Export Development Canada’s Trade Confidence Index (TCI) captures the perspectives of more than 1,000 Canadian exporters a year and reveals information not readily available in traditional trade statistics. The biannual index showcases the concerns and expectations of Canadian companies for the future, and their evolving international strategies. EDC has conducted this survey since 1999.


 

Overall outlook: The TCI’s five key findings

1. Canadian trade confidence experiences largest increase in its history.

The TCI jumps 13 points since our year-end 2020 survey.

Canadian trade confidence up 13 points since December survey

  

 

 

2. The economic recovery is broad-based.

Trade confidence surges across Canada, with Quebec leading the way.

Map shows trade confidence is up across Canada.

 

 

 

 

3. COVID-19 impact on Canadian businesses.

The pandemic is having a negative effect on sales for 62% of businesses surveyed and a positive impact for 28%.

Female boss in COVID mask looks over inventory.


 

62% say COVID had negative impact on sales
28% had positive impact on sales
10% had no impact on sales

More businesses (20%) are reporting higher production than pre-COVID-19 levels.

More than 20% businesses report higher production than pre-COVID.

 

 

 

 

4. Top concerns for exporters.

The top business challenges include connecting with customers, fluctuations in exchange rates and access to capital.

Exporters worried about connecting with customers, exhange rates, access to capital.

  

 

 

  

Exporters hold world map

5. Canadian exporters look to diversify their global footprints, despite the impact of COVID-19.

Exporters hold world map

  


Intent to diversify their export markets

65% of exporters plan to export to new market

   

 

 

Key markets for exporters planning to expand

United Kingdom 22%, Australia 20%, United States 19%, Germany 19%, France 18%

 

 

Key markets for businesses planning to start exporting

United States 64%, United Kingdom 22%, Mexico 22%, Australia 18%, South Africa 15%

 

 

 

About EDC’s Trade Confidence Index

This TCI survey was conducted May 5 to June 1, 2021, and released June 24, 2021. Twice a year, EDC surveys Canadian exporters and businesses planning to export. The results are a pulse check of Canadian exporters’ level of confidence and their expectations of international trade opportunities over the next six months.

 

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