2024-01-09 13:52:11
(Ottawa) In November, Canada’s merchandise imports increased by 1.9%, while exports fell by 0.6%, according to Statistics Canada.
Canada’s merchandise trade surplus with the world declined from $3.2 billion in October to $1.6 billion in November, but Canada still experienced its fourth consecutive monthly trade surplus.
Statistics Canada specifies that in November, imports of energy products increased by 11.6%, those of industrial machinery, equipment and parts by 4.9% and those of electronic and electrical equipment and parts by 4.7%. %.
As for total exports, they fell after four consecutive monthly increases. Exports of metal and non-metallic mineral products fell 6.5% and exports of aircraft and other transportation equipment and parts fell 16.8%.
Canada’s exports to its main trading partner, the United States, increased 0.4% in November, while imports from that country increased 1.7%. As a result, Canada’s trade surplus with the United States narrowed from $12.1 billion in October to $11.7 billion in November.
As for exports to countries other than the United States, they fell by 4.2% in November. Canada’s trade deficit with countries other than the United States widened from $9 billion in October to $10.1 billion in November.
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