In June, Canada's merchandise exports increased 2.0%, mostly on crude oil and gold exports. Meanwhile, imports rose 1.7%, mainly on energy products. As a result, Canada's merchandise trade surplus with the world widened from $4.8 billion in May to $5.0 billion in June. Consult the "International trade monthly interactive dashboard" to explore the most recent results of Canada's international trade in an interactive format. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220804/dq220804a-eng.htm

1. P A U L Y O U N G C P A C G A
A U G U S T 4 , 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 BMO Trade.pdf
Trade - Canada -
June 2022.pdf

5. Stats Canada - Trade

6. Stats Canada - Trade

7. Stats Canada - Trade

8. Stats Canada - Trade

9. Trade – Australia vs Canada
er20220203BullTrade
Dec21.pdf worldtrade.pdf
• Canada had 5B+ trade surplus also led by energy. Australia trade surplus is $16B

10. 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

11. 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

12. 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

13. 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/

14. 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

15. Australia vs Canada (Trade)
Australia Canada

16. Summary
• Canada exports continue to be led by commodities
Blog – Trade – Canada – Analysis and Commentary – June 2022
Trade - Canada -
June 2022.pdf
Canada’s Trade
Surplus Widens to 14-Year High on Oil Shipments - Bloomberg.pdf
Business councils ask
federal government to ink trade agreement with India Canada's National Observer News & Analysis.pdf
Canadian Goods
Trade Surplus Rises to C$5.05 Billion - MarketWatch.pdf
https://www.nationalobserver.com/2022/08/04/news/business-councils-ask-federal-government-ink-
trade-agreement-india
In June, Canada's merchandise exports increased 2.0%, mostly on
crude oil and gold exports. Meanwhile, imports rose 1.7%, mainly on
energy products. As a result, Canada's merchandise trade surplus
with the world widened from $4.8 billion in May to $5.0 billion in June.
Consult the "International trade monthly interactive dashboard" to
explore the most recent results of Canada's international trade in an
interactive format.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220804/dq220804a-eng.htm or
Interview RBC's Ryan
Riese appraises Canada's agricultural outlook - Fastmarkets.pdf
‘It’s shocking’ Sask.
farmers react to federal government’s proposed cutdown on fertilizer emissions - Saskatoon Globalnews.ca.pdf
SM Line ups capacity
on North American west coast service - Container News.pdf
Prince Rupert Port to
double capacity B.C. Tugboat Magazine.pdf
Cenovus Chief Urges
Less Aggressive Canada GHG Targets for Natural Gas, Oil Producers - Natural Gas Intelligence.pdf
petroprodrig.pdf
OPEC-Plus Dashes
Biden’s Production Hike Hopes; U.S. Output Holds Even - Natural Gas Intelligence.pdf
Toyota Panasonic
Buying US Lithium, Boosts EV Capacity.pdf
Most lumber prices
flat as benchmark items rise Madison's - Wood Business.pdf
Canada’s mining,
quarrying and oil and gas extraction edges down 0.1_ in May - StatCan Kitco News.pdf
What’s going on with
Ontario’s Ring of Fire The Narwhal.pdf
Aurora Hydrogen
Raises $10M to Develop Emission-Free, Low-Cost Hydrogen Technology.pdf
Benz Mining drills
high-grade lithium at Ruby Hill West - Canadian Mining Journal.pdf
10 Best Canadian
Lithium ETFs (Aug 2022) Invest in Battery Power.pdf
As Russia strangles
gas flow, Canada has ‘responsibility’ to step up on LNG Freeland - National Globalnews.ca.pdf
Canadian
manufacturing index shows continuing growth but at 25-month low Industry Update.pdf
b
1. Oil production - https://www.naturalgasintel.com/cenovus-chief-urges-less-aggressive-canada-
ghg-targets-for-natural-gas-oil-producers/

17. 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