Canada is now China's 3rd largest export market, reports the China Daily:

Canada's exports to China nearly doubled to 8 billion Canadian dollars (US$8.8 billion) in 2006 from 4 billion Canadian dollars (US$4.4 billion) in 2002. In the first seven months of 2007, they soared 43 percent over the same period one year ago, the largest gain by any of the G-7 countries, the report said.

Although Canada still imports far more from China than it exports, 21.7 billion Canadian dollars (US$23.9 billion) as of July, 2007 compared to 5.5 billion Canadian dollars (US$6.1 billion), export growth has outpaced imports by a wide margin this year, said the report.

This is good news for our export portfolio. Sadly, according to 2006 figures from Industry Canada, 82% of our exports still go to the U.S. — a whopping $360 billion, versus East Asia's total $23b.