Fastest Growing Industries by Exports in Canada in 2026

• 1. Ship Building in Canada

  Growth in Exports for 2026: 43.3%

  Shipbuilders design, build and repair ships and other vessels for military and commercial clients. Long project lead times, primarily for defense contracts, have led to a consistent flow of revenue, keeping shipyard revenue stable despite supply chain disruptions, climbing interest rates, geopolitical uncertainty and other exogenous shocks. Even so, the industry struggles with foreign competition, with both low-cost producers and maritime powerhouses threatening commercial, civil or defence m...

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• 2. Oil Drilling & Gas Extraction in Canada

  Growth in Exports for 2026: 13.2%

  Oil drilling and gas extraction in Canada have grown tremendously, resulting from rising prices and additional investment in production. Oil and gas companies suffered significantly in 2020 amid the pandemic as prices drastically fell amid lockdowns. As the economy reopened, the need for oil and gas became apparent and prices skyrocketed, bolstering revenue. The Russia-Ukraine conflict further exacerbated this, causing exports to surge as foreign countries looked elsewhere to get oil and gas....

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• 3. Boat Building in Canada

  Growth in Exports for 2026: 8.9%

  Canadian boat builders manufacture various watercraft for personal, commercial and government use. These products are highly discretionary purchases, so boat builders benefit from growing consumer confidence, disposable income and spending. The pandemic fostered strong boat sales, encouraging individuals to find socially-distanced recreational activities, leading to heightened demand for boating. This trend has altered the industry's structure, pushing companies to provide added value to conv...

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• 4. Ceramics Manufacturing in Canada

  Growth in Exports for 2026: 8.3%

  The ceramics manufacturing industry in Canada is experiencing a period of decline despite a gain in residential construction activity in 2025. Increased demand for ceramic fixtures, which naturally occurs with a boom in housing development, is primarily benefiting imports as opposed to domestic manufacturers. This trend underlines Canada's long-standing reliance on foreign-made ceramics and is reflected in the stagnant sales experienced by Canadian manufacturers. Global competition continues ...

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• 5. Forklift & Conveyor Manufacturing in Canada

  Growth in Exports for 2026: 6.9%

  The Canadian material handling equipment industry, which produces essential goods like forklifts and conveyors for manufacturing, construction, warehousing and logistics, faces notable headwinds heading into 2025 due to a slowdown in domestic manufacturing activity, international trade uncertainties and potential tariff escalations that disrupt global supply chains. Despite robust demand over the past five years driven by industrial production growth, rapid e-commerce expansion and incr...

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• 6. Seafood Preparation in Canada

  Growth in Exports for 2026: 6.5%

  In recent years, Canada's Seafood Preparation industry has demonstrated resilience and adaptability in a rapidly evolving market. This industry, which plays a critical role in the country's food sector and makes significant export contributions, has faced numerous challenges and opportunities. Recent performance highlights include steady growth driven by domestic consumption and exports, alongside an increasing focus on sustainability and innovation. These factors have shaped a dynamic landsc...

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• 7. Automobile Engine & Parts Manufacturing in Canada

  Growth in Exports for 2026: 6.0%

  Canadian automobile engine and parts manufacturers produce gasoline-powered engines and parts. The industry primarily consists of vertically integrated automobile manufacturers and large companies providing engines that fill contracts for automakers and aftermarkets. While the lingering impact of the pandemic and climbing interest rates have led to subdued spending and volatility, strong consumer spending on new vehicles and increased driving activity have contributed to strong demand for new...

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• 8. Cut & Sew Apparel Manufacturing in Canada

  Growth in Exports for 2026: 5.9%

  The Cut and Sew Apparel Manufacturing industry in Canada has been navigating some challenging waters recently. Economic pressures and shifting consumer preferences have impacted the sector significantly. Overcapacity and increased competition from low-cost international markets are contributing factors to the industry's current downturn. Also, the expansion of e-commerce has altered traditional retail channels, impacting demand for domestic manufacturers who struggle to compete on price. Yet,...

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• 9. Fertilizer Manufacturing in Canada

  Growth in Exports for 2026: 5.9%

  In the current period, Canadian fertilizer manufacturers have experienced steady revenue growth at a CAGR of 4.9% since 2020, reaching an estimated $7.3 billion in 2025 after a 1.5% increase in the year. This growth is primarily attributable to rising fertilizer prices driven by strong global demand and trade restrictions. Canadian farms are seeing robust harvests of key crops such as wheat, canola and corn, maintaining fertilizer consumption. The US remains a critical export market despite f...

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• 10. Mineral & Phosphate Mining in Canada

  Growth in Exports for 2026: 5.6%

  Revenue for miners exhibited significant swings stemming from price shakeups, mainly because of potash. Canada is the world's largest producer and exporter of potash, a primary input for fertilizer manufacturers worldwide. Potash prices spiked in 2022 because of the Russia-Ukraine conflict, which imposed sanctions on the country, weakening the global supply of potash. This allowed domestic potash miners to thrive, as revenue nearly doubled. Nonetheless, prices crept down as supply stabilized,...

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