16 February 2006

Canada's Trade Surplus

According to a story on globeandmail.com, Canada is running a beer trade surplus with the United States.

Canada's beer trade surplus with the U.S. hit $265-million in 2003 — the most recent annual figures available — a near $43-million increase from 1999.

Beer exports to the United States rose after the Canada-US Free Trade Agreeement was enacted, reaching $270-million by 1994. The export activity to the US peaked in 2001 at $367-million and slipped to $323-million by 2003.

Statscan said the increase in Canadian beer exports have far exceeded the slight rise in American beer imported to Canada, resulting in the beer trade surplus.

The surplus was steady during the 1990s at about $224 million, but has increased 19.2 per cent since 1999.

Canada is the third biggest beer exporter to the U.S. behind Mexico and the Netherlands.

posted by hiikeeba at 08:29


Blogger Benhamtroll said...

You know, I can't help but think "that's an awful lot of mediocre beer!"

3:46 PM  
Blogger hiikeeba said...

It's the allure of "imported" beer! In Australia, for example, the hold Fosters in the same esteem we hold Bud or Miller beer. But in the US, we love it!

4:11 PM  
Blogger Benhamtroll said...

I don't get that, either. Fosters is pretty poor, in my opinion.

Give me a bottle of homebrew or a Deschutes or Full Sail any day!

5:44 PM  

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