Canada Import Products: A Comprehensive List for 2024

Canada the world’s second-largest country by land area has an extensive and dynamic economy. It excels in the service industry and heavily relies on its natural resources. According to the source of the World Bank, Canadian imports of goods and services (percent of GDP) were a staggering 33.71 percent in 2022, demonstrating the richness and complexity of Canada's trade.

In addition, Canada’s dependence on imported goods manufactured by the country is an important aspect of the country’s economic landscape. Automotive components, automobiles, and industrial machinery are among the most sought-after imported items. These goods play a vital part in keeping Canada’s economy in good shape. What are the top imports of Canada? This blog will explore the Canada import products list and the significance of these products to maintain the strength of Canada’s economy.

What is the cost of Canada imports?

Let’s look at the size that is the Canada Importers Database.

According to Canada's import data, the value of all the imports of merchandise in 2023 reached $558 billion. This is a 1.96 percent decrease over the year before, with imports of merchandise falling to $11.1 billion. (In 2022 the value of these imports reached five billion dollars.)

The year 2023 saw Canada’s goods exports amounted to $566 billion. All in all, Canada’s commodity exports declined 5.01 percent from 2022. According to Canada's exports of imports, the value of merchandise exports fell by 29 billion dollars (the value of exports of goods of Canada reached $596 billion by 2022).

When it comes to Canada's import data and imports, the total of Canada’s imports (including items and services) have reached record levels of 940.39 billion Canadian dollars in 2022. If you require current market information, such as the Canada import product list or Canada import information, get in touch with Seair Exim Solutions anytime.

Canada Top 10 Imports: Global Partners

Did you know? Canada is dependent on a solid international network to meet the requirements of its importers. Here’s an analysis of 10 top Canada export and import partners:

In January 2024, Canada exported the largest portion of its items:

• United States
• China
• United Kingdom
• Japan
• South Korea

Imports of Canada in 2023 by the country

Canada’s top import partners include the United States (C$27.5 billion), China (C$6.39 billion), Mexico (C$3.36 billion), Germany (C$1.8 billion), and Japan (C$1.64 billion). In addition, if you need up-to-date market data including Canada import product list, Canada export products, and Canada importers database join our platform now.

Then, take a look at the top imports from Canada in 2023 and Canada imports on the list!

Canada the Top Imports

Based on Canada import data, these are the most popular Canada export goods or Canada import list of products:

1. Machinery: Canada is a major importer of an assortment of machines including industrial equipment used in industry to tractors designed for agriculture. This gives access to the latest technology and low-cost alternatives. (Partners: United States, Germany, and China.
2. Components and vehicles: Canada imports many finished automobiles and trucks, as well as new components for vehicles. This offers consumers a wider range of options while ensuring that repair costs are comparable. (Partners: United States, Mexico, and Japan.)
3. Mineral fuels and oils: The list is regarded as one of the top Canada import products list, and has one of the largest reserves of oil, and crude imports of oil into Canada have increased dramatically in recent times. Canada is importing crude oil to support the production of its refineries and diversify their supply. (Partners: US, Saudi Arabia, and Algeria)
4. Metals and gemstones: Canada imports diamonds and gold as well as other precious stones to meet the demands for jewelry, electronics, and industrial applications, thereby boosting the mining industry. (Partners: Various)
5. Furniture and prefab buildings: Canada exports furniture and mattresses, lamps, and even prefabricated structures for savings, greater options, and more specialized choices. (Partners: China, Vietnam, United States.)
6. Steel and iron products: Canada imports steel pipes, tools, construction materials, as well as machinery components to access certain kinds, quantities, and potentially lower costs. (Partners: United States, China, and South Korea.)
7. Pharmaceuticals: Canada imports drugs to give patients access to the latest treatments as well as to control the costs of medicines and increase the size of its pharmaceutical industry. (Partners: USA, Switzerland, Germany)
8. Plastics: To save on costs and give you more options, Canada imports a wide variety of plastics, from automotive parts to packaging. (Partners: United States, China, Saudi Arabia)
9. Electronic Machinery: Canada imports special electronic equipment for the manufacturing industry and for other applications, to have access to the latest technology. (Partners: Similar to Machinery, South Korea, Taiwan)
10. Technical instruments: Canada is importing microscopes and medical imaging equipment and other instruments that are specialized to gain access to the latest technologies and possibly lower costs. (Partners: US, Germany, Japan, Mexico)

Let’s look at the exports from India to Canada!

India-Canada Trade Data

Let’s take a look at some of the most popular exports that originate from India and Canada!

• Cotton yarn
• Organic chemical compounds
• Iron ore
• Mineral fuels
• Plastic products
• Fish
• Salts
• Electrical machinery
• Steel and iron
• Jewelry and gems

How do I find Canada Importers?

If you are looking for the most up-to-date Canada Major Imports List, the top items imported into Canada first have to understand the details of Canada importers’ databases.

Canada as a vast market is an attractive destination for many items. To be able to successfully import goods into Canada companies must comply with trade laws that govern market trends, understand the latest market trends, and the HS codes, as well as know the specific Canada's most popular imports.

To get precise Canada Importers data, firms need to seek current and accurate import information from the most reliable Canada import export data source like Seair Exim Solutions, and then obtain worldwide trade data without delay.

Wind Up

As we approach the blog's conclusion, we’d like to be clear that Canada’s import policy is a significant indicator of its structure and economics regional distinctions, as well as its participation in international markets. So, the top imports of Canada offer a complete analysis of Canada’s economy and trade trends.

Contact Seair Exim Solutions if you have any queries regarding import export data, US Imports Data, HSN codes as well as the Canada exporters’ database. Our experts will help you get the very best of their expertise and expertise. To schedule a free live demo, click here.