However, its economy is highly reliant on oil and gas and as such, only around 20
per cent of exports are made up of higher technology products.
The U.K. is Canada's third - biggest trade partner after the United States and China, yet it represents only about three
per cent of exports.
Oil accounts for 98
per cent of exports and 80 per cent of the countries fiscal revenues.
The EU remains China's biggest export market (17
per cent of its exports) and China is now the EU's second biggest (9 per cent).
About 70
per cent of exports are directed to the three largest export markets in the United States, Korea and Japan.
Commodities still make up 65
per cent of our exports but manufactured goods and tourism are increasingly important.
The meetings, which were organized by Canadian Manufacturers and Exporters and the Canadian Manufacturing Coalition, focused on raising the profile of issues critical to driving investment in manufacturing and growing the sector that accounts for $ 287 billion in provincial GDP and 81
per cent of exports in 2014 despite challenges stemming from the economic downturn.
The upturn in global electronics demand has also aided the recovery in Asian exports — particularly in South Korea, Malaysia and Taiwan, where electronics account for 20 — 30 per cent of production and 30 — 50
per cent of exports.
As some 88 per cent of the total exports of Canadian small businesses and 96
per cent of the exports of medium - sized businesses go the U.S., the overall negative impact on jobs and the economy could be dramatic.
Mr. Poloz: But the fact is that the economy was going through a very rough period and lost 40
per cent of our exports, those kinds of things.
Currently, while 99 per cent of Canadian businesses are MSMES, only 12 per cent engage in export activities with only one
per cent of those exports going to Asia.
He proposed to limit debt service payments to 10
per cent of export earnings and refused to pay the IMF the arrears it asked for.
It was estimated that remittance accounted for 35
per cent of export earnings and are the country's single largest source of foreign currency.
Not exact matches
Household purchases account for 57
per cent of Canadian GDP, a rising share
of economic activity since the Great Recession
of 2008 because business - to - business purchases, business investment and
exports haven't found their mojo since.
Idaho's
exports to China totalled $ 560 million in 2015 — an increase
of more than 16
per cent from 2014 that makes China the second - largest
export market for Idaho.
Belarusian Potash Co. supplied about 42
per cent of the world's potash
exports before it broke up and sent prices to a four - year low as major buyers like China and India waited to see how far prices would fall.
Mid-tier iron ore miner Mineral Resources has increased its full - year net profit by 28
per cent to $ 231 million, with the help
of a 93
per cent increase in iron ore
export volumes.
Ninety - seven
per cent of Canadian oil
exports now go to the U.S.
Exports from Canada to the U.S. could be subjected to a maximum tariff
of 3.5
per cent under the World Trade Organization's «most favoured nation» provision, to which Canada would almost certainly respond with its own tariffs on imports from the U.S. «For Canada, under WTO rules, we'd have to put up barriers with the U.S., and the retaliation would be one
of the biggest sources
of negative impact for us,» says Dan Ciuriak, a former deputy chief economist with the Department
of Foreign Affairs and International Trade.
Canada is the United States» largest foreign provider
of steel and aluminum, with about 85
per cent of Canadian
exports being directed to that country.
On the other side
of the ledger,
exports fell 2.1
per cent in January to $ 45.8 billion as seven
of 11 sectors slipped lower.
The CCPA report also pointed out that 41
per cent of Canadian
exports enjoy MFN rates
of zero.
«They'll
export, they'll pay the minimal duty, and see that as a cost
of doing business in the U.S.» That sense
of business as usual extends to Canada's energy sector, which accounted for 16
per cent of total U.S. - bound
exports in 2016.
The bank projects that Canada's GDP will be 0.3
per cent lower by the end
of 2020 due to the negative impacts on
exports.
The loss was largely due to a $ 916 million impairment charge on its long - lived assets, stemming both from a major tax and
export dispute between its 64 -
per -
cent owned Acacia Mining and the Tanzanian government, and the partial writedown
of its Pascua Lama project after the Chilean government ordered it to close all surface facilities.
