List of the largest trading partners of Canada: Difference between revisions
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This is a '''list of the largest trading partners of Canada'''. Canada is considered to be a [[trading nation]] as its total trade is worth more than two-thirds of its [[GDP]] (the second highest level in the [[G7]] after [[Germany]]).<ref>http://www.investinontario.com/siteselector/coca_401.asp</ref><ref>http=book_result&ct=result&resnum=2&ved=0CBoQ6AEwAQ#v=onepage&q&f=false</ref><ref>http://stats.oecd.org/Index.aspx?DataSetCode=TRADEINDMACRO</ref> |
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Historically, the issue of Canada's largest trade partners, and dependence on particular markets, has been a major political issue. At the time of [[Canadian Confederation|Confederation]] in 1867, the [[Canada – United Kingdom relations|United Kingdom]] was by far Canada's largest trading partner, reflecting the close historical, cultural, and institutional ties within the [[British Empire]]. Over time, more and more of Canada's trade was proportionally done with the [[Canada – United States trade relations|United States]]. Various governments hoped to strengthen or reverse this trend, by changing [[tariff policy]] either to one of [[Imperial Preference]] with the British, [[Reciprocity (Canadian politics)|Reciprocity]] with the [[National Policy]] of internal development. The 1891 and 1911 elections were fought partly over the issue of closer trade relationships with the British. Following the [[American Civil War|Civil War]], the United States emerged as Canada's largest trading partner. By the time the United Kingdom joined the [[European Economic Community]] in 1973, the idea of the UK as an alternative to the USA as Canada's largest market was no longer viable. Canada and the United States signed the [[Canada – United States Free Trade Agreement|Free Trade Agreement]] in 1988 (which was expanded into [[NAFTA]] by the addition of [[Canada–Mexico relations|Mexico]] in 1994). Since that time the United States has dominated Canadian trade by an overwhelming degree. After the Wars, trade with Asia began to expand, especially [[China]]. After the opening of [[Canada – People's Republic of China relations]] in 1970, trade with China has expanded rapidly. |
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Revision as of 16:59, 12 February 2014
2014
Country | % Share of Total Exports | % Share of Total Imports |
---|---|---|
United States | 77.. | 52.4 |
China | 2.2 | 9.8 |
United Kingdom | 2.7 | 2.9 |
Japan | 2.3 | 3.5 |
Mexico | 1.2 | 4.1 |
Germany | 0.9 | 2.9 |
Netherlands | 0.8 | |
South Korea | 0.8 | 1.4 |
Vietnam | 0.7 | |
France | 0.7 | 1.4 |
Algeria | 1.8 | |
Norway | 1.4 | |
Total of Top Ten | 90.0 | 81.6 |
This list does not include the European Union which is a single economy and trading bloc (including France, Germany and the United Kingdom from the above list). The EU would be Canada's second largest trading partner with 10.5% of its trade (€46.6bn) in 2010.[2]
References
- ^ http://web.archive.org/web/20091212162631/http://www.investinontario.com/siteselector/coca_401.asp Source: Industry Canada, 2009 (6/2009)
- ^ Canada, European Commission, Directorate-General for Trade