Imports fuelled by rising energy products

Avatar photo

OTTAWA, Ont. — Imports increased in November, primarily the result of greater imports of energy products, Statistics Canada records indicate. This gain was partly offset by a decline in machinery and equipment.

Imports of energy products soared 20.8% to $3.3 billion, largely on the strength of both crude petroleum and other energy products. Crude petroleum jumped 15.3% to $2.2 billion, as volumes increased and prices remained virtually unchanged. Other energy products also registered strong growth, rising 33.4%, as petroleum and coal products increased dramatically (+50.6%).

Automotive products advanced 1.9% to $6.7 billion, as imports of both truck and other motor vehicles and passenger auto and chassis increased significantly. Trucks and other motor vehicles rose 7.6% to a record high of $1.5 billion. Passenger autos grew for the second month in a row, rising 4.7% to $2.3 billion, surpassing levels reached in 2006. Motor vehicle parts declined 3.1%, the second decrease in as many months.

Agricultural and fishing products edged up 0.7% to $2.1 billion, reflecting greater imports of fruits and vegetables, particularly fresh fruit and vegetables. Live animals also increased in November, as a result of increased imports of horses. Corn imports increased for the fifth consecutive month.

Machinery and equipment continued its downward trend for the fourth consecutive month, falling 3.4% to $9.3 billion, the result of widespread declines in all sub-sectors. Aircraft and other transportation equipment and industrial and agricultural machinery represented three-quarters of the decline. For the first 11 months of 2007, aircraft and other transportation equipment remained well above levels recorded in 2006.

Industrial goods and materials edged down 0.1% to $6.8 billion, following declines in chemicals and plastics. Organic chemicals declined for the fourth month in a row. By contrast, imports of metals and metal ores grew 4.8% to $2.5 billion, on the strength of rising imports of non-ferrous metals and alloys, particularly copper.

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.