Exports to the U.S. show growth in March

Avatar photo

OTTAWA, Ont. — Carriers concerned about lacklustre shipment volumes to and from the U.S. in recent months are breathing a sigh of relief upon the release of the trade figures for March.

Exports to the United States rose 0.9% to $28.1 billion, their highest level since March last year, while imports from south of the border were up 1.2%, according to data released this morning by Statistics Canada.

Overall, Canadian companies exported nearly $34.9 billion worth of merchandise outside the country, up 1.7%. On the other hand, imports rose only 0.9% to nearly $28.7 billion, the highest level in a year.

As a result, the surplus surpassed $6.2 billion, its highest level since May 2001.

March’s gain in exports followed a 7.5% rebound in February, marking the first back-to-back monthly increases since January 2003. This rise was led by automotive trade, which showed some consistency in March, dampening some recent trade volatility.

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*