Canada–Thailand
Publication No. 2012-54-E
20 August 2012
Alexandre Gauthier*
International Affairs, Trade and Finance Division
Parliamentary Information and Research Service
Canada–Thailand
(Trade and Investment Series)
HTML and PDF versions of this publication are available on IntraParl
(the parliamentary intranet) and on the Parliament of Canada website.
Ce document est également publié en français.
The Library of Parliament Trade and Investment series provides information on
Canada’s trade and investment relationship with selected countries. Particular
attention is paid to bilateral merchandise trade, trade in services, and foreign
investment. These publications are prepared by the Parliamentary Information and
Research Service, which carries out research for and provides information and
analysis to parliamentarians and Senate and House of Commons committees and
parliamentary associations.
*
Katie Meredith, formerly of the Library of Parliament, contributed to the preparation of this
document.
Publication No. 2012-54-E
Ottawa, Canada, Library of Parliament (2012)
CONTENTS
MERCHANDISE TRADE.................................................................................................................. 1
PRODUCTS ..................................................................................................................................... 2
SERVICES AND INVESTMENT ...................................................................................................... 3
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PUBLICATION NO. 2012-54-E
CANADA–THAILAND
Merchandise Trade
Figure 1
Merchandise Trade
In 2011, Canada–Thailand merchandise trade
totalled $3.5 billion, comprised of $839.2 million
in Canadian exports to, and $2.7 billion in imports
from, Thailand.
$ billions
Balance
Exports
Imports
3
2
The value of Canada’s exports to Thailand
increased by 28.7% between 2010 and 2011,
while the value of Canada’s imports from the
country grew by 11.0%.
1
0
-1
Thailand was Canada’s 25th largest export
destination worldwide in 2011. In that year, it was
Canada’s 19th largest source of imports globally.
-2
1991
Over the 2006 to 2011 period, the value of
Canada’s exports to Thailand grew at an average
annual rate of 9.1%, compared to 0.3% worldwide.
The value of Canada’s exports to the country as
a share of the value of Canada’s total exports
increased from 0.1% in 2006 to 0.2% in 2011.
1994
1997
2000
2003
2006
2009
Figure 2
Importance to Canada
Average yearly growth (%):
2006–2011
The value of Canada’s imports from Thailand
increased at an average annual rate of 3.5%
over the 2006 to 2011 period, compared to 2.4%
worldwide. The value of Canada’s imports from the
country as a share of the value of Canada’s total
imports in 2011 was, as in 2006, 0.6%.
Thailand
Share of total trade (%):
World
Exports
9.1
10.00
9.00
8.00
7.00
6.00
5.00
4.00
3.00
2.00
1.00
0.00
At the provincial/territorial level, Ontario and
Saskatchewan together accounted for 48.3% of
the value of Canada’s exports to Thailand in 2011,
with exports valued at $216.8 million and
$188.5 million respectively.
3.5
2.4
0.2
0.3
Exp.
Imp.
1996
0.6
0.6
0.5
0.4
Imports
0.2
0.1
0.1
2001
2006
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
2011
Figure 3
Exports by
Province/Territory – 2011
Over the 2006 to 2011 period, the fastest-growing
provincial/territorial exporters to Thailand were
New Brunswick, Saskatchewan and Prince Edward
Island, with average annual growth rates of 32.1%,
17.3% and 15.9% respectively.
Atlantic
10.8%
Manitoba
6.1%
Territories
0.0%
Ontario
25.8%
Sask.
22.5%
Alberta
10.3%
B.C.
14.0%
Quebec
10.5%
All figures were prepared using 2011 data, based on Statistics Canada annual figures released in spring 2012.
The merchandise trade data are customs-based; the services trade and foreign direct investment data are balance of payments-based.
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PUBLICATION NO. 2012-54-E
CANADA–THAILAND
Products
Figure 4
In 2011, manufactured goods accounted for 58.2%
of the value of Canada’s exports to Thailand, with
resource-based goods representing the remaining
41.8%. This composition had changed relatively
significantly since 2006, when manufactured goods
and resource-based goods accounted for 84.7%
and 15.3% respectively of the value of Canada’s
exports to the country.
