New York

Canada Plays a Key Role in Rich Products’ Success

Family-owned, Buffalo-based Rich Products, with annual revenues exceeding $3 billion, is a leading global supplier to the food service and in-store bakery retail market. The company is a world leader in toppings, icings, and other emulsions.

Rich Products leveraged its Canada–U.S. border location by opening a plant in Ontario in 1963. The company continues to profit from its border proximity, selling and distributing its products throughout Canada. Its Fort Erie plant sends 70% of its production across the border, adding to U.S. capacity and sales.

Canadian Technology Accelerator Brings Innovation & Jobs to NY

Since its creation in 2012—  when the Consulate General of Canada in NY launched the Canadian Technology Accelerator (CTA) for Digital Media—  80 Canadian innovative companies have travelled to New York for the program. The CTA provides strategic advice and connections to potential investors and clients, co-working space, and access to the NYC marketplace. As a result, 25% of these Canadian companies have established a presence in the U.S. Successes include Oatbox (Montreal, Quebec) being featured on the Today Show segment “Top 10 yummy food gifts you can mail your friends this year” and Essential Accessibility (Toronto, Ontario) which closed deals with the NYC Mayor's Office of People with Disabilities and Estée Lauder.

Investing in New York

There are over 700 Canadian-owned companies operating in the State of New York and the numbers are growing year after year. These companies are responsible for over 72,750 jobs throughout the state. According to the Bureau of Labor Statistics data, the average salary in the state of New York is $57,030. This means that Canadian-owned businesses are directly responsible for $4.1 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 Yorkers in every sector of the economy. Canadian companies are clearly major contributors to New York's economy!

New York–Canada trade

  • New York exports to Canada: $12.6 billion
  • New York imports from Canada: $17.7 billion
  • Bilateral trade: $30.3 billion
  • New York services exports to Canada: $6.6 billion

New York–Canada tourism

  • New York visits by Canadians: 5,533,700
  • New York vacation spending by Canadians: $1.6 billion

New York’s top goods exports to Canada

  • Aluminum & aluminum articles: $626 million
  • Paper & paperboard: $571 million
  • Precious metals: $444 million
  • Motor vehicle parts: $417 million
  • Plastics & plastic articles: $354 million

New York’s top goods imports from Canada

  • Precious metals: $2.0 billion
  • Natural gas & other gases: $1.3 billion
  • Aluminum & aluminum articles: $1.1 billion
  • Paper & paperboard: $697 million
  • Electricity: $538 million

New York exports to Canada by industry

  • Minerals & metals (20%)
  • Equipment & machinery (17%)
  • Agriculture (7%)
  • Forest products (7%)
  • Chemicals (6%)
  • Transportation (6%)
  • Other (36%)

New York imports from Canada by industry

  • Minerals & metals (34%)
  • Energy (13%)
  • Agriculture (11%)
  • Equipment & machinery (9%)
  • Forest products (8%)
  • Chemicals (5%)
  • Other (20%)

New York Jobs

  • 680,900 New York jobs depend on trade and investment with Canada

New York top services exports to Canada

  • Financial services: $1.9 billion
  • Business, professional & technical services: $1.2 billion
  • Royalties: $441 million
  • Insurance: $241 million
  • Telecommunications: $105 million

Highlights

  • 680,900 jobs in New York depend on Canada–U.S. trade and investment
  • Canada is New York’s #1 customer
  • Total Canada–New York goods trade: $30.3 billion

Connect to our team

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

February 2017
Unless otherwise mentioned, all figures are based on 2016 data in U.S. dollars. Statistics Canada: 2014 tourism, based on combined same-day and overnight travel (8/2016 release, US$1.00=C$1.1045). U.S. Census Bureau: goods trade, Canada’s export ranking (2/2017 release). U.S. Bureau of Economic Analysis: goods and services trade (3/2016 release). Trade Partnership: 2015 services trade (1/2017 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.