2023
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GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
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 GDP
$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH
-19.3%CURRENT US$
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2023
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GDP PC 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
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GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC
$33,767CURRENT US$
Rnk 38 / 196
2013-2023
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GDP PC GROWTH
-17.4%CURRENT US$
Rnk 176 / 195

About

Canada-Japan Trade: In 2023, Canada exported $13.4B to Japan. The main products that Canada exported to Japan were Coal Briquettes ($3.24B), Petroleum Gas ($1.05B), and Iron Ore ($897M). Over the past 5 years the exports of Canada to Japan have increased at an annualized rate of 3.84%, from $11.1B in 2018 to $13.4B in 2023.

In 2020, Canada exported services to Japan worth $680M, with Transportation ($292M), Travel ($156M), and Royalties and license fees ($92.5M) being the largest in terms of value.

Japan-Canada Trade: In 2023, Japan exported $14.7B to Canada. The main products that Japan exported to Canada were Cars ($5.08B), Large Construction Vehicles ($1.02B), and Motor vehicles; parts and accessories (8701 to 8705) ($933M). Over the past 5 years the exports of Japan to Canada have increased at an annualized rate of 1.73%,  from $12.8B in 2018 to $14.7B in 2023.

In 2009, Japan exported services to Canada worth $4.23B, with Services not allocated ($2.11B), Other business services ($1.09B), and Transportation ($402M) being the largest in terms of value.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $13.4B to Japan. The main products exported from Canada to Japan were Coal Briquettes ($3.24B), Petroleum Gas ($1.05B), and Iron Ore ($897M). During the last 5 years the exports of Canada to Japan have increased at an annualized rate of 3.84%, from $11.1B in 2018 to $13.4B in 2023.

In 2018, Japan exported $14.7B to Canada. The main products exported from Japan to Canada were Cars ($5.08B), Large Construction Vehicles ($1.02B), and Motor vehicles; parts and accessories (8701 to 8705) ($933M). During the last 5 years the exports of Japan to Canada have increased at an annualized rate of 1.73%, from $12.8B in 2023 to $14.7B in 2018.

Exports from Canada (Flag) to Japan (Flag) (2023)

Exports from Japan (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Japan
Top Destination
United States$143B

This map shows whether countries import more from Canada or Japan. Each country is colored based on the difference in imports they receive from Canada and Japan or the difference in the growth in imports.

In 2023, countries that imported more from Canada than Japan included United States ($410B), United Kingdom ($18B), and Norway ($2.66B).

In 2023, countries that imported more from Japan than Canada included China ($138B), Chinese Taipei ($43B), and South Korea ($42.7B).

Difference in imports from Japan (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Japan

Flow
Scale

This chart compares trade between Canada and Japan by product, considering products traded by both, Canada and Japan.

During 2023, Canada had a large net trade with Japan in the exports of Mineral Products ($6.23B), Vegetable Products ($1.95B), and Animal Products ($1.45B).

During 2018, Japan had a large net trade with Canada in the exports of Transportation ($6.66B), Machines ($4.76B), and Metals ($620M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Japan+$454MPetroleum Gas
Top Product Potential Japan Canada+$405MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Japan. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Japan (Flag) (2023)

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