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Canada's trade deficit narrows in December, share of exports to US shrinks further
Canada's trade deficit dropped to $1.31 billion in December as exports increased 2.6%, led by metals and mineral products, while U.S. export share hit a historic low.
- Statistics Canada reported a narrowed Canadian merchandise trade deficit of $1.3 billion in December, compared to a revised $2.6 billion deficit in November.
- Total exports rose 2.6% to $65.6 billion in December, boosted by an 18% increase in metal and non-metallic mineral product exports, mainly unwrought gold.
- Imports rose 0.6% to $66.9 billion, driven by imports of motor vehicles, parts and energy products, while exports to the United States accounted for 67.4% of total exports, down from 76.2% a year ago.
21 Articles
21 Articles
Canadian exports to other countries, bringing the Americans back to memory in December
Canada's int'l merchandise trade deficit widens in 2025
OTTAWA, Feb. 19 (Xinhua) -- Canada's annual merchandise trade deficit widened significantly to 31.3 billion Canadian dollars (about 22.8 billion U.S. dollars) in 2025, the largest deficit since 2020, Statistics Canada said Thursday. Read full story
The country's trade deficit narrowed in December to $1.3 billion, with export growth exceeding that of imports, says Statistics Canada on Thursday.
Canada's Trade Deficit Shrinks Amid Export Surge
Canada's merchandise trade deficit narrowed in December, with exports rising faster than imports. The share of exports to the US reached a historic low, though outbound shipments increased. Economic momentum was driven by metals and mineral exports, notably unwrought gold. Imports also saw gains, especially from passenger vehicles and energy products.
Canada's trade deficit narrows in December, share of exports to US shrinks further
Canada's international merchandise trade deficit narrowed in December as exports grew faster than imports, and its share of exports to the United States dropped to its lowest level on record, barring the COVID-19 months, data showed on Thursday.
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