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Highlights
- Canada's trade deficit with the EU stood at $19.3 billion in 2004, down only slightly from a record high of $21.5 billion in 2002.
- Of Canada's major trade partners, only imports from China have grown at a faster pace than the EU since 1995.
- Two way trade between Canada and the EU represents 8% of Canada's total trade in 2004, the same as it did a decade earlier.
- Canada imported $8.5 billion worth of pharmaceuticals from the EU in 2004. This represents almost half of our total pharmaceutical imports for that year.
- Diamonds have emerged as Canada's biggest export to the EU, reaching just over $3.2 billion in 2004.
- The value of wood pulp exports from Canada to the EU has declined by more than half since 1995, to $1.3 billion in 2004.
- Nova Scotia relied on the EU for 11% of its total exports in 2004, highest among the provinces.
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