Major Export Products – 2011
$ millions
Wood pulp, scrap paper
Cereals
Fertilizers
Electr., electron., etc.
Prec. metals, jewellery, coins
Canada’s highest-valued exports to Thailand
in 2011 were wheat, fertilizers and gold,
which together accounted for 35.7% of the value
of Canada’s exports to the country. The value of
Canadian wheat, fertilizer and gold exports to
Thailand increased from $31.2 million,
$28.4 million and $1.5 million respectively in 2006
to $118.0 million, $115.8 million and $66.0 million
respectively in 2011.
2006
Machinery and equipment
2011
Nickel, articles thereof
0
50
100
150
Figure 5
Major Import Products – 2011
$ millions
In 2011, as in 2006, manufactured goods
represented 99.1% of the value of Canada’s
imports from Thailand, with resource-based goods
accounting for the remaining 0.9%.
Electr., electron., etc.
Machinery and equipment
Prepared meat, fish, etc.
Rubber, articles thereof
Canada’s highest-valued imports from Thailand
in 2011 were telephone sets, data processing
machines and rubber, which together accounted
for 26.1% of the value of Canada’s imports from
the country. The value of Canadian telephone set
and rubber imports from the country increased
from $287.0 million and $70.9 million respectively
in 2006 to $363.7 million and $157.5 million
respectively in 2011. The value of Canadian
imports of data processing machines from
Thailand declined from $292.5 million in 2006
to $177.5 million in 2011.
Fish, seafood
2006
Prec. metals, jewellery, coins
2011
Cereals
Specialized instruments
0
200
400
600
800
Figure 6
Balance by Category – 2011
$ millions
In 2011, Canada had a trade deficit with Thailand
in nearly all product categories; it had a trade
surplus with the country in the “other” product
category.
Agriculture and food
2006
Metals, mines, energy
2011
Clothing, textiles, etc.
Machinery and equipment
Transportation equipment
Other manufactured goods
Other
-1,000
-500
0
500
All figures were prepared using 2011 data, based on Statistics Canada annual figures released in spring 2012.
The merchandise trade data are customs-based; the services trade and foreign direct investment data are balance of payments-based.
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PUBLICATION NO. 2012-54-E
CANADA–THAILAND
Services and Investment
Figure 7
In 2009, the most recent year for which data are
available, Canada–Thailand services trade totalled
$249.0 million, comprised of $84.0 million in
Canadian exports to, and $165.0 million in imports
from, Thailand.
Services Trade
$ millions
Balance
Exports
Imports
200
150
100
The value of Canada’s services exports to
Thailand remained consistent from 2008 to 2009,
while the value of Canada’s services imports from
the country declined by 7.8%.
50
0
-50
-100
In 2009, Canada’s services trade deficit with
Thailand was mainly the result of trade in travel
services; Canada imported $127.0 million in travel
services from, and exported $39.0 million in such
services to, the country. In that year, Canada
also had a trade deficit in transportation and
government services. It had a trade surplus
with Thailand in commercial services.
-150
1990
1993
1996
1999
2002
2005
2008
Figure 8
Services Trade by Type – 2009
$ millions
The stock of Canadian direct investment in Thailand
totalled $669.0 million in 2011, making it Canada’s
37th largest destination for foreign investment
abroad. Canadian direct investment in the country
decreased by 2.8% between 2010 and 2011.
Exports
Transportation and
government
Imports
Commercial
Data on Thai investment in Canada are not
available.
Travel
0
20
40
60
80
100 120 140
Figure 9
Foreign Direct Investment
$ millions
1,400
Canadian investment in
Thailand
1,200
1,000
800
600
400
200
0
1991
1994
1997
2000
2003
2006
2009
All figures were prepared using 2011 data, based on Statistics Canada annual figures released in spring 2012.
The merchandise trade data are customs-based; the services trade and foreign direct investment data are balance of payments-based.
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PUBLICATION NO. 2012-54-E