Canada doesn’t just trade within its own borders between provinces and territories. Canada also trades with countries all over the world. When Canada trades goods with other countries, this is called international trade. If Canada brings in goods from another country to sell here, it is called an import. Bananas being brought to Canada from a warmer country to be sold in our grocery stores is an example of an import. If Canada sends goods to another country to be sold, it is called an export. When Canada sends canola oil to Europe to be sold in the grocery stores there, the canola oil is an example of an export.
Canada trades with countries around the world to import and export items.
Best In The World
Trade has always been important to Canada. Because our nation is so large, we’ve always depended on trade to improve our lives by increasing what goods and resources are available to us. In the past, Canada had to depend on trading mostly with the United States because they are the closest nation to Canada. However, now that technology has improved, Canada can now trade with countries around the globe.
Large ships arrive in ports to drop off or load shipping containers of items that are being imported or exported.
Today, Canada is the top producer of canola and of potash in the world! Our economy today relies on importing products we need and exporting products to countries that need ours.
Saskatchewan farmers produce a large amount of our country’s exports. The top markets for Saskatchewan agri-food exports in 2020 were the United States, China, Japan, India, and Mexico.