The European Union represents Canada’s second-biggest trade partner. Canada’s exports to the European Union totaled US$30 billion in 2016, down by -22.5% over the five-year period starting in 2012. Year over year, the value of Canada-EU exports reversed that trend via a 2% uptick from 2015 to 2016. Representing a 43% share, the United Kingdom is the EU member that purchases … [Read more...] about Canada’s Trade Report Card: EU Countries
North America
US Product Surpluses and Deficits with Mexico
The United States incurred a -US$65.9 billion trade deficit exporting to and importing from Mexico during 2016. That statistic represents a 33.7% expansion from America’s -$49.3 billion deficit in 2009, the first year in which full effects from the Global Recession surfaced. Year over year, America’s trade deficit with Mexico in 2016 grew by 7.9% from -$61.1 billion for … [Read more...] about US Product Surpluses and Deficits with Mexico
Trade Wars: United States Versus Canada
American and Canadian exporters and importers exchanged a total of about US$659.2 billion worth of products, a figure that represents inter-country sales to customers in both nations during 2014. Although the United States is the world’s number two exporter with global shipments valued 3.4 times higher than those for twelfth-place Canada, that doesn’t mean that resource-rich … [Read more...] about Trade Wars: United States Versus Canada
Trade Wars: United States Versus Mexico
American and Mexican exporters and importers exchanged a total of about US$534.4 billion worth of products, a figure that represents inter-country sales to customers in both nations during 2014. Although USA is the world’s number two exporter with global shipments valued over four times higher than those for fifteenth-place Mexico, that doesn’t mean that Mexico is devoid of … [Read more...] about Trade Wars: United States Versus Mexico
Trade Wars: United States Versus United Kingdom
American and United Kingdom exporters and importers exchanged a total of about US$108.1 billion worth of products, a figure that represents inter-country sales to customers in both geographic entities during 2014. Although United States is the world’s number two exporter with global shipments valued over 3 times higher than those for tenth-place United Kingdom, that doesn’t … [Read more...] about Trade Wars: United States Versus United Kingdom