This factsheet provides the latest statistics on trade and investment between the UK and Canada.
Department of Business and Trade (DBT).
Date of release: 17 May 2024; Date of next planned release: 20 June 2024
Total trade in goods and services (exports plus imports) between the UK and Canada was £26.3 billion in the four quarters to the end of Q4 2023, a decrease of 0.6% or £149 million in current prices from the four quarters to the end of Q4 2022. Of this £26.3 billion:
Total UK exports to Canada amounted to £16.5 billion in the four quarters to the end of Q4 2023 (an increase of 10.1% or £1.5 billion in current prices, compared to the four quarters to the end of Q4 2022);
Total UK imports from Canada amounted to £9.8 billion in the four quarters to the end of Q4 2023 (a decrease of 14.6% or £1.7 billion in current prices, compared to the four quarters to the end of Q4 2022).
Canada was the UK’s 15th largest trading partner in the four quarters to the end of Q4 2023 accounting for 1.5% of total UK trade.1
In 2021, the outward stock of foreign direct investment (FDI) from the UK in Canada was £40.6 billion accounting for 2.3% of the total UK outward FDI stock.
In 2021, the inward stock of foreign direct investment (FDI) in the UK from Canada was £42.4 billion accounting for 2.1% of the total UK inward FDI stock.2
1 Trade data sourced from the latest ONS publication of UK total trade: all countries seasonally adjusted data.
2 Investment data sourced from ONS publication on Foreign Direct Investment Involving UK Companies.
About these statistics
This factsheet presents the latest statistics on trade and investment between the UK and Canada. It summarises a wide range of publicly available data, from data providers such as the Office for National Statistics (ONS) and HM Revenue and Customs (HMRC), as well as international data providers.
This factsheet is part of a wider range produced by the Department for Business and Trade which draws together many data sources into one single compendium document for each individual trade and investment partner. The full set of factsheets for different individual partners can be found on the Trade and Investment Factsheets website on GOV.UK.
Click here for the full report.
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