Tolerance.ca
Director / Editor: Victor Teboul, Ph.D.
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations, Tolerance.ca® aims to promote awareness of the major democratic principles on which tolerance is based.

Canada's merchandise exports fall

Canada's merchandise exports fell 1.7% in June while imports decreased 0.2%. As a result, Canada's trade deficit with the world widened from $1.0 billion in May to $1.6 billion in June.

Exports fell to $36.5 billion, largely the result of declines in energy products and automotive products. Volumes, which decreased 2.2%, were down in five out of seven sectors. Prices increased 0.5% and were up in all sectors except energy products.

Merchandise imports declined to $38.0 billion, led by energy products. Overall, prices fell 2.1% and volumes increased 1.9%.

Exports to the United States declined 2.4% to $26.5 billion in June, while imports fell 2.3% to $22.8 billion. Canada's trade surplus with the United States went from $3.7 billion in May to $3.6 billion in June.

Imports from countries other than the United States increased 3.1% to a record high of $15.2 billion. Exports to countries other than the United States edged up 0.3% to $10.0 billion. Canada's trade deficit with countries other than the United States widened from $4.8 billion in May to a record $5.2 billion in June.

Exports of automotive products fell 5.3% to $4.5 billion, largely the result of a 6.8% decline in passenger autos and chassis. The latter decrease was due to a 7.7% drop in volume in passenger autos and chassis.

Exports of agricultural and fishing products declined 2.3% to $3.2 billion in June. The decline was led by lower exports of other cereals unmilled, such as corn to Spain and Egypt, and canola to Japan.

Industrial goods and materials exports increased 0.9% to $9.5 billion in June, on the strength of metals and alloys, and chemicals, plastics and fertilizers. These increases were partially offset by a decline in exports of metal ores, mainly nickel ores, concentrates and scrap.

Imports: Energy products main factor in decline

Imports of energy products declined 11.7% to $4.2 billion in June. Volumes were down 6.1% while prices fell 6.0%. Crude petroleum imports fell 22.1%, largely because of timing of shipment and plant shutdowns for maintenance.

Imports of industrial goods and materials declined 0.5% to $8.2 billion in June. Imports of chemicals and plastics fell 2.6% while other industrial goods and materials declined 1.2%. Partially offsetting this decline was an increase in metals and metal ores, which reached a record high of $3.5 billion.

Imports of machinery and equipment increased for a fourth consecutive month, rising 2.5% to $10.6 billion in June. Leading this gain was industrial and agricultural machinery, in particular drilling and mining machinery.

Imports of other consumer goods increased 2.1% to $5.0 billion; the main contributor was apparel and footwear.

© Statistics Canada -


Comment on this article!
To post a comment, we encourage you to become a member of Tolerance.ca® or log in if you are already a member. You can still post your commentwithout registering, but you will need to fill your personal information each time.

Become a member (free)   |   Log in

Postings are subject to the terms and conditions of Tolerance.ca®. Before submitting your message , you must read the Terms and conditions of Tolerance.ca® and agree to them by checking the box below.
Your name:
Email:
Heading:
Message:
 
  I have read and agree to the Terms and conditions of Tolerance.ca®.
Follow us on ...
Facebook Twitter