In 2007, Canada was Missouri’s most important trading partner, purchasing more goods than the state’s next five foreign markets combined. Bilateral trade in merchandise goods continued its upward ascent, reaching $8 billion, a modest increase of 4% from the previous year. Missouri exported $4.9 billion in tangible goods to its northern NAFTA partner and imported $3.1 billion worth. Two-way trade in merchandise amounted to nearly $22 million a day.
Trade in transportation goods continued to dominate the exchange in 2007 as bilateral sales amounted to $3.8 billion. Missouri sales comprised 55% of the state’s total exports to Canada and its purchases accounted for 35% of the state’s total imports. Moreover, Missouri enjoyed a trade surplus surpassing $2.6 billion from its transportation exchanges with Canada.
The partners shared a close and profitable relationship in the trade and manufacture of motor vehicles. Missouri supplied its northern neighbor with $1.2 billion in automobiles and $1.1 billion in trucks. During the same period, the state’s leading transportation imports were motor vehicle parts and engines, valued at $908 million. The partners exchanged a wide range of finished transportation products and commodities, pointing to the high degree of integration of manufacturers on both sides of the border.
The two partners traded $711 million in chemicals and chemical products in 2007. Canadian companies relied on Missouri’s chemical expertise, purchasing $483 million worth and increasing their orders by almost 25% from the previous year. In return, the state bought $228 million worth, including $74 million in synthetic rubber and plastics.
Metals, worth $321 million, represented the state’s second largest import sector. Missouri purchased a variety of Canadian metals, including $118 million in aluminum and alloys and $88 million in metal fabricated basic products.
The state looked to Canada’s vast forests for a wide range of products. Missouri bought $293 million in forest products, its third largest import sector, which accounted for 10% of its total purchases from Canada. The state’s northern NAFTA partner shipped $121 million in softwood lumber, hardwood, shingles and shakes, and veneers to the state’s construction companies. Canada also supplied Missouri publishers and paper manufacturers with $48 million in newsprint and $46 million in wood pulp.
In 2007, Canadians made 118,600 visits to Missouri and spent $49 million experiencing the state’s attractions including the Gateway Arch and Ozark Trail. Similarly, residents of Missouri made 107,000 visits to The World Next Door, contributing $68 million to the Canadian tourism account.
Woodbridge Corporation of Mississauga, ON, employs 150 workers at their plastic foam products plant in Kansas City, MO.
Xentel Inc., a subsidiary of Xentel DM Inc. of Calgary, Alberta, operates three customer contact centres in Missouri in St. Joseph and in St. Louis, employing about 115 workers.
June 2008
