Canadas Place

in the World
Evolving and Strategic

Evolving and strategic

Canadians are citizens of the world

Knowledge of global issues

Living in a multicultural environment
Evolving in the age of globalization

Dependence on trade

Natural resources, manufactured goods and

services
Small domestic market
Economy depends on trade
Strategic thinking

Ch 2-2

The role of trade in Canada

Facts

13th largest exporter, 11th largest importer

Exports of goods & services - $458 billion in
2011.
Imports of goods & services - $456 billion in 2011

Issues

Escalating global competition

Appreciation of the Canadian dollar
Need for market diversification

Ch 2-3

Trading partners
Canadian Exports and Imports
Exports

458,191.3

United States

331,226.4

Japan

11,348.2

United Kingdom
Other European Union
Other OECD

2011

19,431.4
2

22,978.2
20,524.5

All other countries

Imports

52,682.6
455,873.5

United States

Japan

281,226.1
9,368.4

United Kingdom

10,581.2

Other European Union2

35,280.8

Other OECD

32,687.0

All other countries

86,730.1

Ch 2-4

Merchandise Trade, 2010

($millions and percent)
2010
Exports $

Export
Share%

2010
Imports $

Import
Share%

Ontario

168,459.9

42.2

235,670.9

58.4

Alberta

78,662.3

19.7

19,218.2

4.8

Quebec

59,205.1

14.8

66,951.9

16.6

British Columbia

29,320.1

7.3

37,052.2

9.2

Saskatchewan

24,195.4

6.1

8,108.9

2.0

New Brunswick

12,696.4

3.2

10,694.5

2.7

Manitoba

10,365.2

2.6

13,773.4

3.4

Newfoundland

9,212.5

2.3

3,576.9

0.9

Nova Scotia

4,413.2

1.1

8,080.6

2.0

NWT

2,069.1

0.5

0.2

0.0

PEI

716.9

0.2

41.1

0.0

Yukon Territory

98.6

0.0

94.7

0.0

Nunavut

6.1

0.0

83.8

0.0

399,420.7

100.0

403,347.2

100.0

Total

Ch 2-5

2010 - Top Trading Partners

2010 - Top Trading Partners ($billion)
Merchandise Exports

Merchandise Imports

United States
United Kingdom
China
Japan
Mexico
Germany
Korea
Netherlands
Brazil

United States
China
Mexico
Japan
Germany
United Kingdom
Korea
France
Italy

299.1
16.4
13.2
9.2
5.0
3.9
3.7
3.2
2.6

203.2
44.5
16.8
13.4
11.4
10.7
6.1
5.4
4.6

Ch 2-6

Emerging markets

Growing and emerging markets

Existing markets

Brazil, Russia, India, China, South Africa (BRICS)

Colombia, Indonesia, Vietnam, Egypt, Turkey and
South Africa (CIVETS)
European Union, Japan

Increased focus

Africa

Ch 2-7

Free Trade Agreements

Table 2.13Canadas trade agreements

Current

At negotiation or exploratory

Canada currently has free trade

agreements in place with the
following partners:
Chile
Colombia
Costa Rica
European Free Trade Association
(EFTA)
Israel
Jordan
Mexico (under NAFTA)
Peru
Panama
United States (under NAFTA)

Canada is negotiating or exploring free

trade with the following partners:
Andean Community Countries
Caribbean Community (CARICOM)
Central America Four (CA4)
Dominican Republic
European Union (CETA)
Honduras
India
Japan
Morocco
Republic of Korea
Singapore
Turkey
Ukraine

Ch 2-8

In support of developing
countries

Paving the way to economic development

for developing countries:

Trade-related Technical Assistance and CapacityBuilding

Least Developed Countries (LDCs) Accessions
LDC Market Access Initiative

Ch 2-9

The supporting
environment for trade

Canada is a leader in the promotion of trade

Extensive supporting environment

Trade Commissioners
Export Development Canada
Industry Canada
Government departments

Trade and sector associations are offering

focused and relevant services to their
members

Ch 2-10

Canadas place in the world

Checklist:
Become familiar with economic importance
of trade to Canada
List quick facts and figures on Canadas
trade performance
Study trade statistics between Canada and
target markets
Understand trade agreements
Determine your role in the support of trade
in developing countries

Ch 2-11