Canada’s largest trading partner is America, and America’s largest trading partner is Canada.
Cars, trucks, and automobile parts, are the major exports of Canada (totaling 19.3%). Wood, paper, and paper products follow Canada's vehicle exports closely (totaling 14.6%).
transportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, fish products, petroleum and natural gas
$440.1 billion (2007 est.)
motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment, electronics, chemicals, plastics, fertilizers, wood pulp, timber, crude petroleum, natural gas, electricity, aluminum
Main export partners
U.S. 78.9%, UK 2.8%, China 2.1% (2007)
$394.4 billion (2007 est.)
machinery and equipment, motor vehicles and parts, electronics, crude oil, chemicals, electricity, durable consumer goods
Main import partners
U.S. 54.1%, China 9.4%, Mexico 4.2% (2007)
Passenger motor vehicles (15.4%)
Gas, natural and manufactured (5.4%)
Telecommunications equipment (5.1%)
Crude petroleum (4.7)
Motor vehicle parts and accessories (3.9%)
Paper and paperboard (3.8%)
Wood and cork (3.3%)
Non-ferrous metals (2.9%)
Consumer goods 13.0%
Industrial supplies 21.8%
Canada has considerable natural resources spread across its varied regions. In British Columbia, the forestry industry is of great importance, while the oil industry is important in Alberta and Newfoundland and Labrador. Northern Ontario is home to a wide array of mines, while the fishing industry has long been central to the character of the Atlantic Provinces. Canada has mineral resources of coal, copper, iron ore, and gold.
Canada is one of the few developed nations that is a net exporter of energy. Most important are the large oil and gas resources centered in Alberta and the Northern Territories, but also present in neighboring British Columbia and Saskatchewan. The vast Athabasca Tar Sands give Canada the world's second largest reserves of oil after Saudi Arabia according to USGS.
Canada is also one of the world's largest suppliers of agricultural products, particularly of wheat and other grains. Canada is a major exporter of agricultural products, to the United States but also to Europe and East Asia.
Imports and Exports of Food
Canada's exports of processed food products exceed imports by about 30%. In 2003, Canada exported $16.8 billion worth of processed food products and imported $12.6 billion.
The United States continues to be Canada's single largest export market, the destination for almost 75% of exports by the Canadian food processing industry up from 60% in 1995 and 54% in 1990 at the signing of the Canada United States Trade Agreement (CUSTA).
There is significant import penetration in the Canadian seafood market. Canada imported over 60% of its domestic seafood product needs in 2001. At the same time Canadian seafood processors exported 74% of Canadian production. Canada also imported 41% of its sugar and confectionary products, 31% of its processed fruit and vegetables, and 31% of its milled grain and oilseed products.