Exports to the United States, Canada’s top trading partner, rose 2.6%, while imports from that country rose 1.7%. (Photo: 123RF)
Last September, Canada’s merchandise exports rose 2.7% and imports rose 1%, meaning Canada’s merchandise trade surplus with the world rose from $949 million (M$) in August to $2 billion (G$) in September.
Statistics Canada says increases were observed in 7 out of 11 product areas in September, with energy products accounting for the majority of the increase, up 10.6%. However, the federal agency says the contribution of prices to the monthly variation in exports was notable, with real exports increasing by 0.4%.
Exports of agricultural and fishery products as well as food intermediate products rose by 8.1% in September. Wheat exports rose particularly sharply at 56.1%.
Meanwhile, imports of motor vehicles and motor vehicle parts rose 5.8% in September, contributing to Canada’s overall import growth. Imports of industrial machinery, equipment and parts, which rose 7.1% in August, fell 3.6%, partially offsetting the overall increase.
Statistics Canada reports that in September, exports to the United States, Canada’s top trading partner, rose 2.6%, while imports from that country rose 1.7%. As a result, Canada’s trade surplus with the United States widened for the third straight month, rising to $11.7 billion in September from $11 billion in August.
Exports to countries other than the United States rose 2.9% in September, while imports fell slightly by 0.2%. Canada’s trade deficit with countries other than the United States therefore decreased from $10.1 billion in August to $9.6 billion in September.
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