Statistics Canada announced that the country’s merchandise exports decreased 1.2% in December, mostly on lower exports of energy products. Meanwhile, imports were down 1.3%, mainly driven by lower imports of consumer goods.
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As a result, Canada’s merchandise trade deficit with the world narrowed from $219 million in November to $160 million in December<\/p>\n
The Federal Agency reports that total exports fell to $63.0 billion, the lowest level since February 2022. Declines were observed in 7 of the 11 product sections, with exports of energy products leading the decreases. However, excluding energy products, exports posted an opposite movement, increasing by 0.8%.<\/p>\n
Total imports fell to $63.1 billions, the lowest level since March 2022. Decreases were observed in 7 of the 11 product sections, but the decline in imports was largely attributable to negative movements in the consumer goods and motor vehicles and parts product sections.<\/p>\n
Imports from countries other than the United States decreased 3.8% in December, a second consecutive monthly decline. Imports from Switzerland (pharmaceutical products), Mexico (various products), and the Netherlands (motor gasoline) led the decreases. Exports to those countries were down 4.5%. Exports to China (oilseeds and canola) and the United Kingdom (gold) posted the largest decreases. Canada’s trade deficit with countries other than the United States narrowed from $7.3 billion in November to $7.1 billion in December.<\/p>\n
Exports to the United States edged down 0.1% in December, while imports saw a 0.2% uptick. As a result, the merchandise trade surplus with the United States narrowed for a seventh consecutive month, moving from $7.1 billion in November to $7.0 billion in December.<\/p>\n","protected":false},"excerpt":{"rendered":"
Statistics Canada announced that the country’s merchandise exports decreased 1.2% in December, mostly on lower exports of energy products. Meanwhile, imports were down 1.3%, mainly driven by lower imports of consumer goods.<\/p>\n","protected":false},"author":15,"featured_media":4172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[147],"types-de-nouvelles":[],"class_list":["post-6460","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\/6460","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\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=6460"}],"version-history":[{"count":2,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/6460\/revisions"}],"predecessor-version":[{"id":6462,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/6460\/revisions\/6462"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/4172"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=6460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=6460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=6460"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=6460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}