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StatsCan releases manufacturing trend report 2002-2012

Published by Brad Fougere on March 19, 2014

OTTAWA - Canada manufacturers diversified their export destinations with higher exports to the EU and China said a report from StatsCan released today. The report, which covers 2002 – 2012, added that manufacturing exporters saw a significant drop in trade with the US. Bolstered by increased trade with Europe and Asia, non-US exports grew $24.1 billion over the ten-year period, the $84.5 billion decline between 2005 and 2009 of exports to the US contributed to the overall 7 per cent drop in exports over the ten-year study.

As the global economy has started to recover from the 2008 meltdown, diversified trade has become a priority for Canada. Our neighbours will remain our largest trading partner – gains in export to the US from 2009 to 2012 totaled $42.6 – but a European trade agreement and increased trade with Asia are important to our manufacturing export future.

CME, through programs like the Enterprise Canada Network, continues to lead Canada’s manufacturers and exporters helping them foster global trading partnerships.

For more information on the network visit http://www.een-canada.ca/ or contact general.eencanada@cme-mec.ca

Canadian Manufacturers & Exporters (CME) is Canada’s largest trade and industry association, and the voice of manufacturing and global business in Canada.

The association represents more than 10,000 leading companies nationwide. As Canada's leading business network, CME – through various initiatives including the establishment of the Canadian Manufacturing Coalition – touches more than 100,000 companies from coast to coast, engaged in manufacturing, global business and service-related industries.

CME's membership network accounts for an estimated 82 per cent of Canadian manufacturing production and 90 per cent of goods and services exports.

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Found in: Stats Canada Manufacturing

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