More exports to China help narrow U.S. trade deficit + Emerging markets are gaining in importance to Canada's exporters

[mEDITate-OR:
not see that both Canada & U.S. are exporting different types of goods..., to China...
but are trying to solve a similar problem.
Since Canada export more to U.S. than any other country...
we control their future.
Since China export more to U.S. than they buy from U.S.
they, and oil, control our export/import imbalance.
What both Canada and U.S. are doing, now, is exporting raw materials.
and both are trying to expand exports to new & different countries.
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Exports swelled to record highs with two important U.S. trading partners.
U.S. exports to Mexico, including natural gas, fuel oil and soybeans, hit a high in October of $15.4 billion, but the deficit with Mexico was virtually unchanged at $5.8 billion.
And exports to China, primarily soybeans, reached $9.3 billion in October, the highest on record and shrinking the deficit with that Asian country to $25.5 billion in October, from $27.8 billion in September.
The value of total soybean exports has been climbing over the years, reaching $16.9 billion in 2009 from $6.6 billion in 2005
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Canada has long been a trading country of a special kind. Whatever's happening in the rest of the world, we typically prospered or withered along with one dominant customer, the U.S.
But not quite so much any more, it seems. In October, our exports to the U.S. shrank in importance to 72 per cent of the total -the lowest level in 18 years -even as they edged up a bit in dollar terms.
At the same time, Canada's total export performance improved much more than expected, helped along by a global appetite for our metals, including strong demand from emerging markets. China, for example, is the world's biggest user of industrial metals like copper.
Canadian exports to emerging markets have nearly doubled over the past five years
October's bounce "puts Canadian exports for the final quarter of 2010 on track for a 15 per cent annualized gain, rebounding from the third quarter's five-per cent decline,"
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More exports to China help narrow U.S. trade deficit
http://www.nytimes.com/2010/12/11/business/economy/11econ.html?ref=christine_hauser
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Emerging markets are gaining in importance to Canada's exporters
http://www.montrealgazette.com/business/Emerging+markets+gaining+importance+Canada+exporters/3961551/story.html
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