Canada's Trade Deficit Narrows in September


Canada's merchandise exports rose 1.9% and imports were unchanged in September. As a result, Canada's trade deficit with the world narrowed from $1.5 billion in August to $826 million in September.

Exports rose to $38.0 billion, as prices increased 1.9%. Exports of energy products led the overall gain.

Imports remained at $38.8 billion in September. Overall, the increase in volumes offset the decrease in prices. Metal and non-metallic mineral products registered the largest increase in total value of imports, while consumer goods posted the largest decline.

Exports to the United States grew 1.3% to $27.8 billion, on higher exports of aircraft and other transportation equipment and parts. Imports from the United States edged up 0.5% to $24.3 billion. As a result, Canada's trade surplus with the United States rose from $3.2 billion in August to $3.5 billion in September.

Exports to countries other than the United States increased 3.6% to $10.2 billion, while imports were down 0.8% to $14.5 billion. Consequently, Canada's trade deficit with countries other than the United States narrowed from $4.8 billion in August to $4.3 billion in September.


TradingEconomics.com, Statistics Canada
11/8/2012 1:35:26 PM