In 2021, Canada’s trade deficit with China had reached 57 billion Canadian dollars, an increase from around 51.2 billion Canadian dollars in the previous year.
Merchandise trade balance of Canada with China from 2013 to 2021 (in billion Canadian dollars)
| Characteristic | Trade balance in billion Canadian dollars |
|---|---|
| – | – |
What is Canada’s trade relationship with China?
Canada-China Trade: 2022 YTD
Canadian exports to China continued to have a weak 2022, falling 14.42% compared to the same time last year. In contrast, exports to other countries rose by 29.21%, showing that declining exports to China is an outlier in Canada’s broader export growth, which increased 27.11% overall.
How much trade does China do with Canada?
Canada Exports to China was US$22.39 Billion during 2021, according to the United Nations COMTRADE database on international trade. Canada Exports to China – data, historical chart and statistics – was last updated on November of 2022.
What country has the largest trade deficit with China?
Year-to-Date Deficits
| Rank | Country | Deficit |
|---|---|---|
| 1 | China | -31.3 |
| 2 | Japan | -5.5 |
| 3 | Germany | -4.9 |
| 4 | Mexico | -3.9 |
What is the current trade deficit with China?
China trade balance for 2018 was $91.49B, a 57.59% decline from 2017.
China Trade Balance 1960-2022.
| China Trade Balance – Historical Data | ||
|---|---|---|
| Year | Billions of US $ | % of GDP |
| 2020 | $366.14B | 2.49% |
| 2019 | $132.79B | 0.93% |
| 2018 | $91.49B | 0.66% |
Who is Canada’s biggest trade partner?
The United States
The United States is Canada’s chief trading partner, constituting more than two-thirds of all Canadian trade; exports account for a larger share of trade than imports.
Who is Canada’s biggest trading partner today?
United States
Canada top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 284,478 | 73.25 |
| China | 18,861 | 4.86 |
| United Kingdom | 14,855 | 3.83 |
| Japan | 9,244 | 2.38 |
Does China rely on Canada?
China is Canada’s second most important bilateral commercial partner (or third with the EU-27 is counted as a whole).
What is China’s biggest export to Canada?
| China Exports to Canada | Value | Year |
|---|---|---|
| Ceramic products | $634.09M | 2021 |
| Glass and glassware | $589.94M | 2021 |
| Iron and steel | $555.50M | 2021 |
| Paper and paperboard, articles of pulp, paper and board | $455.13M | 2021 |
What does Canada import most from China?
| Canada Imports from China | Value | Year |
|---|---|---|
| Electrical, electronic equipment | $16.47B | 2021 |
| Machinery, nuclear reactors, boilers | $14.01B | 2021 |
| Furniture, lighting signs, prefabricated buildings | $4.37B | 2021 |
| Toys, games, sports requisites | $3.56B | 2021 |
Who is China’s #1 trading partner?
United States
List of largest trading partners of China
| Rank | Country / Territory | China exports |
|---|---|---|
| 1 | United States | 429.7 |
| 2 | European Union | 375.1 |
| – | ASEAN | 277.9 |
| 3 | Japan | 137.2 |
Who is China’s No 1 trading partner?
United States
China top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 452,493 | 17.48 |
| Hong Kong, China | 271,708 | 10.49 |
| Japan | 142,597 | 5.51 |
| Vietnam | 113,815 | 4.40 |
Who is China’s biggest trading partner 2022?
China’s trade with the Association of Southeast Asian Nations (ASEAN) totaled 1.35 trillion yuan ($212 billion) in the first quarter of 2022, an increase of 8.4 percent year-on-year, as ASEAN comes back as China’s largest trading partner after the European Union (EU) surpassed it in the first two months this year,
What is the trade deficit with China 2022?
In October 2022, the trade surplus in China amounted to approximately 85.15 billion U.S. dollars.
Monthly trade balance of goods in China from October 2020 to October 2022 (in billion U.S. dollars)
| Characteristic | Trade balance in billion U.S. dollars |
|---|---|
| – | – |
Does the US have a trade deficit or surplus with Canada 2022?
Exports increased $2.1 billion to $4.7 billion and imports decreased $0.7 billion to $3.8 billion. The deficit with Canada decreased $2.5 billion to $7.3 billion in June.
U.S. International Trade in Goods and Services, June 2022.
| Deficit: | $79.6 Billion | −6.2%° |
|---|---|---|
| Exports: | $260.8 Billion | +1.7%° |
| Imports: | $340.4 Billion | −0.3%° |
What is the US trade deficit with China 2022?
Meantime, China’s trade surplus with the US narrowed to USD 34.19 billion from USD 36.07 billion in September. China’s trade surplus widened to USD 84.74 billion in September 2022 from USD 67.05 billion in the same month a year earlier, and above market forecasts of USD 81 billion.
Who is Canada’s biggest customer?
the United States
Almost 75 per cent of Canada’s total exports go to the United States. (See Canada-US Economic Relations.) Other major markets include the European Union, China and Japan.
Which country does Canada export to the most?
United States
List of the largest trading partners of Canada
| Rank | Territory | Exports |
|---|---|---|
| – | World | 592,552.8 |
| 1 | United States | 446,950.5 |
| – | European Union | 48,196.4 |
| 2 | China | 23,249.1 |
What is Canada’s main source of income?
Its largest industries are real estate, mining, and manufacturing, and it is home to some of the largest mining companies in the world. A large portion of its GDP comes from international trade, with its largest trading partners being the U.S., China, and the U.K.
Who is America’s favorite trading partner?
U.S. imports – top trading partners 2021
In 2021, China was the top trading partner of the United States based on import value. In that year, U.S. imports from China totaled to 506.4 billion U.S. dollars.
What 3 countries are Canada’s main trading partners?
Canada continues to have strong trading ties to the United States, the European Union and China, its top 3 trading partners. Goods exports to the United States and the European Union grew well, supported by free trade agreements with these partners.