How does Canada’s aerospace export market share compare to that of its peers?
Canada ranks 3rd, behind larger military powers, the U.S. and France, and is nearly matched by the U.K. and Germany. Aerospace is the only advanced technology industry in Canada that generates a consistent trade surplus. Despite the financial difficulties of airlines on both sides of the Atlantic due to soaring fuel costs, and despite the high Canadian dollar, Canada’s aerospace industry is still performing well. The relative market share measure used here shows that Canada has a comparative advantage in aerospace technology that is as high as some countries (e.g., the U.K.) with larger military applications and with large, government-supported companies whose task is to develop and champion the next generation of civil air transport.
