Canada Exports: Using Natural Resources Well and Good

Canada is not just the second largest country in the world. It is also one of the wealthiest. Just like most developed nations, service industry dominates the Canadian economy. It employs around three-quarters of its people. Aside from this, the country's economy relies heavily on its natural resources. Oil and logging industries are two of the most important sectors of the economy. Manufacturing also plays a significant role with the automotive industry in the primary sector. Above all, a large part of its economy's growth is due to its prosperous international trade, especially exports. Canada's top export partners are the United States (79%), the United Kingdom (2.5%) and Japan (2.3%).

Because of its vast territory, this North American country has considerable natural resources throughout its regions. The forestry industry in British Columbia is of great importance while the oil industry is vital in Alberta's prosperity. In Northern Ontario, you'll find a wide array of mines. Canada is a leader in producing gold, uranium, diamonds, nickel and lead. The majority of these products are exported, primarily to the US.

Canada is also one of the few developed countries that is a net energy exporter. Large gas and oil resources in Alberta, British Columbia and Saskatchewan contribute a lot to the country's great performance in international trade. The wide Athabasca Tar Sands provide the country the second largest oil reserves in the world after Saudi Arabia. Hydroelectric power in British Columbia, Ontario, Manitoba and Quebec is also a cheap source of abundant energy.

Canada is one of the largest suppliers of agricultural goods in the world. Grains such as wheat are the primary products being exported. Canada exports these goods mainly to the United States and also Europe and East Asia. Unlike the agricultural industries of many developed countries, farmers in Canada have to compete internationally without any large subsidies from the government unless in times of disaster.

Aside from these, motor vehicles and parts, aircraft, industrial machinery, telecommunications equipment, plastics, chemicals and fertilizers are goods that contribute to Canada's $456 billion export industry.