Biggest Exporting Industries in Canada in 2025

• 1. Oil Drilling & Gas Extraction in Canada

  Imports for 2025: $141.1B

  Oil drilling and gas extraction in Canada have grown tremendously, resulting from rising prices and additional investment in production. Oil and gas companies suffered significantly in 2020 amid the pandemic as prices drastically fell amid lockdowns. As the economy reopened, the need for oil and gas became apparent and prices skyrocketed, bolstering revenue. The Russia-Ukraine conflict further exacerbated this, causing exports to surge as foreign countries looked elsewhere to get oil and gas....

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• 2. SUV & Light Truck Manufacturing in Canada

  Imports for 2025: $40.7B

  Canadian SUV and light truck manufacturers have struggled over the past decade, particularly as automakers move production abroad. High labour costs in Canada have encouraged foreign automakers to shift production to the United States, Mexico and other low-cost regions, diminishing output. However, the remaining passenger vehicle output in Canada has shifted toward increasingly popular SUVs and light trucks, creating some growth opportunities domestically. In particular, pickup trucks have gr...

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• 3. Petroleum Refining in Canada

  Imports for 2025: $28.7B

  Revenue for the Canadian Petroleum Refining industry has been volatile. Crude oil is the primary input into industry products, and therefore, its price is the primary driver of industry revenue. However, the pandemic's collapse in oil prices in 2020 drove refinancing revenue down. Subsequently, high demand and ongoing supply chain disruptions led crude oil prices to spike sharply, translating into an industry revenue boom in 2021 and 2022. However, tempering oil prices in 2024 and potentially...

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• 4. Meat, Beef & Poultry Processing in Canada

  Imports for 2025: $25.1B

  The Canadian meat, beef and poultry processing industry is a cornerstone of the nation's food manufacturing sector. Despite its essential role, the industry has grappled with notable challenges recently. A growing awareness of the health risks associated with red meat consumption, such as obesity, heart disease and certain cancers, has prompted many Canadians to reevaluate their dietary habits. Consequently, per capita meat consumption growth has slowed, pressuring mark...

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• 5. Aircraft, Engine & Parts Manufacturing in Canada

  Imports for 2025: $20.2B

  Canadian airplane, engine and parts manufacturers develop and produce planes, rotorcraft, engines and related components for civil and defense markets. In particular, the Canadian industry is a leader in manufacturing business aircraft, commercial planes with less than 150 seats, civil helicopters, regional and small engines and various aerospace components. Bombardier leads this market, dominating business jet and charter jet markets. The industry displayed significant volatility through the...

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• 6. Car & Automobile Manufacturing in Canada

  Imports for 2025: $13.8B

  Canadian car and automobile manufacturers have struggled, particularly as automakers move production abroad. High labour costs in Canada have encouraged foreign automakers to shift production to the United States and Mexico, highlighted by Toyota moving production of all passenger vehicles out of Canada.  As a result, output has fallen from Canada's biggest car producers while remaining operations have increasingly focused on SUV and light truck production. Even so, pent-up demand for driving...

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• 7. Aluminum Manufacturing in Canada

  Imports for 2025: $13.7B

  Canadian aluminum manufacturers produce various aluminum products, ranging from alumina to finished aluminum sheets and foil. Aluminum is lightweight, ductile, corrosion-resistant, highly conductive and recyclable, making it useful in various applications. For instance, aluminum sheets are a major input into automobiles and airplanes, while aluminum foil and rolled sheets are commonly used in containers and packaging material. The United States accounts for nearly all exports, making domestic...

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• 8. Copper, Zinc & Lead Refining in Canada

  Imports for 2025: $12.3B

   Canadian metal producers have benefited from growing economic uncertainty and rising prices as consumers seek safer investments, such as gold and silver. Similarly, growing manufacturing and construction activity following the initial stages of the pandemic caused the price of other metals, including copper and nickel, to skyrocket, enabling refineries to pass down cost increases to buyers. However, refineries have been negatively impacted by normalizing economic conditions and falling metal...

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• 9. Bread Production in Canada

  Imports for 2025: $11.5B

  Bread producers expanded over the five years to 2025, with steadily growing export sales and strong demand for the industry's higher-end varieties partly offset by stagnating domestic consumption of wheat products. Despite significant efforts to reinvigorate the bread market, the industry endured decelerating domestic demand from several vital downstream markets because of the health trends discouraging bread consumption. However, industry revenue will still expand at a CAGR of 7.4% over the ...

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• 10. Wheat Farming in Canada

  Imports for 2025: $11.5B

  Canadian wheat farms have grown despite considerable economic volatility through the end of 2024. The industry is highly globalized and reliant on trade, which has improved following the dismantling of the Canadian Wheat Board in 2012; the board had restricted the marketing freedom of farms. Demand for Canadian wheat abroad has risen because of its reputation for high quality. Favourable price increases driven by world wheat prices have improved farm revenue and profitability. Improved trade ...

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