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China

Nominal GDP (2007)
USD 3,241.8 billion

Population (2007)
1,321.3 million

Total Trade / GDP
65.3%

Currency
Yuan (Renminbi)

Merchandise Imports from Canada (Jan-Aug 2008)
CAD 6,8390 million (+14.8%)

Main imports
Industrial Machinery (21%)
Textiles (9%)

+ more

 

EDC in China 2008 (excluding Taiwan, Macao & Hong Kong)

Canadian companies assisted
315

International buyers insured
628

Business volume (CAD$)
2,641.9 B

Country Information

China

China consistently ranks as one of Canada’s top five export destinations.  The country’s strong economic growth continues to offer extensive opportunities for Canadian export businesses and investors. China is the base of manufacturing operations for many Canadian companies that have incorporated the advantages of China’s low cost of production into their global supply chains. However, in a market experiencing rapid evolution, there are potential credit, regulatory and CSR risks that must be mitigated wherever possible.

EDC's Position

  • Actively seeking new business
  • Open under all programs, subject to EDC's regular approval criteria

Canada’s strengths in natural resources, agricultural, information and communication technologies, educational services, automotive and environmental technologies make China a natural business partner to explore.  In addition to these sectors, EDC will look at transactions in any sector in which Canadian companies have found opportunities.

With representations in Beijing and Shanghai covering Greater China, EDC provides on-the-ground support to Canadian companies doing business in China. EDC’s regional representatives have developed strong relationships with major local clients and have created an extensive network of local contacts. EDC is well positioned to help Canadian companies finance and manage credit risk associated with sales to Chinese buyers, and to support Canadian Direct Investment Abroad and Canadian affiliate operations in China.


Exporting to China

A Guide for Canadian Businesses. Register to download a free copy.


Contact EDC
  • 1-888-332-7844+
  • asia@edc.ca

  • EDC Representatives
    in China
Are You a Canadian Exporter or Investor?
We can help you...
  • Manage your receivables
  • Access more working capital
  • Grow your international sales
  • Research potential customers
Are You an International Buyer?
We can help you...
  • Purchase Canadian goods and services through a direct loan
  • Secure additional financing through financial institutions
  • Access new or existing lines of credit
Top Ten Potential Sectors from EDC’s Trade Opportunities Matrix
RankingChinaActual Canadian Exports to China 2008 (CAD$)Canada's Share of China Imports (%) (1)Domestic Market Growth Forecast 2009 (%)Domestic Market Growth Forecast 2010 (%)
1ISIC 351 - Industrial Chemicals China1,437,667,9911.513.933
2ISIC 372 - Non-Ferrous Metals China1,039,955,4572.4275.133.6
3ISIC 341 - Paper & Products China1,307,055,8689.2423.738.2
4ISIC 23 & 29 - Metals, ores, non-matallic minerals China1,187,652,5711.7825.345.9
5ISIC 323 - Leather & Products China1,526,9500.017.248.3
6ISIC 3844 - Motorcycles & Bicycles China1,309,2710.091424.9
7ISIC 1 - Agriculture, Hunting, Forestry, Fishing China1,126,025,7561.6425.329.6
8ISIC 321 - Textiles China16,900,5070.0626.529.8
9ISIC 383 - Electrical & Electronic Products China214,783,0070.1412.322.1
10ISIC 3825 - Office & Computing Machinery China67,529,5310.0812.925.7
Where does this information come from?
The information displayed in this table is extracted from the Trade Opportunities Matrix (TOM), an EDC tool used to rank opportunities based on a range of economic, financial and industry-specific criteria. It is important keep in mind that the TOM rankings refer to potential export opportunities, which may not reflect actual Canadian exports.
  • TOM is an empirically-based tool that provides an objective and forward-looking analysis of the most attractive markets for Canadian exporters.
  • Using up-to-date economic and financial criteria, TOM ranks Canadian export opportunities in 44 industries, across 69 countries.
  • TOM provides an objective starting point for export market research, which can be used to complement in-depth industry analysis and sector-specific knowledge.
Please refer to the TOM background paper for additional details.
Related Documents
1. 2010/06 - China Country Overview (PDF Format)
2. 2008/08/13 - China: Attacks in northwest are atypical and reflect opportunism of militants, but do not pose a major threat to China’s political stability or security - EDC
3. EDC posts equity manager in China - EDC
4. EDC provides USD 30 million in financing to China Gas Holdings - EDC
5. Introductory remarks for a panel discussion on: China-Canada investment - EDC
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