OTTAWA, Nov. 8 (Xinhua) -- Canada's exports to China
surged by 43 percent in the first part of 2007, pushing China into a tie with
Japan as the country's third-largest export market, national agency Statistics
Canada said Thursday.
Canada's exports to China nearly doubled to 8 billion
Canadian dollars (8.8 billion U.S. dollars) in 2006 from 4 billion Canadian
dollars (4.4 billion U.S. dollars) in 2002. In the first seven months of 2007,
they soared 43 percent over the same period one year ago, the largest gain by
any of the G-7 countries, the report said.
Although Canada still imports far more from China
than it exports, 21.7 billion Canadian dollars (23.9 billion U.S. dollars)as of
July, 2007 compared to 5.5 billion Canadian dollars (6.1 billion U.S. dollars),
export growth has outpaced imports by a wide margin this year, said the report.
China is expanding its manufacturing base and
undertaking massive infrastructure projects in recent years, which helped pushup
the country's demand for Canada's metals, potash, canola and industrial goods in
recent years, said the report.
The report noticed that Canadian trade has
diversified in recent years, with now 24 percent of Canadian exports headed for
non-U.S. countries, up from 16 percent five years ago.
Canada's sources of imports also have shifted, with a
record-high 35 percent coming from countries other than the United States in
2007, up from 25 percent in 2002. More than half of that increase is
attributable to China.
Meanwhile, China is now Canada's second largest
consumer of crude oil. Canadian crude oil shipments to China topped 150 million
Canadian dollars (165 million U.S. dollars) in the first seven months of 2007.
Canada's second-largest export market is the European