Question
Consider Canada and the countries/economies it trades with the most in the following government report: Canada's State of Trade 2020, Table 1.2. Calculate the trade
Consider Canada and the countries/economies it trades with the most in the following government report: Canada's State of Trade 2020, Table 1.2. Calculate the trade shares based on :1. Exports 2. Imports 3. Exports + Imports. Compare the above information with the data about Canada's Top 10 export and import countries we have seen in class today: International Business Center, Michigan State University. Briefly describe what you observe from the two data sources about the top trade partners of Canada and its trade volumes with them. Are the two data sources consistent with each other? What are the differences between the two? Can you provide a reasonable explanation about the differences or inconsistencies if you observe any? TableState of trade 2020 (international.gc.ca) Data: Canada: Trade Statistics >> globalEDGE: Your source for Global Business Knowledge (msu.edu)
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