In 2007, trade between North Carolina and Canada continued to grow, reaching a record total of $8.6 billion. Canada remained the state’s largest international destination, purchasing more of the state’s exports than the next three largest trading partners (Japan, China and Mexico) combined.
Transportation products represented North Carolina’s largest export sector to Canada in 2007, with the Tar Heel state selling $814 million worth. Personal and household goods accounted for another $620 million in state exports; with sales of equipment, machinery and chemicals, North Carolina’s other leading export sectors. Personal and household goods, including medicine, medical devices and printed materials was the state’s leading import sector from Canada.
Bilateral trade in personal and household goods totaled $1.3 billion in 2007. Canadian consumers purchased $107 million from the state’s famed furniture industry, filling their homes with North Carolina goods. In turn, North Carolinians bought over $68 million in printed materials, toys, games and clothing among other household goods from Canada.
Purolator USA, the small–package and freight forwarding subsidiary of Canada’s largest integrated distribution services company, opened its southeastern processing facility in Morrisville, NC. The new facility includes almost 8,000 square feet, and is in close proximity to Raleigh-Durham International Airport. The fully functional distribution center offers on-the-spot consolidation services, which often means reduced delivery times. This is a key advantage over many competitors, who divert goods to locations hundreds of miles away for consolidation.
In December 2007, the Piedmont Triad Wet Lab LaunchPad officially opened. Stantec, an Edmonton, Alberta–based architecture and engineering firm, led this initiative, sourcing $740,000 in donated labor, materials, equipment and funds. The Wet Lab LaunchPad will provide low–cost laboratory space for new biotech and life science firms in the Piedmont Triad Research Park, with 12–month rotations.
Technology Crops International, a plant biotech company based in Winston–Salem, NC, set up a New Brunswick subsidiary, Natures Crops International. Natures Crops International contracts high value oilseed crops with New Brunswick.
MQ Windows, a Quebec company, opened a new showroom at East Coast Window and Door in Mooresville, NC in October 2007. MQ’s presence in the Carolinas began with a Custom Builders USA event organized by Canadian Mortgage and Housing Corp. and the Canadian Consulate in Raleigh less than two years ago.
A wide variety of Canadian food products are finding success in restaurants and specialty food stores in the Carolinas. Seafood (Dockside Appetizers), pasta & sauces (Solo Mio), chicken (SunChef), maple syrups (Mopure) and snacks (La Petite Bretonne) are all proving a delight to local taste buds.
June 2008
