In Canada, the dairy industry is growing fast. In 2018, the market value of the Canadian dairy industry amounted to approximately 11.45 billion Canadian dollars, and was forecast to increase to 11.65 billion dollars by 2019. Among the Canadian provinces, Quebec is the largest dairy producer, with around 361,000 dairy cows and 128 dairy manufacturing establishments.
The value of milk and dairy manufacturing shipments in Canada amounted to about 14.75 billion Canadian dollars in 2018. In 2018, the average net operating income of dairy farms in Canada amounted to approximately 172,000 Canadian dollars and the farm cash receipts of dairy products amounted to approximately 6.9 billion Canadian dollars.
Regarding international trade, the trade balance of dairy products in Canada amounted to approximately -468 million Canadian dollars in 2018, meaning dairy imports were valued at around 468 million Canadian dollars more than dairy exports from Canada that year. In 2018, the trade value of dairy and eggs imported to Canada from the United States amounted to approximately 320 million U.S. dollars, followed by Italy with imports valued at around 80 million Canadian dollars.