Since its ascension into the World Trade Organization (WTO) in 2001, Canada’s trade with China has grown faster than Canada’s trade with any other principal trading partner. Despite a downturn in goods exports in 2019, bilateral goods trade has grown at a rate of 11% per-year, and services trade has grown at a rate of 12% per-year. It follows that China’s share of Canada’s trade has risen dramatically in the last 20 years, from about 1% in 2000 to nearly 6% in 2019. While the magnitude of Canada’s trade with China pales in comparison with Canada’s trade with the United States, China is Canada’s second largest trading partner (or third when trade with the EU-27 as a whole is included).
Since the year 2000, Canadian imports from China have been becoming more concentrated. At the HS-1 level, machinery and electrical equipment account for 45% of imports. At the HS-2 level, while imports from China are still considered diverse by the HHI, they are the fifth most concentrated basked of imports compared with Canada’s top 10 trading partners.Footnote7 However, compared with exports, Canada’s imports from China are more balanced by BEC classification.
Our company has 16 years of service experience, mainly providing one-stop service for cross-border e-commerce sellers, integrating professional overseas warehouse service, customs clearance service, logistics warehousing service and truck transportation service in North America, and guaranteeing to provide customers with 24-hour service throughout Canada.
The Canada-China Global Commerce Picture
Trade and Investment
Since its ascension into the World Trade Organization (WTO) in 2001, Canada’s trade with China has grown faster than Canada’s trade with any other principal trading partner. Despite a downturn in goods exports in 2019, bilateral goods trade has grown at a rate of 11% per-year, and services trade has grown at a rate of 12% per-year. It follows that China’s share of Canada’s trade has risen dramatically in the last 20 years, from about 1% in 2000 to nearly 6% in 2019. While the magnitude of Canada’s trade with China pales in comparison with Canada’s trade with the United States, China is Canada’s second largest trading partner (or third when trade with the EU-27 as a whole is included).
Since the year 2000, Canadian imports from China have been becoming more concentrated. At the HS-1 level, machinery and electrical equipment account for 45% of imports. At the HS-2 level, while imports from China are still considered diverse by the HHI, they are the fifth most concentrated basked of imports compared with Canada’s top 10 trading partners.Footnote7 However, compared with exports, Canada’s imports from China are more balanced by BEC classification.
Our company has 16 years of service experience, mainly providing one-stop service for cross-border e-commerce sellers, integrating professional overseas warehouse service, customs clearance service, logistics warehousing service and truck transportation service in North America, and guaranteeing to provide customers with 24-hour service throughout Canada.
Timely & reliable delivery of FCL/LCL cargo to your designated FBA warehouse.
Integrated logistics solution suiting the need of your order
Your goods regain value and avoid loss with FBA labels replaced.
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Wide delivery selection available from our local facilities, with one-stop solution of customs clearance, pick-up and delivery.
Local services available like business & trademark registration, license application, etc.
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