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Canadian merchandise trade imports declined in April, while there was little change in exports. In March, both imports and exports registered strong increases as transportation flows returned to normal following a rail traffic disruption in February.
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Canadian exports edged down slightly 0.3% to $40.7 billion from a revised $40.8 billion in March. Imports were down 2.2% in April, falling to $34.9 billion, driven by declines in all sectors except energy.
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The decline in imports surpassed the drop in exports. As a result, the trade surplus with the world expanded to $5.8 billion in April, from a revised $5.1 billion in March. While the surplus with the United States edged down slightly to $ 8.0 billion, the deficit with the rest of the world narrowed to $ 2.3 billion.
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Canada’s exports to countries other than the United States reached $10.1 billion, a 7.7% gain. Imports from those countries remained virtually unchanged at $12.4 billion. Exports to the United States fell 2.6% to $30.6 billion while imports from our principal trading partner decreased 3.3% to $22.6 billion.
