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Trade Relations between Canada and China in the XXI century
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Trade Relations between Canada and China in the XXI century
Annotation
PII
S207054760023500-7-
DOI
10.18254/S207054760023500-7
Publication type
Article
Status
Published
Authors
Evgeny Khoroshilov 
ORCID: 0000-0002-3738-9035
Occupation: Leading Researcher
Affiliation: Georgy Arbatov Institute for U.S. and Canada Studies Russian Academy of Sciences (ISKRAN)
Address: Russian Federation, Moscow
Edition
Issue 6
Abstract

In recent decades, China has moved up among the countries that are Canada's main trading counterparties and today is its second most important economic partner after the United States. At the same time, for China, Canada's role as a supplier and a market is not so great. To the Chinese market Canada supplies mainly raw materials, agricultural and forestry products. Moreover, over the past 20 years, the structure of Canada's exports to China has changed markedly in favor of the raw materials sector. The opposite trend is characteristic of Chinese supplies to the Canadian market, where an increasing weight is enjoyed by high value-added goods, including high-tech products, as well as products of the metalworking and chemical industries. The balance of Canadian-Chinese trade is traditionally positive for China. In the first months of 2022, there were noticeable changes in the dynamics and structure of Canada's foreign trade turnover with China. There is a drop in Canadian exports to China, in particular, a reduction in the supply of agricultural and mechanical engineering products. In general, Canadian-Chinese trade relations are becoming hostage to the intensification of confrontation between China and the United States, Canada's main military-political ally and foreign economic partner.

Keywords
Canada, China, Canada-China relations, trade, import, export
Received
25.10.2022
Date of publication
07.12.2022
Number of purchasers
10
Views
682
Readers community rating
0.0 (0 votes)
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