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Originally posted by Christien
Looks like it: 22.9 billion for 2005, 18 billion for 2004
Remember, 1/10 population, 1/10 economy size, so multiply our #s by 10 to get a proportionate value: 04 180 billion Canada (proportionate) vs. 162 billion US.
source: http://www.asiapacificbusiness.ca/data/trade/t2_withasia.cfm
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Canada generally runs large merchandise trade deficits with Asia Pacific. A regional trade deficit is not necessarily problematic, however, as we continue to run healthy bilateral surpluses with other trading partners and our current account remains positive.
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healthy bilateral surpluses with other trading partners
Canada exports oil to the USA, why don't they just come out and say it?
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