Dominican exports to Canada fall
SANTO DOMINGO.- Dominican exports to Canada fell last year by 5.0% to 114 million Canadian dollars. However, imports from Canada grew by 12.4 percent to 163 million Canadian dollars. As a result, total two-way trade grew by 4.5% to 277 million Canadian dollars, according to an analysis by Latin Business Chronicle based on data from Statistics Canada.
Mexico is Canada's top trading partner in Latin America, followed by Brazil and Peru. Within the DR-CAFTA trade bloc, Costa Rica is Canada's top partner, followed by Guatemala. Canada's trade with the DR-CAFTA countries grew last year, except with Honduras.
All in all, Canada's trade with Latin America reached 39.2 billion Canadian dollars (approximately US$36.9 billion), last year, an increase of 10.8 percent. Canada's exports grew by 20.6 percent to 10.2 billion Canadian dollars, while imports from Latin America expanded by 7.7 percent to 29.1 billion Canadian dollars, according to Latin Business Chronicle.