Access trade statistics: Canada-UK Trade Continuity Agreement

The Canada-UK Trade Continuity Agreement (TCA) is one of Canada’s most comprehensive trade agreements. Since the provisions of the TCA first came into force in 2017 under the Canada-EU Comprehensive Economic and Trade Agreement (CETA), it has provided clear benefits to exporters and investors on both sides of the Atlantic. 

Highlights

• The UK is Canada’s third-largest trading partner (2024).
• Since 2016, trade in goods and services with the U.K. has increased 52.6% to $60.9 billion in 2024, first under CETA and later under the Canada-U.K. TCA following the UK’s departure from the EU.
• The U.K. is a global hub for gold transshipment and in 2024, gold accounted for $22.3 billion of Canada’s $28.3 billion in merchandise exports to the UK.
• Excluding gold, Canada’s merchandise exports to the UK increased by 14.9% from 5.2 billion in 2017 to $6.0 billion in 2024.

Related links