Canadian merchandise exports increase in April

Statistics Canada reported Thursday that Canada’s exports of goods increased by 2.6 percent, while imports grew by 1.1 percent, in April.

The national statistics agency reported that the country’s exports reached 64.4 billion Canadian Dollars (47.1 billion U.S. Dollars) in April after a drop of 5.2 percent in March and an increase of 5.4 percent in February.

Canada’s total exports increased by 1.7 percent, in real terms or volume.

The country’s total imported goods increased by 0.5 percent to reach 65.5 billion Canadian Dollars (47.9 Billion U.S. Dollars) in March. This is the same level as in February. Total imports fell 0.2 percent in volume or real terms.

Exports rose 2 percent in April to 81.4 billion Canadian Dollars (59.6 Billion U.S. Dollars) when combined with international trade of goods and services. Imports rose 1.1 per cent to 83.5 billion Canadian Dollars (61.1 billion U.S. dollar). Statista Canada reported that the total Canadian trade deficit with other countries shrank in April.

Related Articles