Canadian exports and shipments slip in December 2011
March 9, 2012 by Chloe
Shipments and exports on the print side saw a decrease in the usually strong month of December 2011, important news for print companies based in Mississauga, Toronto, and other GTA areas close to US border. The dip in exports and shipments is a decrease from stats taken in 2010, indicating that printers and other industries exported and imported less in December 2011 than in 2010.
December 2011 saw $605 million, down from $643 million in 2010, indicating a 6.3% decrease. Printing shipments to date are only at $7.6 million, compared to $8.0 million in December 2010, marking a 4.6% difference.
December 2011 also saw a slip in the total number exports, including print products and services, with $75.8 million this year, a 8.31% decrease from last year. Imports took a more drastic and steeper decline, falling to $93.9 million from $110 million last year. However, numbers show that the trade balance deficit evened out more in 2011 than in the previous year.
Statistical information on imports and exports is important news for printers, as it helps keep track of the state of Canadian economic health and the viability of printers who export printing services and import printing technologies into the Canadian market.
2012 is expected to be a strong year for print companies, with increased demand for certain sophisticated business services on the rise. Contrary to popular belief, surveys in the graphic design industry report that printed advertising remain central to business advertising and marketing.