Your question: Does Canada have a trade surplus or deficit with Germany?

Does Canada have a trade surplus with the EU?

The trade surplus remained throughout the whole period, reaching EUR 13 billion in 2020. Both exports to and imports from Canada increased between 2010 and 2020. EU exports to Canada were highest in 2019 (EUR 38 billion) and lowest in 2010 (EUR 22 billion).

How much does Canada trade with Germany?

Germany is Canada’s largest export market in the EU, and our sixth-largest trading partner globally, with two-way merchandise trade totalling $23.64 billion in 2020. Canadian exports to Germany were worth $6.37 billion in 2020 while Canada’s imports from Germany were $17.27 billion.

What countries does Canada have a trade deficit with?

Canada incurred the highest trade deficits with the following countries.

  • China: -US$38.4 billion (country-specific trade deficit in 2020)
  • Mexico: -$17.7 billion.
  • Germany: -$8.1 billion.
  • Vietnam: -$5.6 billion.
  • Italy: -$4 billion.
  • South Korea: -$3.7 billion.
  • Brazil: -$3.3 billion.
  • Switzerland: -$3 billion.

Is Canada in a trade surplus?

Canada’s trade surplus rose to CAD 1.86 billion in September of 2021 from a downwardly revised CAD 1.51 billion in the previous month and surpassing market expectations of a CAD 1.55 billion surplus as imports decreased faster than exports.

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What does Canada trade with the European Union?

In 2018, the most important category of goods traded between Canada and the EU were: machinery (25.6% of EU exports to Canada and 24.3% of its imports) chemical and pharmaceutical products (16.2% of EU exports and 9.1% of its imports) transport equipment (15.6% of EU exports and 9.1% of its imports)

Is Canada a European Union country?

Canada-EU Relations

Our relationship is the EU’s oldest formal relationship with any industrialized country, officially dating back to 1959 when we signed the Agreement for Cooperation in the Peaceful Uses of Atomic Energy. Canada is one of the EU’s official Strategic Partners.

Does Canada trade with Germany?

Canada’s Merchandise Trade with Germany

Ontario – $1.9 billion, a decrease from $2.0 billion in 2016.

Are Canada and Germany allies?

Canada–Germany relations are those between Canada and the Federal Republic of Germany. The two countries are close allies and fellow NATO and G7 members.

Did Canada have a trade deficit or surplus 2019?

Canada posted a surplus of $8.3 billion with the U.S. for the month. With the rest of the world, however, Canada continues to have a trade deficit, although that deficit shrank to $5.1 billion, resulting in a total trade surplus of $3.2 billion.

How is Canada a trading country with the world?

In the 20th century, Canada’s exports shifted to services, manufactured goods and commodities such as oil and metals. Since the 1980s, Canada has signed free trade agreements with dozens of countries to increase global trade and investment. … The United States is Canada largest trading partner by far.

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What was Canada’s balance of trade for 2019?

Balance of trade in goods and services in Canada from 2000 to 2020 (in billion Canadian dollars)

Characteristic Balance in billion Canadian dollars
2019 -36.87
2018 -42.2
2017 -46.93
2016 -47.78

Does Canada import or export more?

Canada is currently our 2nd largest goods trading partner with $612.1 billion in total (two way) goods trade during 2019. Goods exports totaled $292.6 billion; goods imports totaled $319.4 billion.

What type of government does Canada have?

Current account balance. $1.2 billion. First quarter 2021. Source(s): Table 36-10-0018-01. Canada’s current account balance (on a seasonally adjusted basis) posted a $1.2 billion surplus in the first quarter after recording a $5.3 billion deficit in the fourth quarter of 2020.