Canada-Germany Bilateral Trade Analysis 2023
Complete trade statistics: $20.12B total volume •Canada deficit: $9.13B
Canada → Germany
$5.49B
Exports (2023)
Germany → Canada
$14.62B
Imports (2023)
Trade Balance
$9.13B
Deficit for Canada
Total Trade
$20.12B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Canada and Germany. Green line shows exports from Canada, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Canada-Germany commercial relationship and competitive positioning in global markets.
Canada → Germany Exports
Export Market Intelligence
🎯 Strategic Export Focus
Canada's export portfolio to Germany demonstrates strong diversification across multiple sectors, with iron ores and concentrates: non-agglomerated representing a key competitive advantage in this bilateral market.
Germany → Canada Imports
Import Dependency Profile
📦 Import Strategy Analysis
Canada's import pattern from Germany reveals significant dependencyin vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Canada demonstrates competitive strength in exportingiron ores and concentrates: non-agglomerated to Germany, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $20.12B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Canada-Germany Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $20.12 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Canada maintains a deficit of $9.13 billion
- Export Focus: Canada's primary exports include iron ores and concentrates: non-agglomerated, oils: petroleum oils and oils obtained from bituminous minerals, crude, uranium: natural uranium and its compounds, alloys, dispersions (including cermets), ceramic products and mixtures containing natural uranium or natural uranium compounds
- Import Dependencies: Key imports from Germany include vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, vehicles: with only electric motor for propulsion, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $20.12B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Canada leveraging its comparative advantages in iron ores and concentrates: non-agglomerated.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Canada's specialization in iron ores and concentrates: non-agglomeratedcomplements Germany's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $20.12B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $20.12B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $20.12 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in iron ores and concentrates: non-agglomerated and vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Canada's trade deficit of $9.13 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Canada and Germany represents a total trade volume of $20.12 billion in 2023. This partnership demonstrates an unfavorable trade balance for Canada, with imports exceeding exportsby $9.13 billion.
Export Strengths
Canada's exports to Germany total $5.49 billion, with competitive advantages in iron ores and concentrates: non-agglomerated, representing $914.38M or16.6% of bilateral exports.
Import Dependencies
Imports from Germany amount to $14.62 billion, highlighting economic interdependence in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, with Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc comprising10.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Canada's strategic sourcing from Germany. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Canada and Germany in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023