Canada published its largest commercial merchandise deficit registered in April, at $ 7.1 billion, as exports abruptly fell to US tariffs.
Statistics Canada said Thursday that the result of April followed a deficit of $ 2.3 billion in March.
General exports fell 10.8 percent in April to $ 60.4 billion, its lowest level since June 2023, since exports of motor vehicles and pieces fell 17.4 percent.
Exports of consumer goods also fell 15.4 percent, while exports of energy products fell 7.9 percent.
Meanwhile, total imports fell 3.5 percent in April to $ 67.6 billion, since imports of motor vehicles and parts lost 17.7 percent and industrial machinery, equipment and parts fell 9.5 percent.
In real or volume terms, total exports fell 9.1 percent in April, while imports fell 2.9 percent that month.
Canada published a commercial surplus of goods with the US of $ 3.6 billion in April, the smallest surplus with the largest commercial partner in the country since December 2020. The result occurred when exports to the US.
Meanwhile, Canada’s commercial deficit with other countries was $ 10.7 billion in April compared to $ 9 billion in March.
Exports to countries other than the USs increased 2.9 percent to $ 18.3 billion in April, while imports from countries other than the United States earned 8.3 percent to reach a record of $ 29 billion.
