Canada's Merchandise Trade with the European Union: 1995 to 2004 - ARCHIVED

While two way trade between Canada and the EU accounted for 8% of Canada's total trade in 2004, the same as a decade earlier, Canada has seen its trade balance with the EU move ever further into a deficit position. Canadian imports from the EU have increased at twice the annual rate of our exports to the EU since 1995. The increase in imports of pharmaceuticals and the exports of diamonds have had the biggest impact on trade between Canada and the EU during this period.