In 2007, for the third straight year, Canada was Oklahoma’s most important trading partner. The state exported 36% of its outbound goods to its northern NAFTA partner, shipping more to Canada than to its next nine export destinations combined. Bilateral trade flows amounted to $3.1 billion.
Oklahoma continued to purchase Canadian forest products in 2007 increasing its total by nearly 20% to $150 million. Wood pulp, which grew by $12 million over the last year to $58 million in 2007 and newsprint, were the two leading forest commodities and represented almost two-thirds of all forest product imports.
In 2007, Oklahoma found an appreciative marketplace north of the border, refreshing Canadians with $48 million in air conditioning and refrigeration equipment, an $11 million increase from the previous year. The state also found a market in Canada for aircraft engines and parts, its leading transportation import valued at $177 million, an increase of $17 million from the previous year.
In 2007, energy exchanges increased dramatically. Oklahoma’s energy shipments to Canada grew by 132% to $272 million, an increase of $155 million over the previous year. State exports of crude petroleum jumped by an astonishing 558%, from $31 million in 2006 to $204 million in 2007. In return, Canada sent $151 million in crude petroleum southward, making it the state’s second largest import commodity.
The Sooner State’s purchases of Canadian machinery increased by 33%, from $160 million in 2006 to $213 million in 2007. The state bought $46 million in mining machinery and $28 million in materials handling machines and equipment.
In 2007, Canadians made 59,100 visits to the state, spending $17 million. Residents of Oklahoma ventured across the border making 39,400 visits to Canada and contributing $30 million into its economy.
In 2005, Toronto–based Onex Corporation acquired the Wichita, Kansas Division of Boeing Commercial Airplanes from The Boeing Company. The new company, Spirit AeroSystems, now operates Boeing’s former commercial airplane manufacturing facilities in Tulsa and McAlester, OK.
As part of the close cooperation between Canadian and U.S. military forces, over 40 Canadian Air Force personnel serve in the 552nd Air Control Wing at Tinker Air Force Base in Oklahoma City; where they help staff the fleet of E-3 Sentry Airborne Warning and Control System (AWACS) planes that deploy as “eyes in the sky” in missions around the world. In deference to Canada’s globally recognized slang expression, Canadian service men and women in the unit dub themselves the “Eh WACS” squad.
Oklahoma energy companies are major investors in the Canadian oil and gas sector, helping Canada to become the United State’s largest, as well as most secure and reliable, supplier of crude oil, petroleum products and natural gas. Canada’s proved oil reserves of almost 179 billion barrels rank second only to those of Saudi Arabia.
June 2008
