Canada world map

Trade in Canada

Canada was the world’s 11th largest exporter of goods and 16th largest exporter of commercial services in 2021. Export values were $507.6 and $102.6 billion USD respectively. Canada’s top export category was manufactures, followed by fuels and mining products, and agricultural products. In 2020, Canada’s main export destination markets for goods and services trade were to the United States, China and the the United Kingdom, with trade representing 60.78 per cent of GDP. In terms of imports, Canada is the world’s 14th largest importer of goods and 16th largest importer of commercial services. Import values were $504 and $103.7 billion USD respectively in 2021. Canada’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were the United States, China and Mexico. Canada is part of 15 different Regional Trade Agreements, such as Canada – Chile, Canada – Colombia and Canada – Costa Rica.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Canada

Abbreviation

CA

Capital

Ottawa

WTO Membership Date

1 January 1995

Legal System

common law system except in Quebec, where civil law based on the French civil code prevails

Language

English, French

Number of Time Zone(s)

6

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Canadian dollar

Exchange Rate

Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • ABN AMRO Bank NV Montreal - Montreal, Canada - SWIFT: ABNACATTMTL

  • Bank of China Canada - Toronto, Canada - SWIFT: BKCHCATT

  • Bank of China Toronto Downtown - Toronto, Canada - SWIFT: BKCHCATTCTX

  • Bank of China Toronto Scarborough - Scarborough, Canada - SWIFT: BKCHCATT

  • Bank of China Vancouver - Vancouver, Canada - SWIFT: BKCHCATTVAN

  • Bank of Montreal - Toronto, Canada - SWIFT: BOFMCAT2

  • BNP Paribas Canada - Toronto, Canada - SWIFT: BNPACAMM

  • BNP Paribas Canada - Montreal, Canda - SWIFT: BNPACAMM

  • Canadian Imperial Bank of Commerce - Toronto, Canada - SWIFT: CIBCCATT

  • Canadian Imperial Bank of Commerce Montreal - Montreal, Canada - SWIFT: CIBCCATT

  • Canadian Imperial Bank of Commerce Vancouver - Vancouver, Canada - SWIFT: CIBCCATT

  • Habib Canadian Bank - Mississauga, Canada - SWIFT: HBZUCATT

  • HSBC Bank Canada - Toronto, Canada - SWIFT: HKBCCATT

  • National Bank of Canada - Montreal, Canada - SWIFT: BNDCCAMMINT

  • The Bank of Nova Scotia - Toronto, Canada - SWIFT: NOSCCATT

  • The Toronto-Dominion Bank - Toronto, Canada - SWIFT: TDOMCATTTOR

  • The Toronto-Dominion Bank Montreal - Montreal, Canada - SWIFT: TDOMCATTMTL

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Government MSME Agency

  • Trade Commissioner Service

  • Trade Policy and Small- and Medium-Sized Enterprises

  • International Trade and Investment

Copyright Offices

  • Canadian Intellectual Property Office (CIPO)

Industrial Property Offices

  • Canadian Intellectual Property Office (CIPO)

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • Global Affairs Canada
    Technical Barriers and Regulations Division
    Phone: +(343) 203 4273
    Website: http://www.international.gc.ca/trade-agreements-accords-commerciaux/wto-omc/enquiry.aspx?lang=eng

    111 Sussex Drive

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • Notification Authority and Enquiry Point
    Global Affairs Canada
    Technical Barriers and Regulations Division
    Phone: +(343) 203-4273
    Website: http://www.international.gc.ca

    111 Sussex Drive,
    Ottawa, Ontario K1A 0G2

    [email protected]

Additional Information

ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

https://www.tariffinder.ca/en/

Trade Information Portal

https://www.canada.ca/en/services/business/trade.html

Last Reviewed: July, 2023

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Simplify your market research with an integrated source of trade intelligence, for firms of all sizes, even the smallest. The Global Trade Helpdesk, an initiative by the International Trade Centre, the United Nations Conference on Trade and Development, and the World Trade Organization, provides market intelligence for companies looking to trade in an easy-to-use online tool.