Dynamics of Global Transactions for Canadian Businesses, 2017

Release date: February 13, 2019
Dynamics of global transactions for Canadian businesses, 2017
Dynamics of global transactions for Canadian businesses, 2017

Dynamics of global transactions for Canadian businesses, 2017

Large businesses are more likely to be active in international markets.

Active in international markets
  % of businesses exporting in 2017 % of businesses importing in 2017
Total 25.0 38.5
Small 22.6 36.3
Medium-sized 33.7 45.8
Large 43.9 58.4

Shipping costs are the most cited obstacle to exporting.

Obstacles to exporting
Top 3 obstacles to exports Percentage of businesses
Shipping costs 22.6
Uncertainty about foreign standards 19.4
Identifying foreign customers 18.4

Almost half of manufacturers import goods or services from unaffiliated foreign businesses.

Manufacturers import goods or services from unaffiliated foreign businesses
Selected sectors % of businesses importing from unaffiliated foreign businesses
All surveyed industries 26.9
Manufacturing 48.8
Utilities 34.8
Agriculture 26.8
Selected services 24.6
Mining, oil and gas 19.8
Construction 9.4

Top 3 reasons why firms import from unaffiliated foreign businesses

Top 3 reasons why firms import from unaffiliated foreign businesses
  % of businesses citing reason as important or very important
No suppliers available in Canada 66.3
Better quality goods or services 49.6
Reduce costs other than labour costs 47.5

Note: SIBS 2017 covers businesses with 20 or more employees in selected industry sectors.

Source: Statistics Canada, Survey of Innovation and Business Strategy.

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