Export Development Canada’s (EDC) latest Economics report identifies Canada’s top export markets and opportunities for goods and services through 2035.
As global trade shifts and market conditions grow more complex, identifying the right opportunities requires more than intuition—it requires data. Canada’s top export markets and opportunities to 2035 by EDC quantitative analyst, Jean Gardy Victor, identifies where Canada’s goods and services exports are most likely to grow over the long term.
The analysis shows that export potential is shaped by three key forces:
- Economic size
- Geographic distance
- Institutional and cultural ties
These factors don’t carry equal weight across all sectors. While proximity still matters for goods, services exports are increasingly driven by regulatory alignment, relationships and market familiarity.
Where Canada’s export opportunities are strongest beyond the U.S.
The findings highlight the continued importance of the United States as Canada’s largest export market, while also pointing to significant under-penetrated opportunities across Europe, the Asia-Pacific and select emerging markets. In these regions, structural conditions support stronger trade relationships than current export levels suggest.
Looking ahead to 2035, the report estimates that Canada’s goods exports could reach US$1.2 trillion, while services exports could exceed US$272 billion. These figures are structural benchmarks, helping exporters and business leaders understand where long-term growth potential exists.
For companies planning their next move, the message is clear: Successful diversification requires aligning strategy with how trade works. That means navigating logistics and distance for goods, while building partnerships and adapting to regulatory environments for services.
Explore the full report to see where Canada’s export potential is strongest—and how your business can position for growth.
