The European Union, with its 28 member states and a population of over 500 million, is Canada’s second-largest merchandise export market (after the U.S.).
According to European statistics, Canada is the EU's third-largest source of foreign direct investment stocks (2010).
At the end of 2011, the stock of Canadian direct investment in the EU totalled more than $172.5 billion.
In 2011, Canadian merchandise exports to the EU increased by 16.1 per cent. Two-way trade in merchandise reached $92.1 billion, up from $82.4 billion in 2010.
Canada’s top merchandise exports to the EU in 2011 were precious stones and metals, machinery and equipment, mineral fuels and oils, mineral ores and aerospace products.
Canada’s top merchandise imports from the EU in 2011 were machinery and equipment, mineral fuels and oils, pharmaceutical products, vehicles and vehicle parts and electrical and electronic machinery and equipment.
Taken as a whole, the EU is Canada's second-largest investor (after the U.S.), representing over 26 per cent of the stock of foreign direct investment in Canada at the end of 2011.
- Date Modified: