An independent
think-tank on Canada's relations with Asia
Imports
CIBC Report Indicates Ontario Needs to Shift Export Focus to Booming Economies like India
A report from Toronto-based CIBC World Markets Inc.
CBSA Investigates the Dumping and Subsidizing of Certain Oil Country Tubular Goods from China
Canada's Trade with the World, by Region
Canada enjoyed total trade growth of 11% with the world in 2010. Exports to the Latin America region increased 19%, while imports rose by almost 29%. Canada’s total trade with Latin America saw the biggest increase of 26% in 2010. Canada’s total trade growth with the United States, Canada’s top trading partner, saw an increase of 10%. Of notable interest was the decline in Canada’s exports to the Other region (Middle East and Africa), at a decline of 12% is the only region that saw a decline in exports in 2010. Canada’s imports from Latin America and the Other region (the Middle East and Africa), increased by 29% and 26% respectively, the biggest increase in imports in 2010. Canada’s trade with the Asia Pacific region has remain relatively stable over the years and in 2010, the region has a total trade growth of slightly higher than the United States, at 10.9%. 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 2010 (C$ millions) | ||||||
| Exports | % Change | Imports | % Change | Trade | % Change | |
| US | 278,949 | 11.1 | 203,152 | 8.8 | 482,101 | 10.1 |
| Asia/Oceania | 38,154 | 12.9 | 83,571 | 10.0 | 121,725 | 10.9 |
| Europe | 38,006 | 18.8 | 58,489 | 2.6 | 96,495 | 8.4 |
| Latin America | 11,376 | 19.3 | 38,091 | 28.8 | 49,466 | 26.5 |
| Other | 7,147 | -12.4 | 19,990 | 26.4 | 27,137 | 13.2 |
| Total | 373,631 | 11.7 | 403,293 | 10.4 | 776,924 | 11.0 |
Source: Trade Data Online. Industry Canada. 15 March 2011. 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.
Canada enjoyed total trade growth of 11% with the world in 2010.
Chinese Toys May Not be Safe - But They Are No Less Safe Than Others
Published: November 06, 2007 in Canada-Asia Agenda (2 pages)
Abstract
While the backlash against toys made in China continues to grow, Canadian researchers have found that Chinese-made toys face no more recalls, in proportion to their market share, than toys imported from other countries.
