Which Of The Following Is Canada’S Largest Trading Partner?

List of the largest trading partners of Canada

Rank Territory Exports
World 592,552.8
1 United States 446,950.5
European Union 48,196.4
2 China 23,249.1

Who is Canada’s largest trade partner?

The United States
The United States is Canada’s chief trading partner, constituting more than two-thirds of all Canadian trade; exports account for a larger share of trade than imports.

Who are Canada’s top 3 trading partners?

Also shown is each import country’s percentage of total Canadian exports.

  • United States of America: US$380.4 billion (75.6% of total Canadian exports)
  • China: $23 billion (4.6%)
  • United Kingdom: $12.9 billion (2.6%)
  • Japan: $11.5 billion (2.3%)
  • Mexico: $6.5 billion (1.3%)
  • Germany: $5.5 billion (1.1%)
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Is Us Canada’s biggest trading partner?

Canada and the U.S. share one of the largest trading relationships in the world, with over $1 trillion in bilateral trade in goods and services in 2021.

Who is the largest trading partner?

List of countries by leading trade partners

Country Leading export market Leading import source
Chile China China
China United States European Union
Colombia United States China
Comoros European Union European Union

Is China Canada’s biggest trading partner?

China is the world’s second largest economy and is the second most important bilateral commercial partner for Canada.

Who are the top 3 trading partners?

Who Does the U.S. Trade Most With?

Rank U.S. Trade Partners Goods Imports (in billion U.S. dollars)
#1 Canada $357.2
#2 Mexico $384.7
#3 China $506.4
#4 Japan $135.1

Who are Canada’s top 5 trading partners?

Canada’s Top 5 Trading Partners

  • United States—$337 billion (USD) (75.4% of total Canadian exports)
  • China—$18 billion (USD) (3.9% of total Canadian exports)
  • United Kingdom—US $15 billion (3.3% of total Canadian exports)
  • Japan—US$9 billion (2.1% of total Canadian exports)

What is Canada’s main trade?

Exports The top exports of Canada are Crude Petroleum ($47.2B), Cars ($31.8B), Gold ($14.4B), Motor vehicles; parts and accessories (8701 to 8705) ($9.06B), and Sawn Wood ($7.69B), exporting mostly to United States ($264B), China ($19.3B), United Kingdom ($13.2B), Japan ($9.44B), and Mexico ($5.26B).

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What are Canada’s top 5 exports?

Canada’s 5 biggest export products by value in 2021 were crude oil, cars, gold, petroleum gases, gold and sawn wood. In aggregate, those major exports approach one third (30.7%) of the Canada’s overall exports sales.

What are Canada’s largest imports?

Canada’s biggest imported products by total cost in 2021 were for imported cars, trucks, automobile parts or accessories, refined petroleum oils and crude oil.

What are Canada’s top 3 imports?

The largest categories of goods that Canada imports include Automotive products ($115 billion); machinery ($69 billion); electronics ($72 billion); plastics ($45 billion); and energy ($37 billion). These imports don’t always involve the purchase of a consumer product such as a car or a laptop.

Does Canada have trading partners?

Canada continues to have strong trading ties to the United States, the European Union and China, its top 3 trading partners. Goods exports to the United States and the European Union grew well, supported by free trade agreements with these partners.

Which country is the largest trader?

The United States is the world’s largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019. The U.S. has trade relations with more than 200 countries, territories, and regional associations around the globe. The United States is the 2nd largest goods exporter in the world.

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What is the largest trading country in the world?

the United States
Main world traders: EU, USA and China
In 2021, the EU, the United States and China recorded by far the world’s highest trade in goods values. Together, these countries accounted for around 45 % of global imports and 44 % of global exports of goods (see Figure 1).

What are the biggest trades in the world?

The Most Traded Goods

Rank Category of Good Total Value (2016)
#1 Cars $1,350 billion
#2 Refined Petroleum $825 billion
#3 Integrated Circuits $804 billion
#4 Vehicle Parts $685 billion

Which country is the second biggest trading partner of Canada?

China
List of the largest trading partners of Canada

Rank Territory Exports
World 592,552.8
1 United States 446,950.5
European Union 48,196.4
2 China 23,249.1

How many trading partners does Canada have?

Canada has trade relations with 224 countries and territories, with which it trades more than 5,500 types of products and services.

Is Canada partners with China?

Canada’s relationship with China is long-standing and dates from well before the establishment of diplomatic relations in 1970. Canada is represented by an embassy in Beijing and consulates general in Chongqing, Guangzhou, Hong Kong and Shanghai.

Who are Canada’s top 10 trading partners?

Canada top 5 Export and Import partners

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Market Trade (US$ Mil) Partner share(%)
United States 284,478 73.25
China 18,861 4.86
United Kingdom 14,855 3.83
Japan 9,244 2.38

Who does Canada export to?

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Canada Exports By Country Value Year
United States $378.07B 2021
China $22.39B 2021
United Kingdom $13.15B 2021
Japan $11.57B 2021