Here is my latest report on merchandise trade and balances for Canada.

1. P A U L Y O U N G C P A C G A
M A R C H 8 , 2 0 2 2
MERCHANDISE
TRADE – CANADA VS
THE WORLD

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. Agenda
• Monthly change
• Exports and Imports
• Exports by major areas
• Trade deficits and surpluses by major areas
• Trade by key countries
• Nearshoring
• Building a resilient supply chain
• Australia vs Canada

4. Stats Canada - Trade Trade - Canada -
December 2021.pdf
Swinging Back Into
Surplus.pdf

5. Stats Canada - Trade Trade - Canada -
January 2022.pdf

6. Trade – Canada
Source – Stats Canada

7. Trade Analysis – Canada
Source – Stats Canada

8. Trade – Australia vs Canada
er20220203BullTrade
Dec21.pdf

9. Blog – Near Shoring
Blog – Reshoring of Supply Chain – United States – June 7, 2021
According to the report, 83% of North American manufacturers are likely or extremely likely to reshore
production, which is an increase from the 54% of respondents who said they planned to reshore back in March
2020. In particular, the automotive and oil & gas sectors were the most motivated verticals with plans to add
North American suppliers to their supply chains.
Another key takeaway from the Annual Report is that this shift toward reshoring will lead to a massive amount of
economic opportunity in the U.S., with the potential to drive $443 billion in economic value over the next 12
months.
Source - https://www.thomasnet.com/insights/reshoring-could-drive-443-billion-in-u-s-economic-
opportunity/?ecms_id=6122f9c5-7a9a-4ccf-961b-
7540cffc5a29&ecms_short=ART5244&doc_type=ted_video_article&parent_id=a04a1690-9867-4fc7-a523-
2113c6de57a5&utm_content=featuredvideo&linktype=title&channel=email&campaign_type=thomas_industry_update&ca
mpaign_name=tiu210607&utm_campaign=tiu210607&utm_medium=email&utm_source=thomas_industry_update&tinid=2
21763045
Here is my work on supply chain - https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn

10. Supply Chain
Blog - Manufacturing Automation: Technology, automation key to Canadian supply chain survival
Trade wars and nationalism, artificial intelligence and automation all have put pressure on global supply chains. Continuing to add
uncertainty to the mix: the proliferation of misinformation, increasing populism, and a resulting volatile market.
https://www.canadianmanufacturing.com/features/manufacturing-automation-technology-automation-key-to-canadian-
supply-chain-survival/
https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021

11. What is next for Container ships
1. Autonomous ships
2. IoT
3. Blockchain
4. Port automation
5. Digital twins
Source - https://www.thomasnet.com/insights/5-maritime-shipping-trends-that-are-the-wave-of-the-
future/?ecms_id=fa73157e-ea09-4809-95ce-
684f7331a943&ecms_short=ART6523&doc_type=ted_article&sponsored=&acct=&parent_id=989b7bcd-7758-
47df-999c-
5fa679a630fa&utm_content=featuredstory&position=1&linktype=title&channel=email&campaign_type=thoma
s_industry_update&campaign_name=tiu220208&utm_campaign=tiu220208&utm_medium=email&utm_source
=thomas_industry_update&tinid=221763045
My work:
https://www.slideshare.net/paulyoungcga/transportation-sector-analysis-and-commentary-november-2021

12. Energy Crisis
Australia exported 3-13 million tons per month of coal to China in 2020. If China needs 50 million tons per
month that is rapid increase in coal production. It is unclear in China and Australia would be able to ramp to
meet the demand. China is already in a shortage of perhaps 50 million tons per month.
If there is a rapid surge in coal importing to China, there could be overbidding that causes shortages for other
Asian countries. This will also make the supply chain problems even worse.
Prioritizing heating over electricity means more factory shutdowns.
Prioritizing heating coal imports over other supply chain means that the 200 ships waiting to get unloaded get
bumped back at the ports for hundreds of coal ships.
China having coal production problems is tough because building other sources of electricity and heating will
take years. Especially if China wants to get beyond current levels to support 6% per year GDP growth.
https://www.nextbigfuture.com/2021/10/173364.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Fee
d%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
This ties nicely to my work on energy - https://www.linkedin.com/pulse/world-heading-energy-crisis-paul-
young/

