Canada is one of the wealthiest nations in the world, thanks to its high-quality exports. Also known as the Great White North, the diverse country is blessed with 9.985 million km² of landmass divided into eight regions. Each region has unique properties that make it perfect for producing and exporting unique goods.
Over the years, various provinces in the country have seen their culture and economy shaped by the goods they export. For example, Albertans support their oil and gas economy after it has sustained the nation for decades.
Let’s look at some of Canada’s best exports:
1. Oil and Gas
Let’s start with the most obvious. Canada is highly dependent on its oil and gas exports. In fact, the Loonie's fortunes sway with energy prices. For years, the oil and gas industry has helped the country thrive. But revenue has steadily declined due to falling prices of commodities, causing a shortage of capital investment.
2. Composite Manufacturing
Composites have been around since 3400 B.C, when the Mesopotamians created glue and wood to make plywood. Essentially, plywood is two or more materials used to create a more robust material that takes advantage of each material's strengths.
Today, composites are used in some of the following industries:
- Medical Devices
- Industrial Applications
- Renewable Energy
- Construction Materials
Some of the best composites manufacturing industries exist in Canada, making it a prime export for the Great White North. The top composite manufacturing company in Canada offers composite manufacturing, part trimming, composite tooling, kit cutting, CNC cutting, composite engineering, and more. The best companies have several decades of experience, use only the best equipment and technologies, pride themselves on product quality, and offer excellent customer service.
Canada's automotive industry uses industry-leading technology and science to produce top exports, especially light trucks, crossovers, and SUVs. Of course, Canada’s biggest customer is the United States, importing 95% of the vehicles that Canada exports.
Unfortunately, due to political friction with the United States, the COVID-19 pandemic, production capacity shortages, increasing labour expenses, and a volatile American economy, Canadian automobile exports have suffered. However, in the face of a new administration vowing to restrengthen ties with Canada and a resurging economy, experts predict that the automobile industry is set to rebound.
4. Meat Industry
Over the years, the meat, beef, and poultry industry have been a significant part of Canada’s exports. The sector employs over 70,000 workers. There has been a sizable decline in these exports over the years as health-conscious consumers avoid red meat, and the COVID-19 pandemic forces production to slow down.
5. Aluminum Manufacturing
Aluminum is a strong, versatile, and durable item that can be used in something as small as aluminum foil products to something as massive as airplanes. Over the years, the United States has been Canada’s biggest customer, consuming most of the exports.
However, disagreements with the last American administration had an impact on the exports. Experts suggest that exports will rebound as tensions ease with the new administration in place.
These are five of Canada’s best exports. Others include wood, minerals, aircraft, etc.