Statistics Canada reports that in September, Canada's merchandise exports increased 6.3%, while imports were down 4.1%. Because of these strong opposing movements, Canada's merchandise trade deficit with the world went from a deficit of $6.4 billion in August to a slight surplus of $153 million in September, essentially a balanced position.
Consult the "International trade monthly interactive dashboard" to explore the most recent results of Canada's international trade in an interactive format.
Exports rise sharply
After falling 3.2% in August, total exports rebounded 6.3% in September. This was the largest percentage increase since February 2024.
Exports to the United States increase
Exports to the United States were up 4.6% in September, partly due to higher exports of aircraft, light trucks and unwrought gold. Meanwhile, imports from the United States declined 1.7% in September, a third consecutive monthly decrease. Canada's trade surplus with the United States widened from $6.0 billion in August to $8.6 billion in September, the largest surplus since February 2025.
Exports and imports with countries other than the United States post strong opposing movements
Exports to countries other than the United States rose sharply (+11.0%) in September. Higher exports to Switzerland (unwrought gold), Germany (crude oil) and Singapore (crude oil and aircraft) contributed the most to this growth. Meanwhile, imports from countries other than the United States fell 7.3% in September. Imports from Switzerland (unwrought gold) and China (various products) were the main contributors to the decline. Canada's trade deficit with countries other than the United States narrowed from an all-time high of $12.4 billion in August to $8.5 billion in September. This is the lowest deficit since October 2024.
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