Canadian international merchandise trade, July 2020

September 4, 2020

In July, Canadian merchandise imports and exports continued to build on the strong gains that were observed in June. Imports increased 12.7% in July, while exports rose 11.1%. The largest contributor to this growth for both imports and exports was the motor vehicles and parts product category. Compared with February 2020, the month before the COVID-19 pandemic's economic impact was felt in Canada, imports (-4.1%) and exports (-6.0%) were down.

Canada's merchandise trade deficit with the world widened from $1.6 billion in June to $2.5 billion in July...

This has been excerpted from a 3 September 2020 release by Statistics Canada.

Topic(s)

International Trade and Border Management

Information source

Other Government Departments (OGDs)

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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