Canadian Trade Deficit Narrows in September


In September, Canada's trade deficit narrowed from CAD 1.1 billion in August to CAD 435 million in September. Exports grew 1.8 percent while imports edged up 0.2 percent in September.

Exports increased to CAD 40.6 billion on the strength of energy products as well as aircraft and other transportation equipment and parts. Overall, volumes were up 1.7 percent.

Exports to the United States increased 1.0 percent to CAD 30.5 billion on higher exports of aircraft. Exports to countries other than the United States rose 4.2 percent to CAD 10.1 billion; the European Union (+21.0 percent) was the main contributor to the increase.

Imports edged up to CAD 41.1 billion, as gains in energy products and consumer goods were partially offset by declines in basic and industrial chemical, plastic and rubber products as well as aircraft and other transportation equipment and parts. Import prices were up 0.4 percent while volumes were down 0.2 percent.

Imports from the United States were up 0.9 percent to CAD 26.2 billion. Imports from countries other than the United States declined 1.1 percent to CAD 14.8 billion, with the largest decrease reported for the principal trading area "all other countries".

Canadian Trade Deficit Narrows in September


Statistics Canada | Krisztina Györffy | krisztina@tradingeconomics.com
11/14/2013 1:40:39 PM