The close economic relationship between Canada and the U.S. has many touch points, including a shared stake in the canola industry. Canadian-grown canola’s contribution to the U.S. economy has increased by over 75 per cent in the last 10 years, according to the latest independent analysis commissioned by the Canola Council of Canada and conducted by GlobalData Ltd.
For the average of the three years, 2020/21-2022/23:
- The total economic impact on the U.S. economy from the Canadian canola sector averaged $11.2 billion USD per year.
- 22,000 full time equivalent jobs are supported by the Canadian canola sector.
- The total wage impact of the sector averaged $1.2 billion USD.
To learn more, download the U.S. fact sheet.
Annual averages in USD for the period 2020/21-2022/23, including direct, indirect and induced impacts
Market stats
The U.S. is the number one market for Canadian canola exports, valued at $8.6 billion
In 2023, the U.S. imported 2.9 MMT of canola oil, valued in food end uses and as a low-carbon feedstock for biofuels
In 2023, the U.S. imported 3.6 MMT of canola meal, a preferred protein source for dairy diets
Growth over the last decade
- Total economic impact has increased by nearly $5.8 billion, or over 75 per cent, to its 2022/23 peak.
- Canola’s impact in food end uses has nearly doubled, generating $8.7 billion in economic activity in 2022/23.
- Canadian-grown canola for biofuel production now generates more than six times the economic impact, rising from $112 million to $717 million in 2022/23.
Total economic impact of Canadian-grown canola on the U.S. economy (USD millions)
Creating economic impact at every stage
States seeing the largest benefits
Annual averages in USD for the period 2020/21-2022/23, including direct, indirect and induced impacts
This study was funded in part through the AgriMarketing Program under the Sustainable Canadian Agricultural Partnership.