Did you know in 2022, Canada’s total trade with Africa was approximately CAD 20.7 billion, with both exports and imports growing over the years.
- The United States leads the G7 countries in trade with Africa by a significant margin.
- Germany and France follow closely behind, with trade focused on machinery, chemicals, and energy.
Did you know Canada primarily exports goods to Africa, with key sectors including mineral resources, agricultural products, machinery, and aerospace technology.
- Canada’s exports to Africa are centered around natural resources, agriculture, machinery, and aerospace technology.
- Other G7 countries like the U.S. focus more on energy (oil and gas), while Germany and France are strong in machinery, chemicals, and automotive exports.
- Japan and Italy emphasize high-tech products like electronics and vehicles, respectively, but also have a notable presence in industrial machinery.
Did you know Canada’s top trade partners in Africa include South Africa, Egypt, Algeria, Nigeria, and Kenya, which represent the largest markets for Canadian goods and services.
- Canada can also increase trade in Ethiopia, one of Africa’s fastest-growing economies, offers opportunities for Canada in agriculture, machinery, and infrastructure, with a focus on sustainable farming techniques.
- Canada can also increase trade in Ghana, a stable economy with a booming mining sector, presents Canadian firms with chances to expand in gold mining and support energy and infrastructure development.
Canada can also increase trade in Côte d’Ivoire, a leading West African economy, offers prospects for Canadian exports in agriculture, oil and gas, infrastructure, and mining. Canada’s expertise in sustainable agriculture and mining can align well with the growth needs of these countries. Overall, these African nations represent significant opportunities for Canadian businesses in key sectors like agriculture, mining, and infrastructure.
This is just the start! Watch this space as more partners and experts share their thoughts!
