Exports and imports of goods and services with the world totalled $880.5 billion in 2001, or an average of $2.4 billion per day. 

About $42.8 billion in new direct investment flowed into Canada in 2001, bringing the stock of foreign direct investment in Canada to $320.9 billion, up 6.2 percent from 2000.

With US $381 billion in two-way merchandise trade with the United States (63.4 percent higher than Mexico-U.S. trade), Canada is solidly entrenched as the U.S.'s number one trading partner.

Canada's new economy industries played a greater role in our overall trade success. Knowledge-based categories posted their strongest growth in recent years, representing 50 percent of total exports of services in 2001.

Canada is currently promoting trade with a variety of countries, including India, China and Mexico through trade missions, and Costa Rica and Singapore through new trade
agreements."  Building a new and strengthened partnership with Africa is a key priority for the G8 Summit that Canada will be hosting in June. 

Exports of goods and services remained resilient, declining by 2.1 percent to $467.6 billion in 2001, after increasing by 14.6 percent to a record high in 2000. 

Imports of goods and services amounted to $412.9 billion in 2001, down 2.9 percent from 2000.

Since 1994, Canada's exports of resources and related commodities have represented less than half of annual trade in merchandise. Canada's dependence on trade in commodities and other resource products has declined sharply in the last decade.