February: Canada’s trade surplus down, but not with the United States

Canada’s total imports, which rose 3.6% in January, were $64.6 billion in February. (Photo: The Canadian Press)

OTTAWA — Canada’s merchandise exports fell 2.4% to $65 billion last February, while Canadian imports fell 1.3%, causing Canada’s merchandise trade surplus with the world to widen from $1.2 billion in January shrunk to $422 million in February, Statistics Canada said on Wednesday.

In February, exports of metal and non-metallic mineral products fell 5.4%, while exports of motor vehicles and parts fell 4.4%, mainly due to the 7.3% of automobile and light truck exports.

Canada’s total imports, which rose 3.6% in January, were $64.6 billion in February. The drop in imports in February can be explained in particular by the 8.7% drop in the category of industrial machinery, equipment and parts.

Exports to countries other than the United States fell 7.2% in February, while imports from those countries rose 1.3%. As a result, Canada’s trade deficit in goods with countries other than the United States widened to $8.9 billion in February, from $7.4 billion in January.

Over the same period, Canadian exports to the United States fell 0.9% in February, while imports fell 2.8%. As a result, Canada’s trade surplus with the United States rose to $9.3 billion in February from $8.6 billion in January.

Canada’s trade surplus with the United States increased for the third straight month.

OTTAWA — Canada’s merchandise exports fell 2.4% to $65 billion last February, while Canadian imports fell 1.3%, causing Canada’s merchandise trade surplus with the world to widen from $1.2 billion in January shrunk to $422 million in February, Statistics Canada said on Wednesday.

In February, exports of metal and non-metallic mineral products fell 5.4%, while exports of motor vehicles and parts fell 4.4%, mainly due to the 7.3% of automobile and light truck exports.

Canada’s total imports, which rose 3.6% in January, were $64.6 billion in February. The drop in imports in February can be explained in particular by the 8.7% drop in the category of industrial machinery, equipment and parts.

Exports to countries other than the United States fell 7.2% in February, while imports from those countries rose 1.3%. As a result, Canada’s trade deficit in goods with countries other than the United States widened to $8.9 billion in February, from $7.4 billion in January.

Over the same period, Canadian exports to the United States fell 0.9% in February, while imports fell 2.8%. As a result, Canada’s trade surplus with the United States rose to $9.3 billion in February from $8.6 billion in January.

Canada’s trade surplus with the United States increased for the third straight month.

Tyrone Hodgson

Incurable food practitioner. Tv lover. Award-winning social media maven. Internet guru. Travel aficionado.

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