Canada's Trade with the World, by Region
Canada enjoyed total trade growth of 2.7% with the world in 2012. Exports to Asia/Oceania region decreased 0.9%, while imports rose by 5%. Canada’s total trade with the United States, Canada's top trading partner, saw the biggest increase of 4% in 2012. Of notable interest was the decrease in Canada’s exports to Europe which dropped by 5% in 2012. Canada's exports to the United States and the Other region (the Middle East and Africa), increased by 3% and 4% respectively. Canada's trade with the Asia Pacific region has remain relatively stable over the years and in 2012, the region has a total trade growth of 3%, 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 2012|
|Exports||% Change||Imports||% Change||Trade||% Change|
Source: Trade Data Online. Industry Canada. 3 March 2013. 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.