Tracking the strengths, weaknesses in Canada’s goods exports
EDC Economics analyzed 15 sectors, 96 sub-sectors to find out where Canada has more of an edge.
Canada is at a comparative advantage if it can produce a good more efficiently than other markets. The theory of comparative advantage suggests that a country would benefit most from international trade by exporting goods where it has an advantage and importing the rest.
To better understand where Canada has more of an edge, EDC’s Economics team analyzed 15 sectors and 96 sub-sectors. Check out this insightful overview to discover Canada’s strengths, weaknesses and key competitors.