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Export News
24-04-2024
After falling for three consecutive months, the value of Canada's exports surged 5.8% in one month in February 2024 to a more than one-year high of C$66.6 billion. This increase, the largest since August 2023, was driven by a sharp rise in exports of metallic and non-metallic mineral products, which rose 31.1% to a record C$9.4 billion. Shipments of unwrought gold, silver and platinum group metals and their alloys, which consist primarily of unwrought gold, contributed the most to the increase, rising by C$2.0 billion, or 68.8%. Higher shipments of high-value refined gold and increased transfers of gold assets from the banking sector in February coincided with a sharp rise in gold prices at the end of February. In addition, exports of agricultural commodities, fisheries and intermediate foodstuffs rose by 9.7% in February, the strongest percentage increase since July 2023. In addition, sales of motor vehicles and parts rose by 3.8%, particularly passenger cars and light trucks (+3.0%).
Canada's Top 10 Major Exports in 2023
1.HS Code：71340000013(35.31%, $257.27 Million)
2.HS Code：49070010(11.5%, $83.82 Million)：Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognised face value; stamp-impressed paper; banknotes; cheque forms; stock, share or bond certificates and similar documents of title: U
3.HS Code：8802400016(6.46%, $47.06 Million)
4.HS Code：8411228008(4.54%, $33.04 Million)：Turbopropellers of a power > 1.100 kW (detailed label not available)
5.HS Code：3061499(3.87%, $28.23 Million)：Frozen crabs, even smoked, whether in shell or not, incl. crabs in shell, cooked by steaming or by boiling in water (detailed label not available)
6.HS Code：8802300002(2.99%, $21.79 Million)：Aeroplanes and other powered aircraft of an unladen weight > 2.000 kg but <= 15.000 kg (excl. helicopters, dirigibles and unmanned of heading 8806)
7.HS Code：71340000012(2.95%, $21.5 Million)：Dried, shelled lentils, whether or not skinned or split
8.HS Code：88073000(2.9%, $21.15 Million)
9.HS Code：880240001000(2.82%, $20.55 Million)
10.HS Code：841191001000(2.79%, $20.31 Million)：Parts of turbojets or turbopropellers, n.e.s.
Canadian imports rose by 4.6% in February to $65.2 billion, the highest level
since June 2023, with all product categories posting gains. Notably, imports of
electrical and electronic equipment and parts jumped 9.7% to a record $7.6
billion, driven by higher imports of computers and computer peripherals
(+41.4%). In addition, purchases of metal ores and non-metallic minerals
(+23.1%) and energy products (+10.2%) also contributed to the overall increase
in February.
Canada's Top 10 Major Imports 2023
1.HS Code：740311000000(69.32%, $13.79 Million)：Copper, refined, in the form of cathodes and sections of cathodes
2.HS Code：8102990000(9.3%, $1.85 Million)：Articles of molybdenum, n.e.s.
3.HS Code：720230000000(6.32%, $1.26 Million)：Ferro-silico-manganese
4.HS Code：90111000000(2.9%, $0.58 Million)
5.HS Code：7604299000(2.55%, $0.51 Million)：Bars, rods and solid profiles, of aluminium alloys, n.e.s.: Othr bars,rods profils of almn alloys nes
6.HS Code：90190000000(1.68%, $0.33 Million)：Coffee husks and skins; coffee substitutes containing coffee in any proportion + detailed label not available +
7.HS Code：2833250000(0.91%, $0.18 Million)：Sulphates of copper
8.HS Code：9011100000(0.78%, $0.16 Million)：Coffee (excl. roasted and decaffeinated) + detailed label not available +
9.HS Code：530911(0.77%, $0.15 Million)：Woven fabrics of flax, containing >= 85% flax by weight, unbleached or bleached
10.HS Code：722519000000(0.75%, $0.15 Million)：Flat-rolled products of silicon-electrical steel, of a width of >= 600 mm, non-grain-oriented "ECSC"
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