Overview of the Construction and Mining Industry in Canada and How to Buy Equipment
Canada
Canada is the largest North American country located north of the United States of America.
- Canada has a population of 37.59 million.
- Capital: Ottawa
- Official Languages: English and French
- Total Area: 9.985 million km²
- Currency: Canadian Dollar ($))
Economic Statistics of Canada
Canada has the 9th largest economy in the world. As of 2019, the Gross Domestic Product (GDP) of the country was 1.74 trillion USD.
Economic Sector Divide
The GDP by sector is divided as:
- Agriculture: 1.6%
- Industry: 28.2%
- Services: 70.2%
Trade Statistics
Here are main trading partners of the country:
Major Import Partners
- The United States 52.2%
- European Union 11.4%.
- Mexico: 6.2%
- China: 12.1%
- Japan: 3%
Main Export Partners
- China: 4.1%
- European Union: 7.7%
- Japan: 2.1%
- The United States: 76.2%
- Mexico: 1.5%
Industries of Canada
Mining Industry of Canada
Canada has one of the largest mining industries in the world, with the production of over 60 minerals. The most prominent are potash, uranium, diamond, aluminum, and nickel.
With the substantial and diverse production of so many minerals, the mining industry has a significant contribution to the GDP. In 2019 alone, this contribution amounted to 34.5 billion C$ in the real GDP. The industry also has a high employment rate in the country with the highest salaries/wages.
Given the massive impact of the industry, mining equipment import is only natural to have a high demand. That is why Camamach provides seamless exports of top-class mining machinery to the country.
Construction Industry of Canada
Canada is home to large-scale infrastructural projects all over the country. The ever-increasing construction demand makes the construction industry one of the largest contributors to the economy. In 2019, the construction industry amounted to 141.2 billion C$.
The industry is backed by the Canadian government and has also observed a high employment rate. All in all, the construction equipment import potential is off the charts. This is where Camamach, with high-quality construction equipment for complex construction projects, becomes the perfect choice.
Seaports and Trading Hubs of Canada
Canada is accessible through both land and sea. Its main seaports are:
- Port of Vancouver
- Port of Montreal
- Port of Halifax
- Port of Prince Rupert
- Port of Saint John
What heavy machinery or equipment does Canada Import?
Both mining and construction industries are major players in Canada. Some imports for these industries include Backhoe Loaders, Bulldozers, Heavy Duty Trucks, Concrete Batching Plants, Grinding Equipment, etc.
What regulations are there on importing equipment to Canada?
Here’s what you’ll need for importing equipment in Canada:
Import Documentation
Import documentation is mandatory for taking equipment into the country. You can find the information on all the necessary documentation through the government website.
Business Number
Your business needs to be registered with the Canada Revenue Agency (CRA) for importing into Canada.
Duty and Tax
You’ll need to calculate duty and tax. The necessary information, including the tariff classification and duty rates, can be found here.
Duty and Tax
You’ll need to calculate duty and tax. The necessary information, including the tariff classification and duty rates, can be found here.
Getting a Customs Broker
It is preferred to hire a customs broker to handle things for you. It is also mandatory in some cases. Though you’ll be ultimately responsible for everything, the customs broker will help you with obtaining releases for imported goods, paying duties, maintaining records, and other technical procedures.
Why should Canada import equipment?
- Infrastructural Development: Canada has many infrastructural projects in its development plan. Importing equipment that offers quality at competitive rates is essential for the industries.
- Availability: Compared to the domestic market, the international suppliers generally have no availability issues.
- High Equipment Cost: Domestic manufactures are often costlier than international alternatives.
- Equipment Quality: International suppliers consider every aspect before making a delivery and provide several other benefits that consumers look for in the long run.
Where Can I Buy Equipment for Canada?
Camamach has been exporting equipment in Canada for years. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.
