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MARKET SNAPSHOT
Like Australia, Canada has a low population density and a vast wealth of
natural resources. The Canadian economy was the 10th biggest economy Austrade has two
in the world by GDP in 2015* while Australia was ranked 13th. Canada is
offices in Canada –
highly integrated with the US economy, with each being the other's major
trading partner. Canada has improved its ranking to 13th (from 15th) most Toronto and
competitive nation economically among 144 countries ranked by the Vancouver – which
World Economic Forum in its 2015-2016 WEF Global Competitiveness work together to
Report.
provide cross-
Total Canada-Australia two-way trade in goods and services was A$6.2 Canada coverage.
billion in 2015. Of this, two-way trade in goods was $3.9 billion with
Australia exporting $1.6 billion in goods to Canada. Top exports included
alcoholic beverages (Canada is Australia’s fourth-largest overseas market
for wine by value), beef, and non–ferrous waste and scrap. The top three
merchandise imports from Canada were non-electric engines and motors
(e.g. turbo-jets, gas turbines, and turbo propellers), medicaments
(including veterinary) and sulphur and iron pyrites. Two-way services
trade was valued at $2.3 billion, with Australia exporting $903 million in
services to Canada.
Disclaimer: Whereas every effort has been made to ensure the information given in this document is accurate, the Australian Trade and
Investment Commission does not provide warranty or accept liability for any loss arising from reliance on such information.
©Commonwealth of Australia 2016