Canada's exports fell 5.4% to $43.7 billion in February, after reaching a record high in January. Export prices decreased 3.2% and volumes were down 2.2%. Imports declined 2.6% to $45.6 billion, as prices were down 1.4% and volumes decreased 1.2%. Consequently, Canada's merchandise trade deficit with the world widened from $628 million in January to $1.9 billion in February.

Trade with the United States declines

Exports to the United States fell 5.6% to $33.1 billion in February and imports were down 2.7% to $30.5 billion. As a result, Canada's trade surplus with the United States narrowed from $3.8 billion in January to $2.7 billion in February.

Exports to countries other than the United States declined 4.8% to $10.5 billion. There were lower exports to Italy (-34.5%) and Hong Kong (-41.1%). Imports from countries other than the United States decreased 2.4% to $15.1 billion. Countries other than Canada's principal trading partners were the main contributors to the decrease. As a result, Canada's trade deficit with countries other than the United States widened from $4.4 billion in January to $4.6 billion in February.

This has been excerpted from a 5 April 2016 release by Statistics Canada and is available in its entirety at:
http://www.statcan.gc.ca/daily-quotidien/160405/dq160405a-eng.htm?HPA