Industry Canada provides statistics on Canadas imports and exports on its website. The following steps will take

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Industry Canada provides statistics on Canada’s imports and exports on its website. The following steps will take you to the foreign trade statistics. Use them to answer the questions below.

i. Go to Industry Canada’s website at www.ic.gc.ca.

ii. At the top of the page, under Just for Businesses, look for the subheading. “Find statistics and research,” and then select “Create customized trade reports.”

iii. Once you reach the Trade Data Online page, click on “Search by industry.”

iv. In the drop-down menu “Trade Type,” select “Total Exports” if you are looking for data on exports or “Total Imports” if you are looking for data on imports.

v. In the drop-down menu “Trading Partner,” select “TOP 10 countries.”

vi. In the drop-down menu “Time Period,” select “Specific Year(s)” and choose the year(s) you want. Try 2016 and any other year you desire.

vii. In the drop-down menu “Industry Options,” select “Browse List of Industries.”

viii. In the drop-down menu “Browse for an industry,” select the good or service you are interested in, or use the North American Industry Classification System (NAICS) code, then hit “View Industries.”

ix. In the “Industry List,” choose the industry you are interested in and hit “Add to Selected Industries.”

x. Click on “Run Report.”

a. Look up recent data for Canadian imports of clothing accessories and other clothing manufacturing (NAICS code 3159). From which country do we import the most clothing accessories? Which of the three sources of comparative advantage (climate, factor endowments, and technology) accounts for that country’s comparative advantage in clothing accessories?

b. Look up recent data for Canadian imports of fruits (NAICS code 1113). From which country do we import the most fruit? Which of the three sources of comparative advantage (climate, factor endowments, and technology) accounts for that country’s comparative advantage in fruit?

c. Look up recent data for Canadian imports of industrial machinery (NAICS code 3332). From which country do we import the most industrial machinery? Which of the three sources of comparative advantage (climate, factor endowments, and technology) accounts for that country’s comparative advantage in industrial machinery?

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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