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Record Figure in Mexico-Canada trade in 2011 Imprimir

 

  • The value of total trade between Mexico and Canada reached a record $34.479 billion USD in 2011.
  • Bilateral trade was 14.6% higher than last year, and ranks Mexico as Canada’s third largest trading partner.
  • The most highly traded goods were automobiles, trucks, cellular telephones and vegetable products.


Ottawa, ON, Canada.- February 10, 2012.-  According to figures from the Bank of Mexico, trade between Mexico and Canada reached $34.479 billion USD in 2011, which is a historic record in the commercial relationship.

This figure represents a growth of 14.6% in bilateral trade between 2010 and 2011, and an overall increase of 751% in the era of the North American Free Trade Agreement (NAFTA), which also translates into an average annual growth rate of 12.6% between 1993 and 2011, the highest in the region.

At the close of 2011, Mexico was positioned as Canada’s third largest trading partner, outdone only by Canada’s exchange with the United States and the People’s Republic of China. Total Mexico-Canada bilateral trade is markedly higher than Canada’s trade with the entire region of Latin America and the Caribbean for the same period.
         
Goods exported from Mexico to Canada that saw the highest growth in 2011 were: automobiles with a value of $2.477 billion, an increase of 14.1% over the same period in 2010; followed by haulage trucks ($2.143 billion) and cellular telephones ($1.988 billion).


Gerardo Sánchez-Maleno/ (613) 787-5184
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Última actualización el Miércoles, 22 de Febrero de 2012 20:48
 


Canadian Press Monitoring 2010
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