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Canada Balance of Trade. Between 1980 and 2008, Canada recorded a positive trade balance every year, with an expectation of 1991 and 1992. From 2009 onwards, the trade balance shifted to a deficit. In 2021, it switched again to a trade surplus, with energy products making the largest share of exports.
Comparing 2016 and 2019, total Canada-EU services trade has increased by 39.0%; specifically, Canadian services exports to EU increased by 36.6% and EU services exports to Canada increased by 40.6%. Annex B includes more details on annual trade performance in services between Canada and the EU.
- Trade Picture
- The EU and Canada
- Committees and Dialogues
- Trading with Canada
The value of trade in goods between the EU and Canada was €53.3 billion in 2020.In 2020, the EU had a positive trade balance with Canada of €13.3 billion in trade of goods and €3.7 billion in services.The EU is Canada's third largest trading partner after the United States and China, accounting for 8.2% of its trade in goods with the world in 2020.Canada accounted for almost 1.5% of the EU's total external trade in goods in 2020.CETA brings benefits for people and businesses around Europe, including. 1. scrapping most customs duties and cut red tape; 2. making it easier for Europeans to work in Canada, and; 3. many more benefits. The EU and Canada launched CETA negotiations in May 2009. After several years of negotiations, the EU-Canada Comprehensive Economic and Trade Agr...
The EU and Canada meet regularly to discuss issues and best practices and oversee the proper functioning of the Agreement. Technical committee meetings - agendas and reports
Trade relations are part of the EU's overall political and economic relations with CanadaCanada is a member of the World Trade OrganizationThis section describes the year’s trends in goods and services trade on a balance-of-payments basis. See the Office of the Chief Economist (2024) for a review of Canada’s goods trade in 2023 on a customs basis. Figure 1.10: Canada’s goods and services trade expands for another year in 2023
External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars. Canada trade balance for 2022 was $2.84B, a 1553.86% increase from 2021.
This report reviews the two partners’ trade performance three years after CETA provisionally came into effect. In particular, it compares trade performance in year 2016 (pre-CETA provisional application) with year 2019 (post-CETA provisional application and pre-COVID 19 pandemic).
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o United States: Canada’s merchandise trade with its largest trading partner was mixed in 2023, with growth in imports from the United States and declines in domestic exports. o Latin America & Caribbean : While domestic exports declined slightly, led by exports to
