- Bring your Business to Florida
- Why Florida
- News & Resources
- Export From Florida
- For International Companies
- For the Media
- What We Do For Florida
If you are a Florida company interested in exporting to the Canadian market, please click here.
Canada and Florida are natural partners, perfectly complementing each other in so many ways. For decades, resource-rich Canada has been supplying Florida’s booming economy and population with the prerequisites to sustain this strong growth, as well as with cutting-edge technologies and financial capital. And as both a hotbed of innovation and North America’s gateway to Latin America and the Caribbean, subtropical Florida has for the longest time been a favorite destination for Canadians eager to capitalize on Florida’s opportunities – for business, leisure, or both! From energy to building materials to food to telecoms equipment, Canadian firms have built a strong presence in Florida across a wide variety of industries.
As global leaders in developing the technologies of tomorrow, both Canada and Florida have been eagerly nurturing their bilateral links, which has resulted in some stellar examples of collaboration across a wide variety of fields. Private-sector businesses, universities, regional and local governments, and non-profit organizations have all been working steadfastly towards developing networks of partnerships that will bring ever closer to the already intertwined economies of Canada and Florida.
Beyond just their commercial links, Canada and Florida share long-standing ties in culture, language (Quebec has North America’s largest francophone community, Florida the second largest), tourism (including Canadian “snowbirds” who reside in Florida part of the year), sports, and a variety of other areas. All of these linkages reinforce each other, contributing to a deeper mutual familiarity and understanding between Canadians and Floridians, while also facilitating the conduct of business.
USMCA partners Canada and the United States have seen a boom in cross-border trade over the past decade and a half. With the two nations’ economies becoming ever-more-closely integrated, some of this trade is conducted among affiliates of the same company on different sides of the international border. As the third most populous U.S. state and a major hub for global commerce, Florida has provided a significant contribution to this trading relationship.
Total two-way direct merchandise trade between Canada and Florida amounts to over $1.5 billion a year. The lion’s share of this merchandise trade (about three quarters) is transported overland by truck, with another 15% shipped by rail. The remaining tenth of bilateral trade is transported either by air (e.g. advanced products requiring just-in-time delivery, such as electronic components) or by sea (e.g. bulk cargoes such as raw materials). In addition to well-developed overland and maritime connections, there are also numerous direct daily flights between Canadian cities and those in Florida.
Canada is Florida’s second-largest foreign investor as ranked by employment, accounting for 44,700 jobs. Operating throughout the state and in virtually every sector of Florida’s economy, there are 518 Canadian companies with 2,285 branch locations in Florida, according to Dun & Bradstreet. Canadian majority-owned firms employ significant numbers of Floridians in the fields of transportation, construction, health care, financial services and retail trade.
In 2019, total bilateral merchandise trade between Florida and Canada totaled over $1.5 billion, with exports totaling $656.8 million and imports hitting $870.3 million. Goods made in Canada are purchased both by Florida businesses and by the private households of Florida’s 18 million consumers. In addition to consumer goods, many Canadian products shipped to Florida are intermediate production inputs (such as components and accessories) for Florida’s leading industries, including aerospace, information technology and medical device manufacturers.
Top Canadian exports from Florida include various wood, forestry, and paper products, furniture, processed food, industrial machinery, motor vehicles, medical devices and pharmaceuticals, telecommunications equipment and petroleum derivatives. The top Canadian imports to Florida include IT products, aerospace products and parts, medical devices and equipment, fertilizers, pharmaceuticals, electronic components, telecommunications equipment, fruits and vegetables (including orange juice), packaged foods, motor vehicle parts, ships and boats, metal products and nursery plants.
Canada and Florida share long-standing ties in culture, language (Quebec has North America’s largest francophone community, Florida the second largest), tourism, sports and a variety of other areas. In an effort to further friendship and support the growth and prosperity of Canadian and Floridan communities, there are Sister City partnerships between Richmond Hill, Canada and Lakeland, Florida and Hamilton, Canada and Sarasota, Florida.
2233 Argentia Road
East Tower, Suite 307
Mississauga, Ontario, L5N2X7, Canada
416 de Maisonneuve West, Suite 1000
Montreal, QC, Canada H3A 1L2