Tuesday, April 8, 2008

Non-U.S. trade rose in 2007, StatsCan reports

OTTAWA - While the United States remained Canada's largest trading partner in 2007, the rest of the world became increasingly important to this country's trading affairs, Statistics Canada said Monday.

The federal agency said exports to all countries besides the U.S. increased 17.4 per cent last year, with China, the United Kingdom and Norway accounting for much of the growth.

China accounted for about one-fifth of Canada's growth in exports last year. It is now Canada's third-largest export market, surpassing Japan, and trailing the U.K. in second and the U.S. in first. Leading exports to China last year included wood pulp, metals and organic chemicals.

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