Canada Posts Trade Surplus in October


In October of 2013, Canada's trade balance turned into a surplus of CAD 75 million, the first surplus since December of 2011. Merchandise imports declined 1.2 percent and exports decreased 0.3 percent in October.

Exports decreased to CAD 40.5 billion as prices declined 0.3 percent. Exports of motor vehicles and parts; metal and non-metallic mineral products; as well as aircraft and other transportation equipment and parts declined, while those of farm, fishing and intermediate food products; and consumer goods increased.

Exports to the United States edged up 0.2% to $30.4 billion. Exports to countries other than the United States declined 1.7 percent to CAD 10.1 billion as lower exports to the principal trading area "other OECD countries" (-14.7 percent) were partially offset by higher exports to the principal trading area "all other countries" (+2.5 percent).

Imports declined to CAD 40.4 billion as lower imports of energy products, as well as motor vehicles and parts were partially offset by higher imports of basic and industrial chemical, plastic and rubber products. Overall, prices were down 1.2 percent. 

Imports from the United States grew 1.0 percent to CAD 26.5 billion on the strength of lubricants and other petroleum refinery products. Imports from countries other than the United States fell 5.1 percent to CAD 13.9 billion, with declines reported for the principal trading areas "other Organisation for Economic Co-operation and Development (OECD) countries" (-13.8 percent) and "all other countries" (-5.6 percent). 

Canada Posts Trade Surplus in October


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
12/4/2013 3:41:08 PM