Canadian Trade Deficit Widens Further in December

In December of 2013, Canada's trade deficit widened slightly to CAD 1.7 billion, up from CAD 1.5 billion in November, as imports rose 1.2 percent while exports edged up by 0.9 percent.

Shipments rose to $39.7 billion, as volumes grew 0.8 percent and prices edged up 0.1 percent. Increased exports in most sections were slightly offset by declines in energy products; farm, fishing and intermediate food products; and motor vehicles and parts.

Sales to the United States rose 1.2 percent to $30.0 billion, while imports from the United States declined 0.4 percent to $27.1 billion. As a result, Canada's trade surplus with the United States widened from $2.4 billion in November to $2.9 billion in December. Exports to countries other than the United States were unchanged at $9.7 billion.

Purchases grew to $41.4 billion, as prices rose 1.6 percent while volumes declined 0.4 percent. Higher imports of energy products led the overall increase. Inflows of energy products rose 22.6 percent to $3.9 billion in December.

Canadian Trade Deficit Widens Further in December

Statcan | Nuno Fontes |
2/6/2014 1:52:29 PM