Vancouver, BC - January 23, 2025 - In October 2024, Canada and Germany demonstrated the strength of their trade relationship with a dynamic exchange of goods. Canada exported aircraft and spacecraft worth C$93.3 million, precious metal scraps at C$80.6 million, and crude petroleum totaling C$68.5 million.

Meanwhile, Germany's top exports to Canada included cars (C$272 million), packaged medicaments (C$145 million), and vaccines (C$95.7 million). These trade flows reveal how their economies complement each other and highlight opportunities for growth.

Using Data to Expand Global Trade

Canadian and German businesses can leverage trade data to expand internationally. Tools like the Observatory of Economic Complexity (OEC) help companies identify market trends, optimize supply chains, and refine product offerings.

Originally a research project at MIT, the OEC now provides clear visualizations and detailed data on global trade, covering over 500 regions and thousands of products. Check it out here: https://oec.world/en

Driving Growth Through Collaboration

By tapping into platforms like the OEC, businesses in Canada and Germany can better navigate the complexities of global trade. These insights open doors to emerging markets, foster innovation, and support sustainable growth.

Strengthening trade ties benefits both nations, promoting economic development and long-term partnerships in an interconnected world.

Connect with Elke at Westcoast German Media

or on LinkedIn: Elke Porter

#Canada Germany Trade #Global Trade Insights #Export Opportunities #Economic Growth #Trade Innovation #Bilateral Partnership #Elke Porter #Westcoast German News

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