{"id":7416,"date":"2023-07-18T18:22:59","date_gmt":"2023-07-18T18:22:59","guid":{"rendered":"https:\/\/axxessintl.com\/?p=7416"},"modified":"2023-07-18T18:22:59","modified_gmt":"2023-07-18T18:22:59","slug":"canadas-merchandise-trade-balance-returns-to-a-deficit-position-2","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/canadas-merchandise-trade-balance-returns-to-a-deficit-position-2\/","title":{"rendered":"Canada&#8217;s merchandise trade balance returns to a deficit position"},"content":{"rendered":"<p>Statistics Canada announced that the country&#8217;s merchandise imports rose 3%, in May while exports were down 3.8%.<!--more--><\/p>\n<p>With imports and exports posting strong variations in opposite directions, Canada&#8217;s merchandise trade balance went from a $894 million surplus in April to a $3.4 billion deficit in May, the largest deficit since October 2020.<\/p>\n<p>Seven of the eleven export product sections posted decreases in May. Exports of energy products and farm, fishing and intermediate food products were responsible for more than two-thirds of the retreat. Following three consecutive monthly declines, total imports rose in May, with eight of the eleven product sections posting increases.<\/p>\n<p>Exports to the United States decreased 2.9% in May, in part because of lower exports of crude oil. Imports from that country were up 1.3%, mainly on higher imports of motor vehicle engines and parts as well as aircraft. As a result, Canada&#8217;s merchandise trade surplus with the United States narrowed from $8.7 billion in April to $6.7 billion in May, the lowest surplus since May 2021.<\/p>\n<p>Exports to countries other than the United States decreased 6.6% in May 2023 while imports from those countries rose 6.0%. Consequently, Canada&#8217;s merchandise trade deficit with countries other than the United States widened from $7.8 billion in April to $10.2 billion in May<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statistics Canada announced that the country&#8217;s merchandise imports rose 3%, in May while exports were down 3.8%.<\/p>\n","protected":false},"author":15,"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-7416","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\/7416","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=7416"}],"version-history":[{"count":1,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/7416\/revisions"}],"predecessor-version":[{"id":7417,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/7416\/revisions\/7417"}],"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=7416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=7416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=7416"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=7416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}