Canada's Merchandise Exports to the US and the rest of the World

One of the key pillars of Prime Minister Carney’s strategy to strengthen Canadian sovereignty is to double Canada’s non-U.S. exports. By December, Canada hit nearly 30% of that goal.

New trade data released yesterday is giving us some good insight into how the federal government’s trade strategy is playing out.

In December, Canadian exports to the USA were down $8.8 billion, but our exports to other countries were up by $4.8 billion. So basically our trade diversification covered half of the loss we suffered from American trade hostility.

The $4.8 billion in increased exports to the rest of the world mostly went to three notable destinations: We sent $4 billion in additional exports to the UK, an additional $613 million to China and an additional $500 billion to the EU.

Earlier this year we wrote about a principled approach to Canada’s trade strategy that strengthens our sovereignty. You can read all about it here.

And check out all of the Canadian Shield Institute’s 2026 charts to watch here.