FCC Says Canada Ag Exports GrowingNovember 8, 2017 9:47am
According to Farm Credit Canada, Canada is about to strengthen its position as one of the world’s top agriculture and agri-food trading nations.
Cheif Agricultural economist JP Gervai, says there are a unique set of circumstances where demand for both Canada’s agriculture commodities and manufactured food products continues to grow.
In 2016, Canada had the world’s fifth highest total export values, behind the United States, China, the Netherlands and Brazil. Canadian operations exported $24.6 billion worth of agricultural commodities, accounting for 6.3 per cent of the world’s total food exports.
The top three exporters – the United States, China and the Netherlands – together accounted for 35.2 per cent of world agriculture commodity exports in 2016. Canada fell from third in 2012 due to the growing presence of China and Brazil in world markets.
Canada ranked among the world’s top three leaders in no fewer than 11 agricultural export commodities: canola seed, wheat, rye, oats, buckwheat, flax, plants used for perfumery, crustaceans, pulses, fresh fish and bovine animals – includes cattle and bison.
Canadian businesses also exported $19.1 billion worth of manufactured food products, accounting for 3.2 per cent of the world’s total food exports.
Several of Canada’s top-dollar food exports – beef, chocolate, bread, fruit and nuts, and pork – were also among the fastest-growing food exports in the world.