Innovation activities and international trade in Canada, 2022
Release date: September 4, 2024
Description: Innovation activities and international trade in Canada, 2022
Innovation activities
Supply chain challenges caused by the COVID-19 pandemic contributed to a decline in innovation activitiesNote in 2022.
Percent | |
---|---|
Businesses that conducted innovation activities in 2022 | 47.2% |
Businesses that conducted innovation activities in 2019 | 52.5% |
BusinessesNote that conducted innovation activities were more likely to introduce new products to market or new business processes to their operations.
Percentage of businesses that introduced an innovation from 2020 to 2022
Percent | |
---|---|
Of businesses that conducted innovation activities in 2022 | 89.9% |
Of businesses that did not conduct innovation activities in 2022 | 55.7% |
International trade and innovation
In 2022, the proportion of Canadian businesses that engaged in international trade was lower than in 2019. Companies that traded internationally were more likely to be innovative.
All businesses, 2022 | All businesses, 2019 | Innovative businesses, 2020 to 2022 | |
---|---|---|---|
Businesses that imported or exported goods and services | 50.1% | 54.3% | 79.9% |
Businesses that did not import or export goods and services | 49.9% | 45.7% | 63.8% |
Top 3 obstacles to exporting goods and services
All businesses | |
---|---|
Shipping costs | 32.2% |
Impacts of the COVID-19 pandemic | 27.3% |
Efficiency, capacity or reliability of the transportation infrastructure | 16.4% |
Source: Statistics Canada, Survey of Innovation and Business Strategy, 2022.
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