Canadian international merchandise trade, February 2020

April 2, 2020

Canada's merchandise exports rose 0.5% in February, because of higher exports of aircraft, while imports were down 0.8%, in part due to a decrease in crude oil imports. As a result, Canada's merchandise trade deficit with the world narrowed from $1.7 billion in January to $983 million in February...

Total imports fell 0.8% to $49.3 billion in February, the lowest level in the past two years. Decreases were observed in 7 of 11 sections, with energy products posting the largest decline. In real (or volume) terms, imports fell 1.2%.

Imports of energy products fell 16.0% in February, following a high observed in January. Crude oil imports were the largest contributor to the decline, offsetting the January increase. Lower shipments of crude oil from the United States contributed the most to the February decrease...

This has been excerpted from a 2 April 2020 release by Statistics Canada.

Topic(s)

International Trade and Border Management

Information source

Other Government Departments (OGDs)

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