Germany has the largest economy in the European Union and the fourth largest in the world. Germany is Canada's eighth-largest export market and ranks fourth among Canada's suppliers. Canada's bilateral trade with Germany has grown considerably since German reunification: Canadian imports from Germany rose from $3.8 billion in 1990 to $15.4 billion in 2013, while Canadian exports rose from $2.2 billion in 1990 to nearly $3.5 billion in 2013.
With estimated assets of $11.7 billion in 2012, Germany is the tenth largest foreign direct investor in Canada. At the same time, Canadian firms hold $7.4 billion in assets in Germany. Most multinational German companies are represented in Canada, including such well- known names as Bayer, BASF, Siemens, Daimler, Mannesmann and Thyssen-Krupp. The majority of the eight-hundred German subsidiaries in Canada, however, are medium-sized (Mittelstand) firms, with 1,500 locations throughout the country. Many Canadian companies have holdings in Germany, to take advantage of market opportunities there and in surrounding countries. Notable investors include Rio Tinto Alcan, Research in Motion, CAE Electronics, Bombardier, Pratt and Whitney, Trizec Hahn and Magna.