Canada’s leading exports deliver energy, mobility and financial security to the world, especially to the neighbouring U.S., the country’s biggest trade partner and leading buyer of Canada’s oil, cars and gold.
In 2024, Canada was the world’s 12th-largest exporter, with exports amounting to USD 540 billion. Similar to Mexico, the southern neighbour of the U.S., which sent 82% of its 2024 exports, valued at USD 617 billion, to the U.S., Canada sent 76% of its total exports to the U.S. in 2024.
Canada’s exports deliver a combination of energy, mobility and financial security, with the three main export products being crude petroleum oil (USD 104 billion), passenger cars (USD 31 billion) and gold (USD 27 billion).
Canada’s oil (96% to the U.S.) and passenger cars (92%) are overwhelmingly exported to its southern neighbour. Only 23% of Canada’s gold goes to the U.S., with the rest distributed among several partners, including China. Of Canada’s 15 largest export products, 80% are exported to the U.S.
Minerals, Fuels & Chemicals was Canada’s largest export category in 2024 at USD 182 billion (33% of total exports), with the leading products being crude oil, refined petroleum products and liquefied natural gas. Metals, Electronics & Machinery (USD 130 billion) accounted for 24% of total exports, mostly consisting of gold, unwrought aluminium and turbojets & turboprops. At USD 69 billion, Transport Vehicles & Equipment accounted for 13% of total exports, with the main products being passenger cars, auto parts & accessories and aircraft & helicopters.
Other products appearing in the list of top 15 exports are wheat (USD 7 billion) and sawn wood (USD 6 billion).
Canada’s top 50 export products accounted for 71% (USD 382 billion) of total exports in 2024 (USD 540 billion):
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