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 (C$ millions) | ||||||
| Exports | % Change | Imports | % Change | Trade | % Change | |
| US | 315,431 | 3.4 | 232,830 | 5.5 | 548,262 | 4.3 |
| Asia/Oceania | 46,963 | -0.9 | 95,046 | 5.2 | 142,008 | 3.1 |
| Europe | 41,529 | -5.4 | 63,836 | -1.2 | 105,365 | -2.9 |
| Latin America | 12,886 | 0.3 | 42,282 | -1.9 | 55,168 | -1.4 |
| Other | 10,261 | 4.3 | 27,933 | 0.5 | 38,194 | 1.5 |
| Total | 427,070 | 1.9 | 461,927 | 3.5 | 888,997 | 2.7 |
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.