Having just shared the latest foreign direct investment data for California from World Trade Center LA, we now take a look at the latest trade data provided to us by the Consulate General of Canada in Los Angeles.
Here are some of the headlines:
Sizing the Canadian Market for California
California sells $27.8 billion in goods and services to Canada annually.
Of this $16.6 billion are goods exports among which agriculture, telephones & AV recording equipment, computers, optical, medical & precision instruments and automobiles are the largest.
California exports another $11.2 billion in services to Canada annually with travel services, royalties, business & professional, tech, and financial services topping the list.
2 million Canadian travelers spent $1.6 billion in California in 2017.
California - A Key Market for Canada
California buys $26.9 billion in goods from Canada annually.
Among the top goods imports are autos, plastics, animal meats, wood products, crude petroleum, and optical, medical & precision instruments.
774 Canadian-owned businesses employ over 76k workers in California
Jobs created by Canadian direct investment pay $14,000 above average regional wage
Canada - U.S. Trade
Canada is the #1 customer for most states
Canada is the #2 source of foreign direct investment in the U.S.
Canada and the U.S. trade an average of $1.4 million in bilateral goods and services every minute of every day
Canada is the U.S. #1 export market
Canadian travelers spend $20 billion in the U.S. annually
Data provided by the Consulate General of Canada in Los Angeles - Southern California Fact Sheet March 2020.
