Canada CA: Tariff Rate: Applied: Weighted Mean: All Products data was reported at 1.370 % in 2022. This records a decrease from the previous number of 2.350 % for 2021. Canada CA: Tariff Rate: Applied: Weighted Mean: All Products data is updated yearly, averaging 1.510 % from Dec 1989 (Median) to 2022, with 30 observations. The data reached an all-time high of 7.020 % in 1989 and a record low of 1.010 % in 1999. Canada CA: Tariff Rate: Applied: Weighted Mean: All Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Trade Tariffs. Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead.;World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade and Development's Trade Analysis and Information System (TRAINS) database and global imports data from the United Nations Statistics Division's Comtrade database.;;The tariff data for the European Union (EU) apply to EU Member States in alignment with the EU membership for the respective countries/economies and years. In the context of the tariff data, the EU membership for a given country/economy and year is defined for the entire year during which the country/economy was a member of the EU (irrespective of the date of accession to or withdrawal from the EU within a given year). The tariff data for the EU are, thus, applicable to Belgium, France, Germany, Italy, Luxembourg, and the Netherlands (EU Member State(s) since 1958), Denmark and Ireland (EU Member State(s) since 1973), the United Kingdom (EU Member State(s) from 1973 until 2020), Greece (EU Member State(s) since 1981), Spain and Portugal (EU Member State(s) since 1986), Austria, Finland, and Sweden (EU Member State(s) since 1995), Czech Republic, Estonia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Slovakia, and Slovenia (EU Member State(s) since 2004), Romania and Bulgaria (EU Member State(s) since 2007), Croatia (EU Member State(s) since 2013). For more information, please revisit the technical note on bilateral applied tariff (https://wits.worldbank.org/Bilateral-Tariff-Technical-Note.html).

Americans' understanding of tariffs appears limited, with only 27 percent feeling very confident about their knowledge of the trade policy tool. This lack of awareness comes at a time when tariffs have become a significant topic in U.S. economic discussions, particularly in relation to international trade relations and domestic industry protection. Potential impact of proposed tariffs Despite the public's uncertainty, proposed tariffs could have far-reaching effects on the U.S. economy. If implemented, certain proposals could increase the average tariff rate on dutiable imports to nearly 18 percent, a substantial rise from the two percent rate in 2024. Such changes would not only affect dutiable goods but also impose taxes on previously duty-free imports, potentially leading to a sharp increase in the overall tariff burden. Estimates suggest that imposing tariffs on Mexico, Canada, and China could increase federal tax revenue by approximately 106 billion U.S. dollars, equivalent to 0.35 percent of the nation's GDP.

Prices were expected to change for all agri-food products in the United States due tariffs imposed on China, Mexico, and Canada in 2025. Imported products were expected to suffer the greatest price increases, but domestic products would see prices rise too, mostly due to the fact that stages of the production process might involve raw materials from other countries. Among the domestic agri-food products processed, rice would see the highest price increase, with 4.8 percent, while among imported products wheat would see the highest increase at 14.9 percent.

US Tariff Impact on Market

The US tariff policies have significantly impacted the global trade management market, leading to both opportunities and challenges for businesses. In particular, tariffs on imported goods have increased the complexity of managing cross-border trade, requiring businesses to implement more sophisticated trade management solutions.

As companies face rising costs due to tariffs, the demand for trade management systems that help optimize customs compliance, minimize duties, and streamline logistics has surged. Furthermore, sectors such as manufacturing, retail, and transportation have felt the brunt of these tariffs, with industries directly impacted by increased trade barriers.

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For example, the retail sector has seen a rise in goods costs, ultimately affecting margins. The US tariff impact on sectors like manufacturing and retail is approximately 10-15% as they deal with higher raw material costs and inventory disruptions. Companies now look for more automation and integrated solutions to mitigate these costs and streamline operations.

➤ Economic Impact

The US tariffs have led to an increased cost of imports, pushing businesses to adopt more efficient trade management systems. As tariffs increase, businesses are forced to reevaluate their supply chain strategies, leading to higher operational costs. In the long term, this could prompt global shifts in trade flows.

➤ Geographical Impact

US tariffs have disproportionately affected countries with high trade volumes with the US, especially China, Mexico, and Canada. As tariffs increase, businesses in these regions must adapt to higher costs and potential disruptions. This shift influences regional trade agreements and the movement of goods, altering global trade dynamics.

➤ Business Impact

US tariffs have forced businesses to invest in advanced trade management technologies to mitigate the effects of increased import duties and logistical delays. Companies are now focusing on automation, compliance optimization, and cost-effective solutions to navigate the growing complexities of international trade. Small and medium-sized enterprises face considerable challenges.

