CANADIAN MARKET GUIDE
Canada has 37.35 million people; GDP is 2.14 trillion USD, annual growth rate is about 2%, it is a highly developed mixed economy with the world's 10th highest nominal GDP and GDP purchasing power parity (PPP) ranking 16th in the world.
The effective CPTPP agreement has significantly increased the volume of Vietnamese furniture exports to Canada. In 2018, Canada imported furniture with a total price of 150 million USD from Vietnam. In the first 5 months of 2019, this number increased by 39.1% over the same period. More and more Canadian buyers are looking to source from Vietnam to benefit from this trade agreement. Because the CPTPP does not include the USA, there are clear benefits for Canada and Vietnam to accelerate now efforts to increase bilateral trade.