Canada engages actively in international trade, maintaining balanced import-export activities with several key global partners. Its primary export destinations include the United States, China, Japan, and Germany, while it imports significantly from countries like Vietnam, Mexico, and Germany.
Top 5 countries that import are countries such as:
Top 5 countries for export
Japan
Germany
United States
China
Top 5 countries for export:
Do we have a trade surplus or deficit?
Canada is willing to pursue with this process and are seeking to lower the tariffs meaning a custom duty to pay a certain classification of the imports and exports.
At the moment Canada does not have trade surplus or deficit. The imports and Exports are about 475 billion dollars that are from the United States.