Canada December International Merchandise Trade Report

Posted by Rumin Mann
February 18th, 2011

The following is the text of Canada’s international merchandise trade report for December from Statistics Canada.

Canada’s merchandise exports rose 9.7% to $37.8 billion in December, led by a 16.5% gain in volumes of energy products. Export volumes, up 6.6%, increased in most sectors. Prices rose 2.9%. Both volumes and prices have risen in 8 of the past 12 months.

Energy products accounted for over half the growth in the value of exports, followed by industrial goods and materials, which reached a record high. Notable increases were also recorded in exports of machinery and equipment, agricultural and fishing products as well as forestry products.

The value of imports edged up 0.7% to $34.8 billion. Import prices rose 0.4%, following four months of decline, while volumes increased 0.3%.

All import sectors except other consumer goods posted gains in December. The main sources of growth were energy products, agricultural and fishing products as well as automotive products.

As a result, Canada’s trade balance with the world went from a deficit of $115 million in November to a surplus of $3.0 billion in December, the first trade surplus since February 2010.

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