In December, Canada's merchandise imports rose 3.7%, while exports were down 0.9%. As a result, after posting six consecutive monthly surpluses, Canada's merchandise trade balance returned to a deficit position. It moved from a surplus of $2.5 billion in November to a deficit of $137 million in December, a position considered to be essentially balanced...
Cellphone imports end 2021 with an increase after a year marked by instability
Total imports rose 3.7% in December to a record $57.7 billion. This was the third consecutive monthly increase, and gains were observed in 8 of the 11 product sections. In real (or volume) terms, total imports rose 3.1%...
First decline in energy product exports in eight months
After posting a record high in November, total exports fell 0.9% in December to $57.6 billion, despite the fact that increases were observed in a majority of product sections. Non-energy exports were up 0.7% in December. Prices for total exports fell 0.7%, the second monthly decline in 2021...
Record deficit with countries other than the United States
Imports from countries other than the United States rose 6.6% in December. Imports from China (+9.3%) posted the largest increase, partly on imports of communication equipment and computers. Imports from Vietnam, Taiwan, South Korea and Mexico were also up...
This has been excerpted from a n 8 February 2022 release by Statistics Canada.