Canadian Economy Continues to Benefit from Exports

Govt Canada logo

Canada’s exports continued to expand and helped grow the economy in 2012 despite a global stagnation in exports, reports Foreign Affairs, Trade and Development Canada in a just-released assessment.

In its detailed summary of the key trends and developments in international trade and investment, Canada’s State of Trade: Trade and Investment Update 2013, the department noted the following facts:
•    8 out of 10 provinces and all territories reported positive real economic growth
•    business expenditures drove most GDP growth
•    government expenditures contracted, contributing negatively to GDP for the first time since 1997
•    economic activity grew in all 4 quarters
•    inflation rose just 1.5%, nearly halving from 2.9% a year earlier
•    combined exports of goods and services grew 1.1% in a challenging global environment that saw trade stagnate and exports decrease in countries around the world; exports of services decreased 1%
•    Canada rose from 13th to 12th place among the world’s leading merchandise exporters, (US$455 billion in total exports)
•    Canada remained the most important trading partner of the US, ahead of China and Mexico in total trade (16.1%)
•    Canada’s exports to Mexico reached $5.4 billion, making Mexico our fifth-largest export destination.
•    Canada’s total bilateral trade with China continued to increase in 2012, up 7.8% from a year earlier ($70.1 billion)
•    the United Arab Emirates remains Canada’s largest export destination in the Middle East and North Africa region ($1.5 billion)
•    energy is Canada’s top export commodity ($115.8 billion)

Read the full report: Canada’s State of Trade: Trade and Investment Update — 2013 .

Related Articles


Changing Scene

  • Sonepar Announces Brand Consolidation in Ontario

    Sonepar Announces Brand Consolidation in Ontario

    Sonepar proudly announces the consolidation of their Ontario businesses from five brands to two. Aztec, Dixon and MGM will rebrand as a new and refreshed Dixon. Electrozad and Sesco will carry the new Electrozad brand. “Through many years of continued growth and acquisitions at Sonepar Canada, we have reached an exciting point in Ontario where… Read More…

  • Houle Selected as Electrical and Technology Contractor for the New BC Cancer Centre

    Houle Selected as Electrical and Technology Contractor for the New BC Cancer Centre

    In late August, Houle were proud to announce that they had been selected as the electrical and technology contractor for the new BC Cancer centre at the Royal Inland Hospital campus in Kamloops. Located adjacent to Royal Inland Hospital, this five-storey cancer centre will provide people in BC’s Interior with expanded access to cancer care… Read More…


Peers & Profiles