Importing more than $16 billion of U.S. high-value, consumer-oriented goods, Canada was the number one overseas market for U.S. food and agricultural exports in 2018. Unparalleled regulatory cooperation, sophisticated transportation logistics and financial markets, geographic proximity, similar consumer preferences, and relatively affluent consumers are part of the reason why Canada continues to offer excellent export opportunities for new-to-export small- and medium-sized U.S. companies.
The population of Canada is approximately 37.5 million and 90 percent of Canadians live within 100 miles of the U.S. border. In 2018, Canada was the leading export destination for U.S. agricultural exports. For new-to-market and new-to-export firms, Canada offers stable financial markets and a sophisticated logistics network that supports $120 million worth of daily two-way trade in food and agricultural products. In 2018, Canada’s food and beverage sector was valued at $230 billion, providing opportunities across retail, food service, and food and beverage processing sectors for U.S. food and beverage companies.
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