Canadian imports

The Asia Pacific region’s share of Canadian imports increased from 17.1% in 2004 to 17.6% in the current year. The East Asia region captures almost 14% of Canada’s total imports. Of notable interest are Chinese imports to Canada

Canada enjoyed an expanded trade surplus with the world in 2007, with exports growing much faster than imports despite a rise in the value of the Canadian dollar.

The automotive sector, along with the oil and gas sector, account for the bulk of Canada’s imports represented in this table. The same may be said of exports. The situation with petroleum may seem anomalous for an oil exporter such as Canada. However, it reflects the location of Canada’s oil reserves. Canada’s western

The composition of Canada’s imports from Asia is essentially similar to Canada’s imports from the rest of the world, concentrated in the automotive and electronics sectors. Our exports to Asia feature a higher degree of concentration, and they are more

In the first five months of 2007, Canada’s trade with the 17 major economies in Asia increased 11.6% over the same period in 2006. Data shows Japan remains Canada’s top export market, while China is a close second and South Korea the only other Asian market buying over C$1 billion of Canadian goods.

Canada’s trade with Asia is quite volatile. There are some simple explanations for this variability, however, relating to the composition of our trade. Canadian exports to Asia feature a relatively heavy reliance on natural resource-based items, especially wood, and agricultural goods, and on big-ticket, infrastructure-related items like telecommunications equipment and aircraft. Sales of the first class of goods, which tend to be priced in relatively

Canada generally runs large merchandise trade deficits with Asia Pacific. A regional trade deficit is not necessarily problematic, however, as we continue to run healthy bilateral surpluses with other trading partners and our current account