In April, Canada's merchandise exports dropped 10.8%, while imports fell 3.5%. As a result, Canada's merchandise trade deficit with the world widened from $2.3 billion in March to $7.1 billion in April. This was the largest deficit on record.
Due to the implementation of the Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) digital initiative, estimates were added to the reference months from November 2024 to April 2025. Please see the Note to readers below for more information.
Consult the "International trade monthly interactive dashboard" to explore the most recent results of Canada's international trade in an interactive format...
Sharp increase in gold imports moderates the decline in total imports
Total imports were down 3.5% in April. Strong declines were observed in imports of motor vehicles and parts (-17.7%), industrial machinery, equipment and parts (-9.5%), consumer goods (-4.2%) and electronic and electrical equipment and parts (-5.5%). These declines were partly offset by a strong increase in imports of unwrought gold, silver, and platinum group metals; excluding these imports, total imports were down 6.9%. In real (or volume) terms, total imports fell 2.9% in April...
This is an excerpt from the 05 June 2025 edition of The Daily from Statistics Canada.