Fast Facts on Trade in 2012 - February 28, 2013

March 1, 2013

The following is excerpted from a 28 February 2013 commentary by Peter G. Hall of EDC.

Normally, this column is forward-looking, but occasionally, it pays to reflect on recent events. Annual merchandise trade data for 2012 are hot off the press, and analysts are still dissecting the details. Here are some key features of 2012, and reflections on their impact on Canada’s trade scene.

Exports still haven't fully recovered. Although post-crisis growth in merchandise exports has on the whole been remarkable, modest 1.9% growth during 2012 still left them 6.2% below the 2008 peak. The main reason? Exports to the US, which remain 10% below the previous peak. At the outset of 2012, exports were expected to have a much better year. They entered 2012 with a lot of momentum, but that fizzled mid-year as global pessimism weighed on sales, and never really regained their verve.

This commentary is available in its entirety at:
http://www.edc.ca/EN/Knowledge-Centre/Subscriptions/Weekly-Commentary/Pages/fast-facts-on-trade.aspx

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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