Curtin accounts for almost 60
per cent of WA's
export in education, and one in every three
of its 20,000 students is from overseas.
Canada receives half
of all American steel
exports, while the U.S. receives 90
per cent of Canadian steel
exports, the association said.
We produce a vehicle every 14 seconds, that's 2.3 million vehicles a year, and 95
per cent of them are
exported to the U.S.
Canada
exports to the U.S. 90
per cent of the 3.2 - million tonnes
of aluminum it produces annually, which represents two thirds
of America's total aluminum imports.
Steady growth
of 7
per cent in
export earnings has demonstrated the strength
of the mineral resource and energy sector in Australia.
WE ARE continuing to see good news on the
export front for Western Australia with the value
of our
exports nearly double that
of any other State.Western Australia's
exports grew by a strong 42.8
per cent in the three months to August, 2000, compared wit
Economic activity decreased in several categories, including business investment,
exports, construction and — most
of all — the important resources sector, which sank 2.7
per cent compared to the previous quarter.
The central bank, which kept its rate at 1.25
per cent Wednesday, said slower first - quarter growth
of about 1.3
per cent was largely a result
of housing markets» responses to stricter mortgage rules and sluggish
exports.
Records from the Vancouver Fraser Port Authority show that 94
per cent of the 6.6 - million tonnes
of thermal coal
exported through the Port
of Vancouver in 2016 came from the United States.
Exports have never been a big part
of the U.S. economy, they make up 10
per cent of GDP, less than half the slice
of the pie they account for in Canada.
Chinese
export growth did slow towards the end
of last year, but only from around 30 to around 25
per cent, and, in any case, the bulk
of China's growth is being driven by domestic demand.
We helped limit raw log
exports, launched the British Columbia Community Forest Association and used the Softwood Lumber dispute to reallocate 20
per cent of logging tenures across B.C.
Canada
exports 63
per cent of its oil production and 56
per cent of its natural gas, percentages that can never decrease under NAFTA.
Canadian clean energy companies developing technology for
export are seeing a 25
per cent cost advantage because
of the dollar's fall.
We know that sales by Canadian - owned foreign affiliates now exceed total
exports from Canada, approaching 30
per cent of GDP.
It raised the penalty for
exporting lumber to the U.S. from a combined rate
of 10.8
per cent to 15
per cent; it also hit Canada with the so - called «surge mechanism,» designed to discourage investment in Canadian sawmills.
The US
export sector is getting the benefit
of a lower dollar; there's a significant fiscal package in the pipeline, which will add more than 1
per cent of GDP to private spending power; and sharp cuts have been made in US official interest rates, with financial markets expecting more to come.
While the U.S. Department
of Agriculture forecasts Canadian
exports of skimmed - milk powder are poised to grow 13
per cent in 2018, the nation's shipments account for less than 4
per cent of world trade.
«The TPP will provide increased and privileged market access for Canadian
exports, services and investments in one
of the world's most dynamic economic regions, which represents nearly 40
per cent of the world's economy,» said Iain Black, President and CEO
of The Vancouver Board
of Trade.
Export volumes stood 5.0
per cent below their pre-recession peak at the end
of 2013.
Perhaps the biggest one is that the market for the bulk
of Canada's
exports, amounting to about 25
per cent of Canadian GDP, namely the United States, is currently very weak.
Exports to China are about 2.6
per cent of Australia's GDP.
RBC Transaction Banking has a leading market share among Canadian banks for
export letters
of credit coming into Canada, and is used by 80
per cent of the world's top 20 banks for standard settlement in CAD.
Canadian seafood
exports to China in the first half
of the year grew by 11
per cent compared with the same period last year.
Although this effect is very uncertain, we have incorporated a shock
of minus 0.3
per cent by the end
of 2018, which is about half
of our revision to the
export outlook.