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Canadian international merchandise imports fell in August

Published by Stephanie Brooks on October 11, 2012

Both imports and exports in Canada's merchandise sector dropped in August 2012, bringing our trade deficit on a global scale to $1.3 billion, according to Statistics Canada's latest numbers in its Canadian international merchandise trade index

Industrial goods and materials were the largest contributor to the exports decline, with a six per cent drop. The biggest factors were fertilizers, iron ore, concentrates and scrap on lower volumes.

With declines hitting every sector except energy products, imports fell to $38.8 billion. Exports were a little lower at $37.5 billion, with industrial goods and materials amounting to the largest decline.

US imports dropped to almost $25 billion, although exports increased 1.4 per cent. Canada's trade surplus with the US increased to $3.5 billion in August.


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