Canada's Foreign Trade

Main article: Economy of Canada

2024: The United States and other G7 countries are the main partners in the trade in goods

2023

Trade turnover between Russia and Canada - $83 million

Trade between Russia and Canada in January-November 2023 amounted to $83 million, while in 2021 the figure was measured at $2.2 billion. The Ambassador of the Russian Federation to Ottawa Oleg Stepanov cited such data in February 2024.

With the start of Russia's special military operation in Ukraine, Ottawa actually initiated a total blocking of Russian-Canadian economic ties. Because of such unfriendly actions, bilateral trade breathes incense, "he said in a conversation with RIA Novosti.

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According to Stepanov, since February 2022, Ottawa has introduced more than 60 packages of sanctions against Moscow. The restrictions affected a number of critical sectors of the Russian economy.

Oleg Stepanov noted that Canada has banned almost all imports from Russia. The most favored nation regime has been unilaterally canceled, which entails the introduction of 35% duties for Russian exporters. The airspace and waters of Canada are closed for aircraft and ships associated with Russia or its citizens, the Russian ambassador to Ottawa added.^[1]

4th in the world in terms of wheat exports

According to data available for March 2023

2022

Trade turnover between Russia and Canada - $749.6 million

Trade between Russia and Canada, according to the Statistics Agency of Canada, in 2022 amounted to $749.6 million (a decrease of 66.4% compared to 2021). Canada's exports to Russia in 2022 amounted to $165.4 million, a decrease of 68.4% compared to 2021. In 2022, Canada imported goods from Russia for $584.2 million (a decrease of 65.8%).

The main goods of Canadian exports to Russia for 2023:

• aircraft and other aircraft, with an empty equipped vehicle weight of more than 15,000 kg - $65.6 million;
• other machines and mechanical devices with individual functions - $12.7 million;
• fertilized eggs for incubation of other poultry - $8.4 million.

The main positions of Canadian imports from Russia were the following goods:

• urea, including in aqueous solution - $138.7 million;
• other distillates and products - $47.7 million;
• tires and tires pneumatic rubber new for cars - $35.9 million;

The United States is the largest export destination

According to data available for August 2023.

Gas export via pipelines

Gas exports via pipelines in 2022

Reduction in exports to Russia by 10 times against the background of the conflict in Ukraine

Exports from Canada to Russia fell 91% between March and December 2022, falling from $584 million in 2021 to $52 million in 2022.

2020: Canada - in the top ten exporters of wheat with an indicator of 26.1 million tons

Top ten wheat exporters in 2020, million tons.

2019: $2 billion in computer device exports

The volume of exports of computer devices in countries of the world, 2019

See also

• Russia's Foreign Trade
• China's foreign trade
• US Foreign Trade

Notes