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Canadian international merchandise trade, February 2022

In February, Canada's merchandise imports were up 3.9%, following a 7.5% decline in January. Meanwhile, exports rose 2.8% in February, largely due to higher exports of energy products. As a result, Canada's merchandise trade surplus with the world narrowed from $3.1 billion in January to $2.7 billion in February.

Imports from countries other than the United States rose 10.8% in February. China (+26.9%) had the strongest growth by far. Exports to countries other than the United States were up 8.1% in February. Many countries contributed to this gain, including India (aircraft), Brazil (potash), Taiwan (coal), China (various products) and Italy (pharmaceutical products and crude oil).

Exports to the United States rose 1.3% in February, while imports from the United States edged down 0.1%. As a result, Canada's trade surplus with the United States widened from $9.7 billion in January to $10.3 billion in February. This was the largest trade surplus with the United States since December 2005.

This is an excerpt from the Statistics Canada article: https://www150.statcan.gc.ca/n1/daily-quotidien/220405/dq220405a-eng.htm

Topic(s)

International Trade and Border Management

Information source

Other Government Departments (OGDs)
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