Analysis and Studies - Country Analysis
Comparison Canada/China: an overview
February 19th 2024
In 2021, Canada exported $22.5B to China. The main products that Canada exported to China are N/A. During the last 26 years the exports of Canada to China have increased at an annualized rate of 7.83%, from $3.17B in 1995 to $22.5B in 2021.
In 2020, Canada exported services to China worth $3.68B, with Travel ($3.01B), Transportation ($362M), and Royalties and license fees ($113M) being the largest in terms of value.
China-Canada
In 2021, China exported $57.1B to Canada. The main products that China exported to Canada were N/A. During the last 26 years the exports of China to Canada have increased at an annualized rate of 12.3%, from $2.82B in 1995 to $57.1B in 2021.
In 2021, China did not export any services to Canada.
Comparison
In 2021, Canada ranked 32 in the Economic Complexity Index (ECI 0.9), and 9 in total exports ($484B). That same year, China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T).
Latest trends
In November 2023, China exported $3.87B and imported $5.34B from Canada, resulting in a negative trade balance of $1.47B. Between November 2022 and November 2023 the exports of China have increased by $47.9M (1.25%) from $3.82B to $3.87B, while imports decreased by $-112M (-2.05%) from $5.45B to $5.34B.
Trade
In November 2023, the top exports of China to Canada were Telephones ($263M), Computers ($171M), Laboratory Reagents ($155M), Seats ($130M), and Motor vehicles; parts and accessories (8701... ($126M). In November 2023 the top imports of China from Canada were Coal Briquettes ($392M), Sulfate Chemical Woodpulp ($176M), Gold ($171M), Iron Ore ($137M), and Rapeseed ($133M).
Origins
In November 2023 the exports of China were mainly from Guangdong Province ($913M), Jiangsu Province ($712M), Zhejiang Province ($560M), Shandong Province ($352M), and Shanghai Province ($309M), while imports destinations were mainly Beijing ($3.28B), Shanghai Province ($324M), Shandong Province ($275M), Guangdong Province ($272M), and Zhejiang Province ($196M).
Growth
In November 2023, the increase in China's year-by-year exports to Canada was explained primarily by an increase in product exports in Laboratory Reagents ($154M or 16.5k%), Passenger and Cargo Ships ($54.1M or 858%), and Centrifuges ($43.3M or 320%). In November 2023, the decrease in China's year-by-year imports from Canada was explained primarily by an decrease in product imports in Iron Ore ($-111M or -44.8%), Rapeseed Oil ($-104M or -72.4%), and Pig Meat ($-67M or -84.6%).
Fonti:
https://oec.world/en
https://data.worldbank.org/
https://www.trademap.org/