The Canadian customs clearance market, valued at approximately $2.5 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) exceeding 7% from 2025 to 2033. This significant expansion is fueled by several key factors. The increasing volume of cross-border trade between Canada and its major trading partners, particularly the United States, is a primary driver. E-commerce's continued surge is also a significant contributor, leading to a higher demand for efficient and reliable customs clearance services. Furthermore, the Canadian government's ongoing efforts to streamline customs processes and enhance technological infrastructure are fostering a more conducive environment for market growth. The market's segmentation by mode of transport – sea, air, and cross-border land transport – reflects the diverse nature of import and export activities within Canada. Major players like DHL, FedEx, UPS, and Kuehne + Nagel dominate the market, leveraging their established global networks and technological capabilities. However, the market also presents opportunities for smaller, specialized firms catering to niche sectors or specific regional needs. The projected growth trajectory of the Canadian customs clearance market is anticipated to continue its upward trend throughout the forecast period. While potential restraints such as fluctuating exchange rates and evolving trade policies could impact market dynamics, the underlying growth drivers – increasing trade volumes, e-commerce expansion, and government initiatives – are expected to outweigh these challenges. The robust growth signifies significant opportunities for market participants, particularly those capable of offering innovative solutions, advanced technologies, and specialized expertise to navigate the complexities of Canadian customs regulations. Further market consolidation through mergers and acquisitions is also a likely scenario, leading to an increasingly competitive landscape dominated by a smaller number of large players and specialized niche firms. Recent developments include: March 2023: Air Menzies International (AMI), a Canadian airfreight reseller, has built a new branch near Toronto Pearson International Airport. The new branch is AMI's second in Canada, and it will provide a wide range of wholesale airfreight services, including door-to-door services on global import and export shipments; exports with consolidation and 'Back2Back'; 'Quick2Ship,' AMI's express shipment platform; X-ray screening and warehousing services; and customs clearance and documentation support., March 2022: The Department of Finance Canada announced that they issued the Most-Favoured-Nation Tariff Withdrawal Order (2022-1) to remove Russia and Belarus from entitlement to the Most-Favoured-Nation (MFN) tariff, under the Customs Tariff of Canada. This was in response to the Russian Invasion of Ukraine, supported by Belarus, and in addition to the new sanctions Canada has imposed under the Special Economic Measures Act. Effective March 2, 2022, the General Tariff will be used to account for goods imported into Canada that originate from Russia and Belarus, with the Canada Border Services Agency (CBSA). Under the General Tariff, a customs duty rate of 35% is applicable on almost all goods. Russia, Belarus, and North Korea are the only countries whose imports are currently subject to the General Tariff.. Notable trends are: Increasing International Trade Driving the Market.

The Canadian customs clearance market, valued at approximately $X million in 2025 (estimated based on provided CAGR and market size data), is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 7% from 2025 to 2033. This expansion is fueled by several key factors. The surge in e-commerce, particularly cross-border transactions, is driving significant demand for efficient customs brokerage services. Furthermore, increasingly complex trade regulations and a greater focus on supply chain security are compelling businesses to outsource customs clearance to specialized firms. The market's segmentation reflects diverse transportation modes, with sea, air, and cross-border land transport all contributing to the overall market volume. Major players like DB Schenker, UPS, Kuehne + Nagel, FedEx, and DHL Group Logistics dominate the landscape, competing on service offerings, technological capabilities, and network reach. However, smaller, specialized firms focusing on niche sectors or regional expertise also play a vital role. The Canadian market's growth trajectory is expected to remain positive throughout the forecast period, despite potential restraints such as fluctuating exchange rates, potential trade policy changes, and occasional border processing delays. However, these challenges are likely to be offset by continued investment in automation and technology within the customs clearance sector, leading to improved efficiency and reduced processing times. This technological advancement, coupled with the sustained growth in e-commerce and cross-border trade, indicates a bright outlook for the Canadian customs clearance market. The focus on streamlining logistics and enhancing security will further solidify the need for professional customs brokerage services, assuring continued market expansion. This comprehensive report provides an in-depth analysis of the Canada customs clearance market, encompassing the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, this report offers valuable insights into market size, trends, and future projections, crucial for businesses operating within or intending to enter this dynamic sector. The report leverages extensive research and data analysis to paint a clear picture of this multi-million dollar industry. Recent developments include: March 2023: Air Menzies International (AMI), a Canadian airfreight reseller, has built a new branch near Toronto Pearson International Airport. The new branch is AMI's second in Canada, and it will provide a wide range of wholesale airfreight services, including door-to-door services on global import and export shipments; exports with consolidation and 'Back2Back'; 'Quick2Ship,' AMI's express shipment platform; X-ray screening and warehousing services; and customs clearance and documentation support., March 2022: The Department of Finance Canada announced that they issued the Most-Favoured-Nation Tariff Withdrawal Order (2022-1) to remove Russia and Belarus from entitlement to the Most-Favoured-Nation (MFN) tariff, under the Customs Tariff of Canada. This was in response to the Russian Invasion of Ukraine, supported by Belarus, and in addition to the new sanctions Canada has imposed under the Special Economic Measures Act. Effective March 2, 2022, the General Tariff will be used to account for goods imported into Canada that originate from Russia and Belarus, with the Canada Border Services Agency (CBSA). Under the General Tariff, a customs duty rate of 35% is applicable on almost all goods. Russia, Belarus, and North Korea are the only countries whose imports are currently subject to the General Tariff.. Key drivers for this market are: Increasing international trade, Complex custom regulations. Potential restraints include: Regulatory Challenges, Geopolitical Uncertainity. Notable trends are: Increasing International Trade Driving the Market.

