Canadian international merchandise trade, May 2021

July 8, 2021

In May, Canada's merchandise imports increased 2.1%, while exports fell 1.6%. As a result, Canada's merchandise trade balance moved from a surplus of $462 million in April to a deficit of $1.4 billion in May.

Consult the "International trade monthly interactive dashboard" to explore the most recent results of Canada's international merchandise trade in an interactive format.

Exchange rate reaches a peak in May

A large proportion of import and export transactions are completed in US dollars and must be converted to Canadian dollars to compile monthly trade statistics. When the Canadian dollar appreciates against the US dollar, converted monthly trade values in Canadian dollars are lower.

In May, the average value of the Canadian dollar increased 2.4 cents US compared with the average value in April to 82.5 cents US. This was the largest monthly increase since July 2017. When expressed in US dollars, Canadian imports were up 5.2% in May, and exports rose 1.4%...

This has been excerpted from a2 July 2021 release by Statistics Canada.

Topic(s)

International Trade and Border Management

Information source

Other Government Departments (OGDs)

Disclaimer

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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