Statistics Canada announced that the country’s merchandise exports decreased 2.9% in August, while imports fell 1.7%.<\/p>\n
As a result, Canada’s merchandise trade surplus with the world narrowed from $2.4 billion in July (revised) to $1.5 billion in August. This is the lowest monthly trade surplus observed to date in 2022.<\/p>\n
The Federal Agency reports that exports totaled $65.4 billion in August. Declines were observed in 7 of 11 product sections. A decrease was also seen in July, following six increases in 2022. Exports of energy products fell 6.0% and exports of farm, fishing and intermediate food products decreased 7.1%, while exports of consumer goods were down 3.7%.<\/p>\n
Total imports were down 1.7% to $63.9 billion, a second consecutive monthly decline. This is the first time since September 2021 that imports have declined for two consecutive months. Decreases were observed in 8 of the 11 product sections in August, with imports of motor vehicles and parts posting the largest decline.<\/p>\n
Exports to the United States fell 2.5% in August, partly due to lower crude oil exports. At the same time, imports from the United States were down 3.3%, driven in part by lower imports of motor vehicles and parts. Canada’s trade surplus with the United States remained essentially unchanged at $10.7 billion in August.<\/p>\n
Exports to countries other than the United States fell 4.3% and imports from those countries rose 1.1%. The merchandise trade deficit with countries other than the United States widened from $8.3 billion in July to $9.2 billion in August.<\/p>\n","protected":false},"excerpt":{"rendered":"
Statistics Canada announced that the country’s merchandise exports decreased 2.9% in August, while imports fell 1.7%.<\/p>\n","protected":false},"author":5,"featured_media":3358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[147],"types-de-nouvelles":[],"class_list":["post-5758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-custom-brokerage","tag-statistics-canada"],"_links":{"self":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/5758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=5758"}],"version-history":[{"count":1,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/5758\/revisions"}],"predecessor-version":[{"id":5759,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/5758\/revisions\/5759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/3358"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=5758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=5758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=5758"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=5758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}