Canada and the World Statistics Hub
The Canada and the World Statistics Hub, which presents data on Canada's economic and financial relationships with the world in a single interactive analytical product, is expanding with the addition of seven trading partners: Australia, Hong Kong, India, Norway, Singapore, South Korea and Switzerland. The Statistics Hub highlights the extent of Canada's transactions with these countries, and provides users with access to important information.
For example, South Korea was among Canada's top 10 trading partners in 2017, with gross imports and exports of goods and services totalling $14.5 billion.
Switzerland was the fifth most-important direct investor in Canada, with investment worth $40.2 billion at the end of 2017.
Australia, Hong Kong and India ranked fifth, sixth and seventh, respectively, in terms of travel spending by their residents in Canada in 2017, before Germany, Mexico and Japan.
Nearly 1,500 Canadian enterprises exported goods to Singapore in 2017 and nearly 3,000 imported goods.
With the addition of these seven trading partners, the Statistics Hub now contains data for 18 countries, including information on Canada's trade relations with all G7 countries.
The Canada and the World Statistics Hub is updated regularly as new data becomes available. By gathering information from a number of Statistics Canada products and presenting the data in a single, easy-to-use interface, the Statistics Hub makes it easier for users to find and analyze the large quantity of information that Statistics Canada publishes related to Canada's economic and financial activity with the world.
Note to readers
Content of the Statistics Hub
The Canada and the World Statistics Hub presents information according to four main subjects: trade, investment, employment and travel. Key indicators are available for each of the topics, including merchandise trade by province, trade in services, trade by enterprise characteristics, foreign direct investment, foreign affiliate statistics and much more. The Statistics Hub also provides links to more detailed data and information about definitions, concepts and methods.
It should be noted that information available for countries other than the United States, while still fairly detailed, is not as comprehensive as the information available for the United States. This is because more detailed data sources are available for measuring Canada's activity with its largest trading partner by far, compared with other countries. For example, a data sharing agreement enables Statistics Canada to obtain very detailed information on Canadian merchandise exports to the United States from the U.S. Census Bureau.
Bilateral trade statistics
In principle, a country's bilateral international accounts should mirror those of its trading partners. In practice, this is rarely the case because countries use different data sources and statistical methods, and may apply international standards differently. The Statistics Hub presents only Canadian data. For the reasons mentioned above, data sourced from foreign statistical agencies or central banks may be slightly different, even though Canada follows international statistical reporting frameworks.
The Canada and the World Statistics Hub (13-609-X) is now available.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
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