Canada Germany. Alexandre Gauthier* Publication No E 9 August 2012

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1 Canada Germany Publication No E 9 August 212 Alexandre Gauthier* International Affairs, Trade and Finance Division Parliamentary Information and Research Service

2 Canada Germany (Trade and Investment Series) HTML and PDF versions of this publication are available on IntraParl (the parliamentary intranet) and on the Parliament of Canada website. Ce document est également publié en français. The Library of Parliament Trade and Investment series provides information on Canada s trade and investment relationship with selected countries. Particular attention is paid to bilateral merchandise trade, trade in services, and foreign investment. These publications are prepared by the Parliamentary Information and Research Service, which carries out research for and provides information and analysis to parliamentarians and Senate and House of Commons committees and parliamentary associations. * Katie Meredith, formerly of the Library of Parliament, contributed to the preparation of this document. Publication No E Ottawa, Canada, Library of Parliament (212)

3 CONTENTS MERCHANDISE TRADE... 1 PRODUCTS... 2 SERVICES AND INVESTMENT... 3 LIBRARY OF PARLIAMENT i PUBLICATION NO E

CANADA GERMANY Merchandise Trade Figure 1 In 211, Canada Germany merchandise trade totalled $16.7 billion, comprised of nearly $4. billion in Canadian exports to, and $12.

5 CANADA GERMANY Merchandise Trade Figure 1 In 211, Canada Germany merchandise trade totalled $16.7 billion, comprised of nearly $4. billion in Canadian exports to, and $12.8 billion in imports from, Germany. The value of Canada s exports to Germany increased by.5% between 21 and 211, while the value of Canada s imports from the country grew by 13.3%. 2 1 Merchandise Trade Balance Exports Imports Germany was Canada s eighth largest export destination worldwide in 211. In that year, it was Canada s fifth largest source of imports globally. Over the 26 to 211 period, the value of Canada s exports to Germany grew at an average annual rate of slightly more than.%, compared to.3% worldwide. The value of Canada s exports to the country as a share of the value of Canada s total exports in 211, as in 26, was.9%. The value of Canada s imports from Germany increased at an average annual rate of 2.8% over the 26 to 211 period, compared to 2.4% worldwide. The value of Canada s imports from the country as a share of the value of Canada s total imports increased from 2.8% in 26 to 2.9% in 211. At the provincial/territorial level, Quebec and Ontario together accounted for 74.8% of the value of Canada s exports to Germany in 211, with exports valued at $1.5 billion and $1.4 billion respectively. Over the 26 to 211 period, the fastest-growing provincial/territorial exporters to Germany were New Brunswick, Yukon and Nunavut, with average annual growth rates of 47.%, 26.4% and 14.4% respectively Figure 2 Importance to Canada Average yearly growth (%): Alberta 4.2% B.C. 7.4% Figure 3 Share of total trade (%): Germany World Exports Imports Exp. Imp Exports by Province/Territory 211 Manitoba 1.3% Sask. 1.1% Atlantic 11.3% Quebec 38.6% Territories.% Ontario 36.2% All figures were prepared using 211 data, based on Statistics Canada annual figures released in spring 212. The merchandise trade data are customs-based; the services trade and foreign direct investment data are balance of payments-based. LIBRARY OF PARLIAMENT 1 PUBLICATION NO E

6 CANADA GERMANY Products Figure 4 In 211, manufactured goods accounted for 8.5% of the value of Canada s exports to Germany, with resource-based goods representing the remaining 19.5%. This composition had changed slightly since 26, when manufactured goods and resource-based goods accounted for 76.9% and 23.1% respectively of the value of Canada s exports to the country. Canada s highest-valued exports to Germany in 211 were certain types of aircraft, turbojets and iron ore, which together accounted for 26.% of the value of Canada s exports to the country. The value of the aircraft and iron ore exports to Germany decreased from $589.3 million and $441. million respectively in 26 to $47.2 million and $24.6 million respectively in 211. The value of Canada s turbojet exports to Germany, meanwhile, increased from $199.8 million in 26 to $315.7 million in 211. In 211, manufactured goods represented 99.6% of the value of Canada s imports from Germany, with resource-based goods accounting for the remaining.4%. This composition was consistent with 26, when manufactured goods and resource-based goods represented 99.8% and.2% respectively of the value of Canada s imports from the country. Canada s highest-valued imports from Germany in 211 were motor vehicles, medications and motor vehicle parts, which together accounted for 32.4% of the value of Canada s imports from the country. The value of Canadian motor vehicle, medication and motor vehicle parts imports from Germany increased from $1.9 billion, $95.2 million and $299.6 million respectively in 26 to $2.9 billion, $92.6 million and $32.7 million respectively in 211. In 211, Canada had a trade deficit with Germany in nearly all product categories; trade was balanced in the metals, mines and energy category as well as the category of other products. Major Export Products 211 Machinery and equipment Ores, slag, ash Aircraft and parts Energy and related Electr., electron., etc. 26 Prec. metals, jewellery, coins 211 Specialized instruments 1 Figure 5 Major Import Products 211 Motor vehicles, parts Machinery and equipment Pharmaceuticals Electr., electron., etc. Specialized instruments 26 Articles of iron, steel Plastics, articles thereof 211 Iron, steel 2 4 Figure 6 Balance by Category 211 Agriculture and food 26 Metals, mines, energy 211 Forest products Machinery and equipment Transportation equipment Other manufactured goods Other All figures were prepared using 211 data, based on Statistics Canada annual figures released in spring 212. The merchandise trade data are customs-based; the services trade and foreign direct investment data are balance of payments-based. LIBRARY OF PARLIAMENT 2 PUBLICATION NO E

7 CANADA GERMANY Services and Investment Figure 7 In 29, the most recent year for which data are available, Canada Germany services trade totalled $3.4 billion, comprised of $1.8 billion in Canadian exports to, and $1.6 billion in imports from, Germany. The value of Canada s services exports to Germany decreased by 8.8% from 28 to 29, while the value of Canada s services imports from the country declined by 5.% Services Trade Balance Exports Imports In 29, Canada s trade surplus in services with Germany was the result of commercial services and travel services; Canada s exports of commercial services and travel services to the country were valued at $824. million and $49. million respectively, while imports from the country were valued at $733. million and $293. million respectively. In that year, Canada had a deficit with Germany in transportation and government services. The stock of Canadian direct investment in Germany totalled $9.2 billion in 211, making it Canada s 13 th largest destination for foreign investment abroad. Canadian direct investment in the country increased by 8.9% between 21 and 211. In 211, the stock of German direct investment in Canada also totalled $9.2 billion, making it the 1 th largest source of foreign investment in Canada. German direct investment in Canada increased by 15.6% between 21 and Transportation and government Commercial Travel Figure 8 Services Trade by Type 29 $ millions , Figure 9 Foreign Direct Investment Exports Imports Canadian investment in Germany 1 German investment in Canada All figures were prepared using 211 data, based on Statistics Canada annual figures released in spring 212. The merchandise trade data are customs-based; the services trade and foreign direct investment data are balance of payments-based. LIBRARY OF PARLIAMENT 3 PUBLICATION NO E

Canada United States. Alexandre Gauthier. Publication No E 9 May 2012

Canada United States. Alexandre Gauthier. Publication No E 9 May 2012 Canada United States Publication No. 212-5-E 9 May 212 Alexandre Gauthier International Affairs, Trade and Finance Division Parliamentary Information and Research Service Canada United States (Trade and