{"id":9234,"date":"2024-04-09T17:26:31","date_gmt":"2024-04-09T17:26:31","guid":{"rendered":"https:\/\/axxessintl.com\/?p=9234"},"modified":"2024-04-09T17:26:31","modified_gmt":"2024-04-09T17:26:31","slug":"canadas-merchandise-trade-surplus-reaches-1-4-billion-in-february","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/canadas-merchandise-trade-surplus-reaches-1-4-billion-in-february\/","title":{"rendered":"Canada’s merchandise trade surplus reaches $1.4 billion in February"},"content":{"rendered":"

Statistics Canada reported a significant growth in Canada’s merchandise exports and imports in February. Exports increased 5.8%, while imports rose 4.6%.<\/p>\n

As a result, Canada’s merchandise trade surplus with the world widened from $608 million in January to $1.4 billion in February.<\/p>\n

The Federal agency notes that the total exports growth in February was the largest percentage increase since August 2023. Overall, increases were observed in 9 of the 11 product sections. Imports reached their highest level since June 2023 after decreasing 3.1% in January. All product sections rose, except metal and non-metallic mineral products, which fell slightly by 0.6%.<\/p>\n

Exports to countries other than the United States jumped 14.2% in February, driven mostly by a strong increase in unwrought gold exports to Switzerland and the United Kingdom. Meanwhile, imports from countries other than the United States rose 6.7%. The largest increases in imports were observed for China (various products), the United Kingdom (aircraft), Indonesia (scrap of non-ferrous metals) and South Korea (passenger cars and light trucks). As a result, Canada’s trade deficit with countries other than the United States narrowed from $8.2 billion in January to $7.7 billion in February.<\/p>\n

Exports to the United States were up 3.3% in February, while imports from the United States increased 3.4%. As a result, Canada’s trade surplus with the United States widened slightly from $8.8 billion in January to $9.1 billion in February.<\/p>\n","protected":false},"excerpt":{"rendered":"

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