En juillet, les exportations de biens de consommation ont enregistré la plus forte baisse, de 14,3%, sous l’effet de l’important recul de 49,1% des exportations de produits pharmaceutiques qui a fait suite à la hausse marquée observée in juan. (Photo: The Canadian Press)
Ottawa – In July, Canada’s merchandise exports fell 2.8% and imports fell 1.8%.
As a result, Statistics Canada calculated that Canada’s merchandise trade surplus with the world shrank from $4.9 billion in June to $4.1 billion in July.
En juillet, les exportations de biens de consommation ont enregistré la plus forte baisse, de 14,3%, sous l’effet de l’important recul de 49,1% des exportations de produits pharmaceutiques qui a fait suite à la hausse marquée observée in juan.
On the other hand, exports of energy products decreased by 4.2% in July. This was the first monthly decline of the year.
As for imports, a decrease was observed in seven out of eleven product divisions. Imports of miscellaneous goods and supplies recorded the largest decrease, by 9.8%. Imports of energy products, for their part, declined by 10.2% in July.
Statistics Canada added that exports to the United States, Canada’s main trading partner, fell 2.2% in July, while imports from the United States rose 0.7%. As a result, Canada’s trade surplus with the United States increased from $13.3 billion in June to $11.8 billion in July.
Meanwhile, imports from countries other than the United States fell 5.7% in July, while exports to those same countries fell 4.8%. The merchandise trade deficit with countries other than the United States narrowed, from $8.4 billion in June to $7.8 billion in July, the smallest deficit observed since January.
Natalie Sinclair is a contributor at Vaughantoday.ca, covering a wide range of topics including local news, politics, business, technology, sports, entertainment, and lifestyle. She focuses on delivering clear, accurate reporting and useful information that helps readers stay informed about current events and issues that matter to their communities. Her work highlights timely developments, relevant stories, and practical insights in a professional and reader-friendly manner.