Record EU surplus in trade in goods with Canada of €7 billion in 2015… … but surplus for trade in services at its lowest point

On the occasion of the 16th European UnionCanada summit, which took place on 30 October in Brussels, Eurostat, the statistical office of the European Union, issued some data on economic relations between Canada and the EU.

Key figures

> Canada: 12th largest EU partner for imports in 2015 (1.6% of all EU imports), after Vietnam and ahead of Taiwan

> Canada: 13th largest EU partner for exports in 2015 (2.0% of all exports), after Hong Kong and ahead of Brazil

> EU trade in goods balance with Canada in 2015: record surplus of €6.9 billion, due to surge of exports

> Manufactured goods dominate both exports and imports

> Highest surplus with Canada for Germany, largest deficit for the United Kingdom

> EU trade in services balance with Canada in 2015: declining surplus at €3.8 billion

> EU: net investor with Canada in 2014

Development of EU trade in goods with Canada, 2005-2015

(in € billion)

EU international trade in goods with Canada and the world

(in € billion)

  2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
EU trade in goods with Canada
Exports 23.3 26.0 25.4 25.5 21.9 26.8 29.9 31.4 31.6 31.6 35.2
Imports 17.7 20.6 24.2 25.1 19.4 24.8 30.7 30.3 27.2 27.4 28.3
Balance 5.5 5.4 1.1 0.4 2.6 2.0 -0.8 1.1 4.3 4.2 6.9
Total extra-EU trade in goods
Exports 1 049.5 1 152.5 1 234.5 1 309.1 1 094.0 1 353.9 1 554.4 1 684.7 1 736.4 1 702.9 1 791.0
Imports 1 183.9 1 368.3 1 450.3 1 585.2 1 235.6 1 530.8 1 729.7 1 798.3 1 687.4 1 692.2 1 726.7
Balance -134.4 -215.8 -215.9 -276.1 -141.7 -176.9 -175.3 -113.7 48.9 10.7 64.3
Canada / Total extra-EU
Exports 2.2% 2.3% 2.1% 1.9% 2.0% 2.0% 1.9% 1.9% 1.8% 1.9% 2.0%
Imports 1.6% 1.5% 1.7% 1.6% 1.6% 1.6% 1.8% 1.7% 1.6% 1.6% 1.6%

The source dataset can be found here.

EU international trade in goods with Canada by main product, 2015

EU international trade in goods with Canada by product, 2015

(in € million)

  Exports Imports Balance
Total 35 199   28 282   6 917  
       
Primary goods: 5 711   7 002   -1 291  
Food & drink 2 920   2 033   887  
Raw materials 847   3 856   -3 009  
Energy 1 944   1 113   831  
Manufactured goods: 28 552   12 812   15 740  
Chemicals 6 058   2 384   3 675  
Machinery & vehicles 15 448   6 649   8 799  
Other manuf’d goods 7 046   3 780   3 266  
Other 935   8 468   -7 533  

EU Member States trade in goods balance with Canada, 2015

(in € million)

* See country note.

EU Member States’ international trade in goods with Canada, 2015

  Exports Imports Balance
in € million share of total exports in € million share of total imports
Belgium* 1 921 0.5% 2 871 0.8% -950
Bulgaria 50 0.2% 28 0.1% 22
Czech Republic 235 0.2% 101 0.1% 134
Denmark 507 0.6% 310 0.4% 197
Germany 10 048 0.8% 3 158 0.3% 6 889
Estonia 80 0.7% 18 0.1% 62
Ireland 865 0.8% 438 0.6% 428
Greece 142 0.5% 86 0.2% 56
Spain 1 370 0.5% 891 0.3% 479
France 3 260 0.7% 2 203 0.4% 1 057
Croatia 28 0.2% 12 0.1% 16
Italy 3 685 0.9% 1 460 0.4% 2 225
Cyprus 3 0.2% 5 0.1% -3
Latvia 17 0.2% 17 0.1% 0
Lithuania 164 0.7% 16 0.1% 148
Luxembourg 95 0.6% 113 0.5% -18
Hungary 152 0.2% 107 0.1% 45
Malta 37 1.6% 314 6.0% -277
Netherlands* 3 028 0.6% 2 436 0.5% 592
Austria 1 007 0.7% 362 0.3% 646
Poland 1 117 0.6% 216 0.1% 902
Portugal 358 0.7% 72 0.1% 286
Romania 75 0.1% 60 0.1% 15
Slovenia 71 0.2% 32 0.1% 39
Slovakia 166 0.2% 69 0.1% 97
Finland 481 0.9% 486 0.9% -4
Sweden 977 0.8% 407 0.3% 570
United Kingdom 5 257 1.3% 11 994 2.1% -6 737

* See country note.

The source dataset can be found here.


EU international trade in services with Canada and the world

(in € billion)

  2010 2011 2012 2013 2014 2015
EU trade in services with Canada
Exports 14.8 15.7 17.4 17.7 16.5 15.9
Imports 10.0 10.4 11.6 11.7 11.4 12.1
Balance 4.8 5.3 5.8 6.0 5.1 3.8
Total extra-EU trade in services
Exports 569.5 615.3 680.7 719.6 764.9 811.2
Imports 461.6 479.4 517.8 544.1 602.0 660.5
Balance 107.8 135.9 163.0 175.6 162.9 150.7
Canada / Total extra-EU
Exports 2.6% 2.5% 2.6% 2.5% 2.2% 2.0%
Imports 2.2% 2.2% 2.2% 2.1% 1.9% 1.8%

Development of EU exports and imports of services with Canada, 2010-2015

(in € billion)

EU foreign direct investment (FDI) stocks and flows with Canada, 2014

(in € billion)

STOCKS FLOWS
EU FDI stocks in Canada 274.7 EU FDI flows to Canada 23.4
Canadian FDI stocks in the EU 165.9 Canadian FDI flows to the EU 13.9