According to China's Customs, the bilateral trade volume between China and Canada in 2005 reached US$19.17 billion, up by 23.5 percent, among which China's export to Canada was US$11.65 billion, up 42.8 percent, while China's import from Canada was US$7.51 billion, up 2.2 percent. China had a surplus of US$4.14 billion. China mainly exported electromechanical products, electrical appliances, clothing and accessories, furniture, iron and steel products, toys, plastics and products thereof, automotive vehicles and components thereof, footwear, etc. Major imported products of China from Canada included fertilizers, paper pulp, iron ore, cereals and cereal powders, nickel and products thereof, plastics and products thereof, etc.
According to the Ministry of Commerce (hereinafter referred to as MOFCOM), the turnover of engineering contracts completed by the Chinese companies in Canada reached US$23.88 million in 2005, and the volume of the newly signed contracts was US$18.88 million. The volume of completed labour service cooperation contracts was US$0.72 million, and that of the newly signed labour service cooperation contracts was US$2.29 million. By the end of 2005, the accumulated turnover of engineering contracts completed by the Chinese companies in Canada was US$110 million, with that of all the contracts signed reaching US$120 million, and the volume of the completed labour service contracts reached US$39.62 million, with that of the total contracts signed reaching US$77.71 million.
According to MOFCOM, 21 Chinese-funded non- financial enterprises were set up in Canada in 2005, with a contractual investment of US$51.09 million from Chinese investors. By the end of 2005, there were accumulatively 194 Chinese-funded enterprises in Canada with a total contractual investment of US$520 million from Chinese investors.
According to MOFCOM, Canadian investors invested in 964 projects in China in 2005, with a contractual volume of US$2.72 billion and an actual utilization of US$450 million. By the end of 2005, Canada investors had accumulatively invested in 8,900 FDI projects in China with a contractual volume of US$16.96 billion and an actual utilization volume of US$4.98 billion.