13. How to maximize the Natural Resources
Sector for Canada
Commodity prices continue to experience a bull market
Australia seems have done a better job of managing its environment as part of natural resources extraction
process as compared to Canada. Australia ranks 13th as compared to 20th by Canada. Australia has been
running trade surpluses for over 4 years as compared to Canada who has one year of trade surpluses.
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector

14. Australia vs Canada (Trade)
Australia Canada

15. Summary
• Canada exports continue to be led by commodities
Blog – Global Trade and Trade Balances – Canada – January 2022
China And Russia
Make Critical Mineral Grabs in Africa While the U.S. Snoozes.pdf
War in Ukraine
threatens food supply - Supply Professional.pdf
China Manufacturing
PMI 2011-2022.pdf
Qatar-Australia trade
volume reaches QR5.5bn in 2021 Envoy.pdf
Agenda for change
making the most of Australia’s free-trade deals The Strategist.pdf
Free Article Limit
Reached - The Northern Miner.pdf
China Scrambles To
Ensure Energy Security As Commodities Soar OilPrice.com.pdf
Climate mitigation
measures could impact food security.pdf
Stagflation, like worst
of pandemic, is avoidable Reuters.pdf
Column Global
recession risks rise after Russia invades Ukraine BOE Report.pdf
What Happens if the
U.S. Cuts off Russia From the World Trade Organization .pdf
Minister Ng
announces upcoming trip to India to strengthen Canada-India trade relations - Canada.ca.pdf
Trade - Canada -
January 2022.pdf
Swinging Back Into
Surplus.pdf
Canada Records
C$2.62 Billion Goods-Trade Surplus in January -- Update - MarketWatch.pdf
Summary:
Higher prices for commodities should enable Canada to register large nominal trade surpluses for the
months ahead, said economists at CIBC Capital Markets. However, the firm added, the conflict in
Ukraine could also further upend supply-chain constraints that impede two-way trade volumes.
Source - https://www.marketwatch.com/story/canada-records-c-2-62-billion-goods-trade-surplus-in-
january-update-271646748293?mod=newsviewer_click
1. Food Supply - https://www.supplypro.ca/war-in-ukraine-threatens-food-supply/
2. Russia and China continue to expand in areas like critical metals -
https://www.forbes.com/sites/arielcohen/2022/01/13/china-and-russia-make-critical-mineral-
grabs-in-africa-while-the-us-snoozes/?sh=176ede0c6dc4
3. China PMI - https://www.fxempire.com/macro/china/manufacturing-pmi
4. Australia - https://www.gulf-times.com/story/711212/Qatar-Australia-trade-volume-reaches-
QR5-5bn-in-2021-Envoy
5. Australia - https://www.aspistrategist.org.au/agenda-for-change-making-the-most-of-australias-
free-trade-deals/
6. Critical metals - https://www.northernminer.com/subscribe-login/?id=1003839468
7. Energy security - https://oilprice.com/Latest-Energy-News/World-News/China-Scrambles-To-
Ensure-Energy-Security-As-Commodities-Soar.html
8. Food security - https://phys.org/news/2022-03-climate-mitigation-impact-food.html
9. Stagflation - https://www.reuters.com/breakingviews/stagflation-like-worst-pandemic-is-
avoidable-2022-03-07/
10. Global recession - https://boereport.com/2022/03/07/column-global-recession-risks-rise-after-
russia-invades-ukraine/
11. WTO - https://www.newsweek.com/what-happens-if-us-cuts-off-russia-world-trade-
organization-1685721

16. Other Sources
• If you like to learn
more about trade
and/or other
subjects as part of
your professional
learning and
development, then
feel free to review
my material on
https://www.udem
y.com/ (search Paul
Young CPA CGA