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Ottawa—As important as it already is, the Indo-Pacific region could become an even more important customer for Canadian agrifood exports, says Farm Credit Canada.
Currently the 10 largest agrifood exports to the Indu-Paciic are by value wheat, canola oil, bread, canola seed, crustaceans, dried legumes, pork, fresh beef, soybeans and chocolate. These shipments, worth $50.5 billion, accounted for 55 per cent of Canada’s total agrifood exports. With a population of 125.7 million and a small land base, Japan is one of the top three export markets for Canada’s with canola, wheat and soybeans, pork and beef the best sellers. Canadian exports there surpassed $5.3 billion in 2022. Canola seed accounted for just over one-quarter of the sales with wheat making up 20 per cent and soybeans another 7 per cent. Japan imported 18 per cent of Canada’s total pork exports and 6.4 per cent of total beef shipments.
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