Adverts

Open Access Articles- Top Results for List of the largest trading partners of Canada

List of the largest trading partners of Canada

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).[1][2][3]

Historically, the issue of Canada's largest trade partners, and dependence on particular markets, has been a major political issue. At the time of Confederation in 1867, the 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 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 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 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 Free Trade Agreement in 1988 (which was expanded into NAFTA by the addition of 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.


2015

As of 2015 [4]

Country  % Share of Total Exports  % Share of Total Imports
23x15px United States 77 52.4
23x15px China 2.2 9.8
23x15px United Kingdom 2.7 2.9
Template:Country data Japan 2.3 3.5
23x15px Mexico 1.2 4.1
23x15px Germany 0.9 2.9
23x15px Netherlands 0.8
Template:Country data South Korea 0.8 1.4
23x15px Vietnam 0.7
23x15px France 0.7 1.4
23x15px Algeria 1.8
23x15px Norway 1.4
Template:Country data India 1.3
Total of Top Ten 90.0 81.6

This list does not include the European Union which is a single economy and trading block (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.[5]

References

  1. ^ http://www.investinontario.com/siteselector/coca_401.asp
  2. ^ http=book_result&ct=result&resnum=2&ved=0CBoQ6AEwAQ#v=onepage&q&f=false
  3. ^ http://stats.oecd.org/Index.aspx?DataSetCode=TRADEINDMACRO
  4. ^ http://web.archive.org/web/20091212162631/http://www.investinontario.com/siteselector/coca_401.asp Source: Industry Canada, 2009 (6/2009)
  5. ^ Canada, European Commission, Directorate-General for Trade