The Niagara Region relies extensively on trade for economic strength, growth and jobs. Niagara companies, many of which are small- and medium-sized enterprises (SMEs), export to almost 100 countries around the world and to 47 American states. As the international marketplace for goods and services continues to evolve, expansion and diversification of markets is critical for the long-term survival of local companies.
In the year 2000, Niagara’s Gross Domestic Product was in excess of $14 billion (Community Benchmarks). In the same year, Niagara’s goods-producing enterprises exported $5.8 billion, equivalent to 41 percent of the regional GDP (Statistics Canada, 2000). In addition, the growing contribution from service sector exports, import activities, and cross-border traffic is expanding the base of Niagara’s international trade and commerce.
The region’s largest trading partner is the United States. Niagara’s top five destinations for exports to the U. S. are Michigan, New York, Illinois, Pennsylvania and Ohio.
The United Kingdom is Niagara’s second largest trading partner. Belgium, Japan, and Mexico are third, fourth and fifth largest trading partners respectively.
Niagara’s border crossings are among the busiest in Canada. The Peace Bridge and the Queenston/Lewiston bridge are the 2nd and 4th busiest border crossing points, respectively.
