New Jersey

Cryopak Expands Its Operations in Montreal

Cryopak, the designer and manufacturer of temperature controlled packaging headquartered in Edison, New Jersey, recently expanded its Greater Montreal operations with the opening of a manufacturing facility in Anjou, Quebec. Cryopak specializes in manufacturing and testing temperature controlled solutions used to protect temperature-sensitive products such as medication, vaccines, grafts, food, and electronics throughout the entire shipping process. The Anjou facility will enable Cryopak to develop its expertise and improve its service offering for the health care industry in particular. “Our expansion in Greater Montreal will help us strengthen our operations for the long term in an extremely competitive environment in terms of both potential clients and strategic talent,” explained Mark Barakat, Site Manager at Cryopak Montreal.

Creating Jobs Together

There are over 237 Canadian-owned companies operating in the State of New Jersey and the numbers are growing year after year. These companies are responsible for over 22,000 jobs throughout the state. According to the Bureau of Labor Statistics data, the average salary in the state of New Jersey is $53,920. This means that Canadian-owned businesses are directly responsible for over $1.2 billion in salary dollars! Therefore, not only do Canadian companies pay their taxes locally, they also contribute to the local economy through these salary dollars. These companies employ New Jerseyans in every sector of the economy. Canadian companies are clearly major contributors to New Jersey’s economy!

New Jersey–Canada trade

  • New Jersey exports to Canada: $6.6 billion
  • New Jersey imports from Canada: $7.8 billion
  • Bilateral trade: $14.4 billion
  • New Jersey services exports to Canada: $2.0 billion

New Jersey–Canada tourism

  • New Jersey visits by Canadians: 472,300
  • New Jersey vacation spending by Canadians: $132 million

New Jersey’s top goods exports to Canada

  • Plastics & plastic articles: $675 million
  • Organic chemicals: $316 million
  • Perfumes, essential oils & toiletries: $313 million
  • Prepared vegetables: $245 million
  • Fuel oil: $219 million

New Jersey’s top goods imports from Canada

  • Crude petroleum: $1.6 billion
  • Fuel oil: $876 million
  • Furniture & bedding: $401 million
  • Plastics & plastic articles: $390 million
  • Medicine, in dosage: $372 million

New Jersey exports to Canada by industry

  • Chemicals (22%)
  • Equipment & machinery (17%)
  • Agriculture (15%)
  • Minerals & metals (15%)
  • Plastics & rubbers (11%)
  • Forest products (4%)
  • Other (15%)

New Jersey imports from Canada by industry

  • Energy (32%)
  • Agriculture (14%)
  • Minerals & metals (11%)
  • Chemicals (10%)
  • Forest products (8%)
  • Equipment & machinery (6%)
  • Other (19%)

New Jersey Jobs

  • 274,300 New Jersey jobs depend on trade and investment with Canada

New Jersey top services exports to Canada

  • Travel: $519 million
  • Transportation services: $371 million
  • Business, professional & technical services: $362 million
  • Royalties & license fees: $202 million
  • Insurance services: $176 million

Highlights

  • 274,300 jobs in New Jersey depend on Canada–U.S. trade and investment
  • Canada is New Jersey’s #1 customer
  • Total Canada–New Jersey goods trade: $14.4 billion

Connect to our team

For more information on New Jersey’s trade with Canada, please contact our trade team in New York.

April 2016
Unless otherwise mentioned, all figures are based on 2015 data in U.S. dollars. Statistics Canada: 2013 tourism, based on combined same-day and overnight travel (5/2015 release, US$1.00=C$1.0299). U.S. Census Bureau: goods trade, Canada’s export ranking (2/2016 release). U.S. Bureau of Economic Analysis: goods and services trade (3/2016 release). Trade Partnership: 2014 services trade (11/2015 release). Job numbers are from a study commissioned by the Government of Canada (11/2014 release, 2013 data). Figures may not add up due to rounding. Produced by the Embassy of Canada in Washington, D.C.