 | 109.3 | 178.1 | 11.99% | -40.5 |
| 2 | File:Flag of the People's Republic of China.svg China | 29.3 | 88.8 | 118.1 | 7.95% | -59.5 |
| - | File:Flag of Europe.svg European Union[11] | 34.5 | 73.6 | 108.1 | 7.27% | -39.1 |
| - | Latin America and the Caribbean | 18.6 | 76.4 | 95.0 | 6.40% | -57.8 |
| 3 | File:Flag of Mexico.svg Mexico | 8.1 | 47.3 | 55.4 | 3.73% | -39.2 |
| 4 | File:Flag of the United Kingdom (1-2).svg United Kingdom | 27.0 | 9.8 | 36.8 | 2.48% | +17.2 |
| 5 | File:Flag of Japan.svg Japan | 14.8 | 21.4 | 36.2 | 2.48% | -6.6 |
| 6 | File:Flag of Germany.svg Germany | 5.7 | 23.8 | 29.5 | 1.99% | -18.1 |
| 7 | File:Flag of South Korea.svg South Korea | 7.5 | 16.9 | 24.4 | 1.64% | -4.5 |
| 8 | File:Flag of Vietnam.svg Vietnam | 1.0 | 14.7 | 15.7 | 1.06% | -1.5 |
| 9 | File:Flag of Italy.svg Italy | 3.1 | 12.5 | 15.6 | 1.05% | -9.4 |
| - | Africa | 5.4 | 9.5 | 14.9 | 1.00% | -4.5 |
| 10 | File:Flag of Switzerland (Pantone).svg Switzerland | 6.1 | 8.1 | 14.2 | 0.96% | -2.0 |
| - | Middle East | 5.4 | 4.9 | 10.3 | 0.69% | +0.5 |
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Largest export partners
The following table shows Canada's largest export partners for the 2024 calendar year, ranked by total goods exported in billions of Canadian dollars. These figures include goods only and exclude services and foreign direct investment.[10]
| Rank | Territory | Exports ($ billions) | Total export (%) |
|---|---|---|---|
| - | World | 720.1 | 100% |
| 1 | File:Flag of the United States.svg United States | 547.4 | 76.02% |
| - | Indo-Pacific | 75.5 | 10.48% |
| - | Europe and Central Asia | 68.8 | 9.55% |
| - | File:Flag of Europe.svg European Union[11] | 34.5 | 4.79% |
| 2 | File:Flag of the People's Republic of China.svg China | 29.3 | 4.07% |
| 3 | File:Flag of the United Kingdom (1-2).svg United Kingdom | 27.0 | 3.75% |
| - | Latin America and the Caribbean | 18.6 | 2.58% |
| 4 | File:Flag of Japan.svg Japan | 14.8 | 2.06% |
| 5 | File:Flag of Mexico.svg Mexico | 8.1 | 1.25% |
| 6 | File:Flag of South Korea.svg South Korea | 7.5 | 1.04% |
| 7 | File:Flag of the Netherlands.svg Netherlands | 6.3 | 0.87% |
| 8 | File:Flag of Switzerland (Pantone).svg Switzerland | 6.1 | 0.85% |
| 9 | File:Flag of Germany.svg Germany | 5.7 | 0.79% |
| - | Africa | 5.4 | 0.75% |
| - | Middle East | 5.4 | 0.75% |
| 10 | File:Flag of India.svg India | 5.1 | 0.70% |
Largest import partners
The following table shows Canada's largest import partners for the 2024 calendar year, ranked by total goods exported in billions of Canadian dollars. These figures include goods only and exclude services and foreign direct investment.[10]
| Rank | Territory | Imports ($ billions) | Total import (%) |
|---|---|---|---|
| - | World | 765.7 | 100% |
| 1 | File:Flag of the United States.svg United States | 377.0 | 49.24% |
| - | Indo-Pacific | 183.0 | 23.90% |
| - | Europe and Central Asia | 109.3 | 14.27% |
| 2 | File:Flag of the People's Republic of China.svg China | 88.8 | 11.60% |
| - | Latin America and the Caribbean | 76.4 | 9.98% |
| - | File:Flag of Europe.svg European Union[11] | 73.6 | 9.61% |
| 3 | File:Flag of Mexico.svg Mexico | 47.3 | 6.18% |
| 4 | File:Flag of Germany.svg Germany | 23.8 | 3.11% |
| 5 | File:Flag of Japan.svg Japan | 21.4 | 2.79% |
| 6 | File:Flag of South Korea.svg South Korea | 16.9 | 2.21% |
| 7 | File:Flag of Vietnam.svg Vietnam | 14.7 | 1.92% |
| 8 | File:Flag of Italy.svg Italy | 12.5 | 1.63% |
| 9 | File:Flag of Brazil.svg Brazil | 10.2 | 1.33% |
| 10 | File:Flag of France.svg France | 9.9 | 1.29% |
| - | Africa | 9.5 | 1.24% |
| - | Middle East | 4.9 | 0.64% |
See also
- List of the largest trading partners of Australia
- List of the largest trading partners of the ASEAN
- List of the largest trading partners of China
- List of the largest trading partners of the European Union
- List of the largest trading partners of India
- List of the largest trading partners of Russia
- List of the largest trading partners of United Kingdom
- List of the largest trading partners of the United States
- List of the largest trading partners of South Korea
References
- ↑ "Canada is a Trading Nation - Canada's Major Trading Partners". Archived from the original on 2010-09-12. Retrieved 2012-06-12.
- ↑ http=book_result&ct=result&resnum=2&ved=0CBoQ6AEwAQ#v=onepage&q&f=false
- ↑ "OECD Statistics".
- ↑ "Member information". WTO. January 1, 1948. Retrieved September 21, 2026.
- ↑ "Expand globally with Canada's free trade agreements". Trade Commissioner. 3 December 2020. Archived from the original on 6 March 2023.
- ↑ "Trade and investment agreements". International.gc.ca. Archived from the original on 8 May 2017. Retrieved 25 October 2015.
- ↑ "Canada's Top Trading Partners 2025". World's Top Exports. September 21, 2026. Retrieved September 21, 2026.
- ↑ Coyne, Andrew (16 March 2012), Andrew Coyne: Canada at the crossroad of trade, archived from the original on 24 March 2012, retrieved 2 May 2014
- ↑ Boulay, Eric (March 17, 2020). "Canada's international trade and investment country fact sheet". Government of Canada, Statistics Canada. Retrieved September 21, 2026.
- ↑ 10.0 10.1 10.2 "Highlights of Canada's merchandise trade performance - 2024 update". international.canada.ca. Government of Canada. May 2025. Retrieved 21 September 2025.
- ↑ 11.0 11.1 11.2 "Canada Trade Balance, December and Annual 2024". www.novascotia.ca. Province of Nova Scotia. 2025. Retrieved 21 September 2025.