Canadian international merchandise trade, October 2018

December 6, 2018

Canada's exports were down 1.2% in October, principally on lower exports of crude oil. Imports were down 0.6%, mainly due to fewer imports of passenger cars and light trucks. As a result, Canada's merchandise trade deficit with the world widened from $891 million in September to $1.2 billion in October.

In real (or in volume) terms, exports showed an opposite movement (+1.2%) compared with nominal export values in October, as lower energy product prices led to a 2.3% decrease in total export prices. Meanwhile, real imports were essentially unchanged in October.

This has been excerpted from a 6 December 2018 release by Statistics Canada.

Topic(s)

International Trade and Border Management

Information source

Other Government Departments (OGDs)

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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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