State of Trade Issue 9: Energy Tops List of Canada’s Export Commodities
Harper government continues to work hard opening new markets and trade routes for Canada’s stable and abundant supply of energy exports
January 29, 2014 - The Honourable Ed Fast, Minister of International Trade, today highlighted some of the findings from Canada’s State of Trade: Trade and Investment Update 2013, a publication of Foreign Affairs, Trade and Development Canada.
“Canada is a trading nation, and increased trade leads to new jobs and opportunities for all Canadians,” said Minister Fast. “That’s why our government continues to work hard to open new markets and trade routes for our priority export commodities.”
Energy is Canada’s top export commodity with a value of $116 billion. In all, 91.4 percent of Canada’s energy exports go to the United States. Among the detailed products, crude oil exports grew 8.1 percent overall, to $74.4 billion. Crude oil topped Canada’s energy exports in 2012, with an increasingly dominant 64.2-percent share, up from 54.9 percent in 2010. This was followed by non-crude oil at 17 percent, petroleum gases at 9.7 percent and coal at 5.5 percent.
Under Canada’s Global Markets Action Plan, priority markets for Canadian energy products include Brazil, China, India, Japan, South Korea and the United States.
Canada’s State of Trade: Trade and Investment Update was released on December 27, 2013. It provides an annual overview of recent trends in international trade in goods and services. It includes numerous figures and tables detailing Canada’s performance in key markets, reports on trade and investment with NAFTA countries, updates of progress made under other free trade agreements and summaries of Canada’s current and financial accounts with the United States, the European Union, Japan and other trading partners.
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For further information, media representatives may contact:
Office of the Honourable Ed Fast
Minister of International Trade
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