According to the Economic Complexity Index, Canada was the world’s number 9 economy in terms of GDP, number 12 in exports, number 11 in imports, top 22 in GDP per capita, and the number 29 most complicated economy in 2020.
Crude petroleum, automobiles, gold, vehicle parts, and sawn wood are Canada’s biggest exports, with most going to the United States, China, the United Kingdom, Japan, and Mexico.
Cars, automobile parts, delivery vans, television and radio equipment, and gold are Canada’s biggest imports, with most of them coming from the United States, China, Germany, Mexico, and Japan.
In November 2021, Canada exported C$53.7 billion of goods and imported C$54.7 billion in products, resulting in a nearly $1.05 billion trade deficit. Canada’s exports climbed by C$10.6 billion (24.8 percent) from C$43 billion to almost $53.7 billion between November 2020 and November 2021, while imports increased by $6.49 billion (13.5 percent) from $48.2 billion to $54.7 billion.