Glossary

Balance of Trade

The difference between the monetary value of Canada's imports and exports over a certain period. It is calculated by subtracting imports from total exports.

Domestic Exports

All goods grown, extracted, produced or manufactured in Canada, that leave the country, through customs for a foreign destination. Exported goods of foreign origin that have been materially transformed in Canada, are also known as domestic exports.

Re-Exports

Goods, materials or articles (of foreign origin) originally imported into Canada that are exported, either in the same condition in which they were imported or after some minor alteration or processing (e.g. blending, packaging, bottling, cleaning or sorting) that leave them essentially unchanged.

Total Exports

All goods leaving Canada (through customs) for a foreign destination.Total exports are the sum of domestic exports and re-exports.

Total Imports

All goods that have entered the country by crossing territorial (customs) borders whether for immediate domestic consumption (following the payment of any duty); or for storage in customs bonded warehouses (duty is not paid in that instance). Total imports are the sum of imports and re-imports.

Re-Imports

Goods, materials or articles that are imported in either the same condition in which they were exported or after undergoing repair or minor alterations (e.g., blending, packaging, bottling, cleaning, or sorting) that leave them essentially unchanged.

Mineral products are classified into four stages of processing

• Stage 1 (primary products) includes products from the mining industry including the discovery of ore, ore extraction and processing to the concentrate stage.
• Stage 2 (smelting and refining products) includes products from metallurgical processes, which are relatively pure minerals, metals and alloys.
• Stage 3 (semi-fabricated products) includes semi-fabricated products that are input in other industries, such as wire, sheets, strips, tubes and flat rolls.
• Stage 4 (fabricated products) includes further processed products and final goods, such as metal structures and framing, hardware items, tools, cutlery and pipefittings.