BOOMING – CANADA’s Trades with CHINA
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China is Canada’s 2nd biggest trading partner in the world. Their two-way trade amounted to more than 70 billion CA$ in 2013, accounts for 9% of the total trade of Canada’s top 10 trading partners.
Transcript of BOOMING – CANADA’s Trades with CHINA
Copyright © 2013 ResearchVit Consulting INC. Confidential and proprietary.
BOOMING – CANADA’s Trades with CHINA
A microanalysis, more free analyses are available at www.researchvit.com.
Copyright © 2013 Consulting Inc. Confidential and proprietary.
China is Canada’s 2nd Largest Trading Partner
2
China is Canada’s 2nd biggest trading partner in the world. Their two-way trade amounted to more
than 70 billion CA$ in 2013, accounts for 9% of Canada’s top 10 trading partners.
There is more than 50 billion CA$ imports and 20
billion exports with China. Obviously, Canada is a country
with big deficit in China-Canada trade.
Present
US China Mexico UK Japan Germany Korea France Netherlands Italy73.7% 9.0% 4.0% 3.5% 3.3% 2.3% 1.3% 1.1% 1.0% 0.9%
1 2 3 4 5 6 7 8 9 10
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Canada-China Trades Has a Long History
History
Start
Grow
Boom
From the beginning of 20th cent, China had already been Canada’s most important trading partner in far east. Canada established trading offices at Shanghai, Dalian and Tianjin in 1908 and 1931. Two-way trade of Canada and China
amounted 8.3 million CA$ with
Canada’s 0.8 million surplus in 1936.There are small amount of trades after 1949. The big increment happened after “Canada-China Wheat Agreement” in
1961. The trades exceed 100 million in
1961, and more than 200 million in 1966.Canada establish diplomatic relations with China in 1970, and it was one of the earliest west countries to do so. Canada-China trades began to have a political protection afterwards. In 1970s, the trades
increased to more than 0.5 billion CA$,
1.3 billion in 1980s and 8.1 billion in 1995.
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Imports from China Increased the Most
Importfrom China
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
1
2
3
4
5
1.07
3.99
1.03
2.11
USChina
MexicoJapan
Assign 2001=1
Increase of Canada’s Imports – Top 4 Partners
Among Canada’s top 4 imports partners, the biggest growth is China. The amount is 4 times in 2012 than in 2001, and the trend goes on.
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Imports of Arms Increased the Most
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
2
4
6
8
10
1211.1
8.0 7.4
6.4 6.4 5.1 4.8 4.4 4.3 3.7
Increase of Canada’s Imports from China – Top 10 Industries
There are 3-11 times increments among top 10 products categories, includes Arms, Transportation Tools, Oils/fats/waxes and so on.
Importfrom China
Arms
Transportation toolsOils/Fats/WaxesJewellery/ Precious metals
Assign 2001=1
Machinery/ Electronics
Woods and articles thereofBase metalsPaper/Pulp of woodPlastics/Rubber and articles thereofFood/Beverages/ Tobacco
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2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
1
2
3
4
5
1.0
4.5
3.7
1.2
Exports to China Increased the Most
USChina
UKJapan
Assign 2001=1
Increase of Canada’s Exports – Top 4 Partners
China and UK are Canada’s exports partners with the fastest increasing speeds, the
increments were 4.5 and 3.7 times in past 12 years.
Exportto China
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2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
10
20
30
40
50
60
70
80
90
100
77.3
65.1
43.7
26.1 22.3 9.4 8.2 7.5 6.4 6.1
Exports of Jewellery/Precious metals Increased the Most
Increase of Canada’s Exports to China – Top 10 Industries
In 2012, The trades of Jewellery/precious metals, Oils/fats/waxes and Woods and articles thereof was
77, 65 and 44 times of 2001.
Jewellery/ Precious metalsOils/Fats/WaxesWoods and articles thereofMineral products
Assign 2001=1
Food/Beverage/ Tobacco
Base metalsArticles of stone/GlassRaw leather and articles thereofOptical/Watches/ Musical instrumentsFootwear/Headgear/ Umbrellas/Others
Exportto China
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Research Reference:
1. “Canadian International Merchandise Trade Database”, Statistics Canada;
2. “List of the largest trading partners of Canada”, Wikipedia;
3. “ 中加经贸关系三十年回顾与展望”，韩经纶，南开大学国际商学院 .
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