Ranked: Canada’s Top 10 Traded Goods
Canada’s trade is one of the foundations of the nation’s economy. The country imports and exports a wide range of products, with total goods flows contributing over $1.5 trillion to activity in 2024.
So, what are Canada’s most valuable goods categories?
For this graphic, Visual Capitalist partnered with Transport Canada to identify the categories most valuable to Canada and to examine the nation’s goods-trade landscape.
A Strong Trade Balance
Canada has a robust trade balance, made possible by the nation’s extensive rail, marine, and air transport infrastructure, which collectively facilitates the movement of various products within and outside the country.
In 2024, Canada imported over $765 billion of goods and exported $781 billion, resulting in a total trade value of over $1.5 trillion, with an export surplus of $16 billion.
Here are the top 10 goods by their total trade balance:
| Rank | Name | Exports | Imports | Total Trade |
|---|---|---|---|---|
| 1 | Crude Oil | $147B | $21B | $168B |
| 2 | Cars | $44B | $55B | $99B |
| 3 | Gold | $39B | $13B | $52B |
| 4 | Vehicle Parts | $18B | $26B | $44B |
| 5 | Waste Oil | $21B | $21B | $42B |
| 6 | Trucks | $11B | $27B | $38B |
| 7 | Medicine | $13B | $14B | $28B |
| 8 | Turbines and Propellers | $11B | $11B | $21B |
| 9 | Petroleum Gas | $14B | $3B | $17B |
| 10 | Aircraft | $12B | $4B | $16B |
Overall, the nation’s imports tend to focus on consumer goods. Particularly, vehicles and auto parts account for nearly $110 billion of all imports.
Canada exports a wide variety of goods. However, the nation’s clean energy infrastructure and access to vast reservoirs of natural resources allow Canada to export large quantities of essential energy products.
For instance, approximately 30% of Canada’s exports are energy products, valued at nearly $227 billion, with a significant portion exported to the U.S. and other G7 nations.
A Foundation of Canada’s Economy
Are you interested in learning more about Canada’s transportation and trade data?
Drawing directly from the most authoritative sources, including the Government of Canada and Statistics Canada, the Transport Data and Information Hub (TDIH) provides information on Canada’s roads, rail networks, air traffic, port activity, trade, and more.
Información extraída de: https://www.visualcapitalist.com/sp/tc01-ranked-canadas-top-10-traded-goods/
