comparative advantage china vs canada
Does China have a comparative advantage over Canada?
This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more China has comparative advantage over Canada. Similarly, the more yellow a dot/product is, the more Canada has comparative advantage over China.
How do I find the comparative advantage of exported products?
The revealed comparative advantage of exported products are indicated in the plot for all product groups which have an RCA greater than 1. The product group name, RCA value and export level are readily made visible in the plot center and in the right panel by placing the mouse cursor over any product.
How did Canada trade with China in 2021?
During 2021, Canada had a large net trade with China in the exports of Mineral Products ($6.55B), Vegetable Products ($4.13B), and Paper Goods ($2.76B). During 2021, China had a large net trade with Canada in the exports of Machines ($20.7B), Miscellaneous ($7.85B), and Metals ($6.22B).
How many people are in China compared to Canada?
Canada has a population of about 36 million people, while China has a population of over 1.4 billion people. This makes China the most populous country in the world. China also has a much higher population density than Canada does. There are over 175 people per square kilometre in China, compared to just 5 people per square kilometre in Canada.
Summary
China is Canada’s second most important bilateral commercial partner (or third with the EU-27 is counted as a whole). Canada’s imports from and exports to China are diverse by product, and the comp
Introduction
There have been many studies that examine the Canada-U.S. trade relationship; this is deservedly so as the U.S. is Canada’s dominant trading partner. In 2018, the minister of international trade diversification announced a target to increase overseas exports by 50% by 2025.Footnote 1China is the world’s second largest economy and is the second most
Trade and Investment
Since its ascension into the World Trade Organization (WTO) in 2001, Canada’s trade with China has grown faster than Canada’s trade with any other principal trading partner. Despite a downturn in goods exports in 2019, bilateral goods trade has grown at a rate of 11% per-year, and services trade has grown at a rate of 12% per-year.Footnote 2,Footno
Supply Chains and Potential Vulnerabilities
Limited Supply Products China is the dominant supplier for many goods traded globally—China is the dominant supplier in the world for every 1 in 12 traded products at the HS-6 level.Footnote 27 Many of which are electrical products, inorganic chemicals, and textiles.Footnote 28 The HS-6 level has 5,428 products; in 2018, China exported 5000 products, and had a share greater than 50% in 448 products.Footnote 29There is nothing special about the 50% threshold; China has 10% of the market share in 2,615 products—about
Supply and Use Analysis
This section looks at the uses of Chinese imports in the Canadian economy to examine Canada’s reliance on Chinese inputs in domestic production. There are a few dimensions for analyzing Canada’s reliance on a foreign country. For a given value of imports, there could be many industries that use low content (large extensive margin and small intensiv
Exports
While most of this analysis has focused on the importance of China due to the imports they provide, China is thesecond largest consumer market after only the United States and is thus a large export market for Canada. Perhaps the biggest benefit that exports provide to an economy is they allow for productive firms to produce more than they would ha
Conclusion
This study has explored Canada’s evolving and complex commercial relationship with China. China is Canada’s second largest bilateral trading partner and the economies are thoroughly interconnected. Canadian imports and exports with China are diverse, and are at roughly the same level of complexity. While two-way investment flows have grown consider
References
Agarwal, Isha, Grace Weishi Gu, and Eswar S Prasad. China’s impact on global financial markets. Technical report. National Bureau of Economic Research, 2019.Alvaredo, Facundo, Lucas Chancel, Thomas Piketty, Emmanuel Saez, and Gabriel Zucman. World inequality report 2018. Belknap Press, 2018Chan, Chris King‐Chi, and Khalid Nadvi. "Changing labour regulations and labour standards in China: Retrospect and challenges." International Labour Review 153, no. 4 (2014): 513-534.Chor, Davin, Kalina Manova, and Zhihong Yu. Growing Like China: Firm Performance and Global Production Line Position. No. w27795. National Bureau of Economic Research, 2020. international.gc.ca
Appendix
The complexity, or income level, of the goods traded was calculated in the way suggested by the paper “what you export matters”.Footnote 38This appendix will provide a brief summary of their method. Let countries be indexed by j, and goods be indexed by l. The exports of country j are thus: Next the productivity (i.e. complexity) associated with ea
Graphical Appendix
Data: Statistics Canada Balance of Payments Last Observation: 2019 Source: Office of the Chief Economist, Global Affairs Canada *Clocks, Watches, and Specialized Instrumentation Data: Statistics Canada retrieved through Trade Data Online Date: 2019 Source: Office of the Chief Economist Data: Statistics Canada retrieved through Global Trade Atlas Da
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Canada-China Economic Complementarities Study
past China's economic integration in global production networks was largely driven by its comparative advantage in labour intensive goods. And while this |
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Understanding Chinas Long-Run Growth Process and Its
hand China's growth is likely to increase the demand for the skill-intensive goods and commodities in which. Canada has a comparative advantage. Canadian |
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The Growth of Chinas Services Sector and Associated Trade
organization in Canada and has 501(c)(3) status in the the comparative advantages enjoyed by China in the tourism and construction service sectors are ... |
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The Comparative Advantage of Crude Oil in the Top 10 Oil
advantage in producing crude oil while countries like Brazil |
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Analysing International Trade Patterns: Comparative Advantage for
Results show that in the last decade Canada |
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THE FUTURE OF CANADIAN MANUFACTURING: SEARCHING
Canadian manufacturers will need to recognize and stay ahead of these trends to win competitive advantage. A framework for discussing strategies for competitive |
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Comparing Popularity of Testing Careers among Canadian
advantages and drawbacks indicated by all respondents. TABLE I. PROBABILITIES OF STUDENTS TAKING UP TESTING. CAREERS. Responses (254). Canada (85). China |
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Canada and U.S. Outward FDI and Exports: Are China and India
parts of the world such as China and India and the areas in which Canadians have comparative advantage. For example |
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Canadas Performance in the Emerging Markets
China (BRIC) champions of the emerging world. Brazil |
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Doing business in China and India: A comparative approach
This could provide foreign family-run companies with an advantage when dealing with local businesses with similar concerns. However the family-based nature of |
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Canada-China Economic Complementarities Study
trading relationship, Canada-China trade and investment relations can be in global production networks was largely driven by its comparative advantage |
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Comparative Advantage and the Gains from - Pearson Canada
Despite remaining a country with relatively poor regions, China is also one of the world's largest economies Figure 7 1 Canadian Imports and Exports as a |
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The Impact on Canada of the Rise of the Chinese Economy: Good
that China is now Canada's second most important trading partner after the volume of these goods due to the low cost and competitive advantage China |
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The Future of Canadas Relationship with China - test
Canada engage China more effectively, and they provide a comprehensive, imports of energy and natural resources and Canada's comparative advantage in |
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Dynamics of Chinese Comparative Advantage - CORE
trade flows, the impact for the measured comparative advantage of China is limited The data were first compiled by Statistics Canada and made available |
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Dynamics of Chinese Comparative Advantage - RePub, Erasmus
trade flows, the impact for the measured comparative advantage of China is limited The data were first compiled by Statistics Canada and made available |
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The Slowdown in Global Trade - Bank of Canada
gration of emerging markets like India and China into the global economy ants of comparative advantage 13 The export of aircraft to finance the import |
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Comparative Competitiveness of Canadian and American Industries
With this huge advantage, Canadian producers saw their exports skyrocket China, although the latter is Canada's second-largest trading partner GRAPH 3 |
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