OTTAWA, June 7, 2012 /CNW/ - A national survey of Canadian exporters
suggests that new, previously untapped markets will play an important
part of their growth strategy over the next two years.
The Trade Confidence Index, a bi-annual survey by Export Development
Canada (EDC), asked Canadian exporters about recent and future plans to
enter new export markets.
Fifty-six per cent of Canadian exporters have planned to expand into a
new market or markets within the next two years.
One in three Canadian exporters entered into new markets over the past
"We are seeing stronger market diversification in Canada's trade
numbers, but what we're hearing from exporters suggests that it's a
trend that's about to pick up steam," said Peter Hall, Chief Economist,
"Then suppose the trend caught on in a big way, pushing sales to
emerging markets up by just 3 per cent more each year. In this
scenario, emerging markets would account for 50 per cent of Canada's
total merchandise trade by 2025, and annual export growth would be 3.5
times the current pace. A pretty radical shift."
The Trade Confidence Index survey report will be released on Friday.
EDC is Canada's export credit agency, offering innovative commercial
solutions to help Canadian exporters and investors expand their
international business. EDC's knowledge and partnerships are used by
more than 7,700 Canadian companies and their global customers in up to
200 markets worldwide each year. EDC is financially self-sustaining and
a recognized leader in financial reporting and economic analysis.
SOURCE Export Development Canada
For further information:
Export Development Canada
Tel: (613) 598-2904