Canada Trade Deficit Narrows in July


Canada's merchandise trade deficit decreased to 0.59 CAD billion in July from a downwardly revised 0.81 CAD billion gap in June, as exports rose 2.3 percent and imports went up 1.7 percent.

Exports grew to 45.5 CAD billion in July. Sales of motor vehicles and parts(+9.9 percent), especially passenger cars and light trucks (+14.9 percent); consumer goods (+7.3 percent); and aircraft and other transportation equipment and parts (+19.2 percent) accounted for the gain in July. The increase in these sections was partially offset by a decrease in shipments of energy products (-15.1 percent).

Imports increased to 46.1 CAD billion in July, as 8 of 11 sections advanced. Higher imports of energy products (+12.8 percent), aircraft and other transportation equipment and parts (+22.9 percent), as well as electronic and electrical equipment and parts (+4.4 percent) were partially offset by a decline in metal and non-metallic mineral products (-9.6 percent).

Year-on-year, exports shrank 0.2 percent, while imports grew 5.8 percent.

Canada Trade Deficit Narrows in July


Statistics Canada | yekaterina@tradingeconomics.com
9/3/2015 3:04:21 PM