Canada's Trade with the World, by Region
Canada enjoyed total trade growth of 3.3% with the world in 2013. Exports to Asia/Oceania region increased 9%, while imports rose by almost 3%. Canada’s total trade with the United States, Canada's top trading partner, saw the biggest increase of almost 6% in 2013. Of notable interest was the decrease in Canada’s exports to Europe which dropped by 12% in 2013. Canada's exports to the Latin America and the Other region (the Middle East and Africa), decreased by 3% and 4% respectively. Canada's trade with the Asia Pacific region has remain relatively stable over the years and in 2013, the region has a total trade growth of over 4%, second highest growth behind the United States. However, the dominance of the United States in Canada's trade patterns is clear, as even a small percentage change in magnitude is much larger in dollar terms than double-digit percentage changes in other markets.
|Canada’s Trade with the World, by Region 2013|
|Exports||% Change||Imports||% Change||Trade||% Change|
Source: Trade Data Online. Industry Canada. March 24, 2014. http://www.ic.gc.ca/eic/site/tdo-dcd.nsf/eng/Home
Reproduced with the permission of the Minister of Public Works and Government Services Canada.