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Freight Forwarding Market Size 2025-2029

The freight forwarding market size is forecast to increase by USD 51.62 billion at a CAGR of 4.1% between 2024 and 2029.

The market is experiencing significant growth due to the increasing international trade, which has led to a rise in demand for efficient and cost-effective logistics solutions. This trend is further bolstered by the adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in freight forwarding, enabling real-time tracking, predictive analytics, and automation of various processes. However, the market faces challenges in the form of escalating fuel and transportation costs, which can significantly impact the profitability of freight forwarding companies.
To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on optimizing their operations through technology integration, strategic partnerships, and cost management initiatives. Additionally, offering value-added services such as customs clearance, warehousing, and supply chain consulting can help differentiate businesses and attract customers in a highly competitive landscape. Information technology plays a crucial role in streamlining logistics processes, including shipping schedules and documentation, for both freight forwarders, Sea freight, and shippers.

What will be the Size of the Freight Forwarding Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic world of freight forwarding, meeting shipping requirements is crucial for successful trade in the global market. Information technology plays a pivotal role in streamlining the process, enabling real-time tracking and efficient communication between parties. Negotiating tariffs and adhering to customs regulations are essential aspects of the industry, ensuring the transfer of goods in good condition. Best practices in freight forwarding include thorough documentation, effective communication, and adherence to industry standards.

Navigating the complexities of global trade requires a deep understanding of the latest trends and regulations. By staying informed and adhering to best practices, freight forwarders can ensure the smooth and timely transfer of goods, ultimately contributing to the success of their clients' businesses. Freight forwarders serve as intermediaries between shippers and logistics companies, managing the transportation of goods from their origin to the final destination.

How is this Freight Forwarding Industry segmented?

The freight forwarding industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Transportation

  Land freight
  Ocean freight
  Air freight


Application

  Industrial and manufacturing
  Retail and E-commerce
  Food and beverages
  Healthcare
  Others


Service Type

  Transportation and warehousing
  Value-added services


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Transportation Insights

The land freight segment is estimated to witness significant growth during the forecast period. The land freight segment, encompassing both road and rail transportation, is a crucial component of the global freight forwarding market. This segment plays a pivotal role in facilitating the movement of goods over land, supporting both domestic and international trade.Road freightThe road freight segment is dynamic and vital, involving the transportation of goods via trucks, trailers, and other road vehicles. It serves as a primary mode of transport for a wide range of commodities, including manufactured goods, consumer products, and raw materials. One of the key attributes of road freight forwarding is its flexibility and last-mile connectivity. Road transports ability to reach remote locations and access points unattainable by other modes of transport provides a competitive edge for timely and efficient deliveries.

The ocean freight segment is a vital part of the global freight forwarding market, enabling the transportation of goods via sea routes on a global scale. This segment includes a variety of services such as booking cargo space, managing documentation, coordinating shipments, and navigating customs procedures, all of which are essential for the smooth operation of international trade.One of the primary advantages of ocean freight forwarding is its cost-effectiveness and efficiency in transporting large volumes of goods over

Canadian dairy farmers primarily raise cattle for milking, while most revenue comes from selling milk to dairy processors. Revenue has expanded in recent years, climbing at a CAGR of 2.2% to $11.2 billion through the end of 2024. This includes a 4.6% growth in 2024 alone as macroeconomic indicators, including consumer spending and the CPI for food, continue to climb. While consumer spending has risen, fluid milk consumption has fallen in favour of substitutes, cutting into demand for one of dairy farmers' primary products. Downstream demand for other dairy products, including yogourt, butter and cheese, has risen steadily, bolstering demand for milk products used as inputs for those goods. Dairy farmers operate on a supply management system that manages production volumes and the prices they receive for their goods according to domestic demand. This shields farmers from significant revenue volatility and helps keep profit high, especially as they have been able to pass on price increases to consumers in recent years. One key feature of dairy farmers in recent years has been steady consolidation. The number of domestic dairy farms has fallen each year but one over the past decade, as smaller farms have closed or sold their land to larger organizations. While participation has declined, domestic milk production has steadily increased, as the number of dairy cows has remained significant. This indicates that on average, farms have gotten larger. This has caused average revenue generated by dairy farms to climb steadily. Revenue will continue growing because of the controlled nature of dairy farms, increasing at a CAGR of 1.5% to $12.1 billion through the end of 2029. In response to slower revenue growth, farmers will continue their path toward consolidation, though a strong macroeconomic environment will encourage participation. Dairy farmers will also incorporate increasingly advanced machines, including milking robots and machinery, which may further skew the industry's structure toward larger operations with the resources to invest in these technologies.

The United States' total Exports in 2024 were valued at US$2.06 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main export partners were: Canada, Mexico and China. The top three export commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$3.36 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.