Canadian Trade and Investment Activity: Canada Pakistan

Transcription

1 Canadian Trade and Investment Activity: Canada Pakistan Publication No E 2 October 21 Alexandre Gauthier Simon Lapointe International Affairs, Trade and Finance Division Parliamentary Information and Research Service

2 LIBRARY OF PARLIAMENT 1 Canadian Trade and Investment Activity: Canada Pakistan (Trade and Investment Series) HTML and PDF versions of this publication are available on IntraParl (the parliamentary intranet) and on the Parliament of Canada website. Ce document est également publié en français. The Library of Parliament Trade and Investment series provides information on Canada s trade and investment relationship with selected countries. Particular attention is paid to bilateral merchandise trade, trade in services, and foreign investment. These publications are prepared by the Parliamentary Information and Research Service, which carries out research for and provides information and analysis to parliamentarians and Senate and House of Commons committees and parliamentary associations. Publication No E Ottawa, Canada, Library of Parliament (21)

3 LIBRARY OF PARLIAMENT 2 Merchandise Trade Figure 1 In 29, Canada s bilateral merchandise trade with Pakistan totalled $651. million, consisting of $48. million in Canadian exports to, and $243. million in imports from, Pakistan. On a global scale, Pakistan is neither a major export destination for Canada nor a major source of imports. Pakistan is Canada s 13 th largest export destination in Asia and its 4 th largest export destination worldwide. It is Canada s 15 th largest source of imports from Asia and the 63 rd largest source of imports worldwide Merchandise Trade Balance While two-way trade with Pakistan is limited, it has expanded rapidly in the last 1 years because of a relatively significant increase in exports. From 24 to 29, growth in exports to Pakistan surpassed Canada s overall export growth by a considerable margin. from Pakistan, on the other hand, declined or remained stable during the same period. Importance to Canada Average yearly growth (%): Figure 2 Share of total trade (%): Pakistan World At the provincial level, Saskatchewan and Alberta accounted for nearly 6% of Canada s total exports to Pakistan in 29. Manitoba and Saskatchewan have had the fastest growth in exports to Pakistan in recent years. Between 24 and 29, exports from Manitoba and Saskatchewan grew an average of 45% and 42% respectively each year Exp. Imp Figure by Province/Territory 29 Manitoba 1.6% Atlantic.6% Ontario 13.7% Quebec 4.7% Sask. 34.4% Alberta 22.4% B.C. 13.5% All figures were prepared by the author using Statistics Canada annual figures as of spring 21.

4 LIBRARY OF PARLIAMENT 3 Products Figure 4 Oilseeds made up a significant share 43% of Canada s total exports to Pakistan in 29. Vegetables (lentils and other pulses, in particular) were the second most important export category, with 18% of total exports in that year. Other leading export products at that time included ferrous waste, machinery and equipment, and coal. from Pakistan are mainly garments and other textile articles. Canada s single largest import from Pakistan in 29 was linen, which accounted for 22% of total imports in that year. Hosiery was the second most important import category and made up 1% of imports. Other important import products included leather apparel and rice. Major Export Products Oilseeds, seeds, etc. Vegetables Iron, steel Machinery and equip. Energy and related 24 Wood pulp, scrap paper 29 Wood, articles thereof Electronics and related Textiles, n.e.s. Nickel, articles thereof Figure 5 Major Import Products Trade between Canada and Pakistan is largely complementary; there is little overlap in the types of goods traded between the two countries. Canada is a net exporter of agricultural and extractive industry products to Pakistan, and a net importer of textile goods. Textiles, n.e.s Clothing, apparel (knitted) Clothing, apparel (woven) Leather, articles thereof Cotton, articles thereof Cereals Furniture, prefab. buildings Staple fibres, yarns, fabrics Carpets Toys, games, sports equip Figure 6 Balance by Category Agriculture & food Metals, mines, energy Forest products Machinery and equipment Transport. equipment Other manuf. goods Textiles Other All figures were prepared by the author using Statistics Canada annual figures as of spring 21.

5 LIBRARY OF PARLIAMENT 4 Services and Investment Figure 7 Compared to its trade in goods with Pakistan, Canada s trade relationship in services is not well-developed. In 27, the most recent year for which data are available, Canadian services exports to Pakistan totalled $16. million. Services imports from Pakistan in that year were lower, at $38. million. Although starting from a low level, services exports have grown significantly since the early 199s Services Trade Balance Canadian services exports are relatively evenly divided across three major services categories. Travel services, along with transportation and government services, have led the growth in Canadian services exports in recent years. Commercial services exports to Pakistan are well below 2 levels ($16. million in 27 compared to $48. million in 2). of services from Pakistan are minimal, and consist mostly of transportation and government services Transportation and gov't. Commercial Figure 8 Services Trade by Type 27 Pakistan is not a major destination for Canadian foreign direct investment. In 29, the only year for which data are available, Canadian direct investment in Pakistan was valued at $62. million. Travel Data on Pakistani investment in Canada are not available. All figures were prepared by the author using Statistics Canada annual figures as of spring 21.