Canadian trade balance tips further in our favor

Avatar photo

OTTAWA, Ont. — According to Statistics Canada, this country’s trade balance jumped 11 per cent from March to $5.2 billion in April, the highest level since May 2001.

This was thanks in part to merchandise exports, which rose 2.9 per cent to $34.3 billion, the highest level since June 2001.

Export growth was particularly strong in automotive products, Canada’s largest export sector, rising 4.1 per cent to $8.2 billion. Machinery and equipment increased 2.6 per cent to $7.8 billion. Together these two sectors account for nearly half of all merchandise exports.

Merchandise imports, however, rose at slightly more than half the pace of exports to $29.1 billion, a 1.6 per cent increase from March. As a result, Canada’s overall trade surplus increased, ending a two-month slide.

The trade surplus with the U.S. jumped 8.2 per cent to $8.3 billion. Canadian companies sent $29.2 billion in goods to the U.S. in April, a 2.4 per cent increase from March, while they imported $20.9 billion worth, up 0.3 per cent.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*