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.