China is Canada's second largest individual trading partner, accounting for 7.2 percent of Canada's trade.
Between 2005 and 2010, Canadian merchandise exports to China grew by some 83.4 percent, from $7.2 billion to $13.2 billion. China is Canada's third largest export market after the US and the UK, accounting for 3.3 percent of total Canadian merchandise exports.
China is the second largest source of merchandise imports to Canada after the United States, with imports valued at $44.5 billion in 2010, up 51 percent over 2005.
Two-way investment has increased substantially since 2005, reaching almost $19 billion in 2010, due mainly to increased Chinese direct investment in Canada.
In 2011, two-way trade between Canada and Sichuan Province increased 75 percent reaching 350 million CAD. Canada's main exports include agricultural products, pulp and paper, machinery products and automotive parts.
As the designated trade and finance centre for southwest China, Chengdu has enjoyed significant growth over the past decade. Chengdu’s GDP was USD $82 billion in 2010 (8th overall in China), an increase of 15% over 2009. Sichuan’s international trade totaled USD $32 billion, an increase of 35.6% over 2009. Total Foreign Direct Investment also grew by 69.6%, totaling USD $6.12 billion.
More information about Chengdu can be found here: http://www.tradecommissioner.gc.ca/eng/document.jsp?did=96085&cid=512&oid=32
May 2012
