Manufacturing News
TECH FLASH

Canada sees deterioration in processed food trade balance

Surplus with US and Mexico now a deficit

November 28, 2012
KEYWORDS globalization
/ Print / Reprints /
ShareMore
/ Text Size+

Canada sees deterioration in processed foods trade balance

Canada’s deficit in processed food trade reached $6.3 billion in 2011, according to a report from the Canadian Agri-Food Policy Institute.

The deficit in value-added processed foods has existed for about 20 years, but has ballooned from less than $1 billion in 2004 to the current figure. That increase is partially the result of stalled growth in Canada’s own processed foods exports, which had typically defrayed the deficit’s growth.

The new trends extend from trade with the US and Mexico, where Canada has seen a $2.2 billion surplus in 2004 dwindle to a $1.3 billion deficit in 2011, to all other countries, where a $3.2 billion deficit has increased to $5 billion over that same period.

Food processing is one of Canada’s largest manufacturing sectors, and the recipient of a significant share of Canada’s agricultural output. The deficits associated with processed foods contrast with Canada’s positive trade balances in all other categories of agricultural production, namely commodities.

The report concludes that more research into the causes of the shift in trade balance is necessary, and notes changes in the processed food trade balance mirrors changes in the US-Canada exchange rate.

Did you enjoy this article? Click here to subscribe to Food Engineering Magazine.

Recent Articles by Shane O'Halloran

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Fabulous Food Plant: Paramount Citrus

Learn more about this fabulous food plant in Food Engineering's article, found here.

Podcasts

Burns & McDonnell project manager RJ Hope and senior project engineer Justin Hamilton discuss the distinctions between Food Safety and Food Defense as well as the implications for food manufacturers of the Food Safety Modernization Act.
More Podcasts

What was your favorite part of FA&M 2014?

View Results Poll Archive

THE MAGAZINE

Food Engineering Magazine

Food engineering magazine 2014 april cover

2014 April

Catch a preview of the Powder and Bulk Show in this April 2014 edition of Food Engineering. Also, be sure to check out a coffee stick making a real stir and a major advancement in the the pet food industry.
Table Of Contents Subscribe

THE FOOD ENGINEERING STORE

Food-Authentication-Flyer-(.gif
Food Authentication Using Bioorganic Molecules

This text provides critical tools and data needed to augment routine food analysis and enhance food safety by aiding in the detection of counterfeit, and potentially deleterious, foods.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Food Master

Food Master Cover 2014Food Master 2014 is now available!

 

Where the buying process begins in the food and beverage manufacturing market. 

Visit www.foodmaster.com to learn more.

STAY CONNECTED

FE recent tweets

facebook_40.pngtwitter_40px.pngyoutube_40px.pnglinkedin_40px.png