Canada-China Trade Rebounded
The data from Statistics Canada for goods (merchandise) trade with China shows that the trade between the two countries throughout the second quarter of 2021 reached above pre-pandemic levels.
Canadian exports to China rose by 23.2% in the first six months of 2021, as compared with the first six months of previous year. In the meantime, Canadian imports from China increase by 18.74% as compared to the first six months of 2020.
The nature of Canada's trade with China is changing as China is becoming the hub of a regional supply chain network.