Canada's "Trading Square"
The trading relationship among Canada, the largest partner U.S.A., and the American's 2 biggest Asian partners, China & Japan

Canada - U.S.A. - China - Japan (2007)

,
Canadian exports to the U.S. 
Canadian imports from the U.S. 

Canadian exports to Japan         
Canadian imports from Japan   

U.S. exports to Japan               
U.S. imports from Japan 

$ 331 billion
$ 220 billion

$ 9 billion
$ 15 billion

$ 62 billion
$ 145 billion


$ 782 billion
total value of Canada - U.S. - Japan trade

 
Canadian exports to the U.S. 
Canadian imports from the U.S. 

Canadian exports to China         
Canadian imports from China   

U.S. exports to China               
U.S. imports from China 

$ 331 billion
$ 220 billion

$  7 billion
$  34 billion

$ 65 billion
$ 321 billion


$ 978 billion
total value of Canada - U.S. - China trade
Points to observe from these 
pie charts
1. Canada exports more to the U.S. than China
2. Canada's biggest export market in Asia is Japan
3. Canada imports "twice" as much from China, as from Japan
4. Canada is still the biggest export market for U.S. goods

5. The U.S. has a massive trade deficit with China 
- however a lot of this is U.S. based companies operating in China, exporting back tot he U.S. (eg. Walmart)
b
One of the purposes of this chart is to illustrate a point often incorrectly observed re: USA-China trade
Some Americans and Chinese too, say that the China-USA trade is the most important to each country
- not so, the US-Canada trade relationship is by far the biggest economic exchange
 
 

Prof. Tim Richardson

 

sources
 http://www.ic.gc.ca/epic/site/ibi-iai.nsf/en/h_bi18602e.html

http://www.ic.gc.ca/epic/site/ibi-iai.nsf/en/bi18683e.html

 http://www.census.gov/foreign-trade/balance/c5700.html
 

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