Overview
Canada has been the largest export market for U.S. agricultural equipment with exports in 2017 totaling US$2.6 billion. Exports of U.S. agricultural equipment to Canada in 2017 experienced an increase of approximately 24% over 2016 numbers. In total, the value of agricultural equipment owned and leased by farms in Canada equaled more than C$41 billion in 2016 (approx. C$215,000 per farm). Machinery-intensive industries in Canada including agriculture, among others, account for 30% of Canada’s GDP and combined, these industries spent more than C$30 billion on machinery and equipment in 2016.
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