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INDUSTRY PULSE: Imports on the rise in January while exports slip due to energy sector

OTTAWA, Ont. -- Exports fell 1.6% from December to $35.9 billion, while imports rose 1.9% to $31.9 billion, accordi...


OTTAWA, Ont. — Exports fell 1.6% from December to $35.9 billion, while imports rose 1.9% to $31.9 billion, according to the latest report from Statistics Canada.

Exports in all trade sectors, except energy products, registered gains. If energy exports are removed from the total, exports increased 0.8% in January. The gain in imports resulted from increases in agricultural and fishing products, energy products and machinery and equipment.

Exports to the United States fell 2.3% to $29.5 billion, while imports from south of the border edged up 0.3%. That put Canada’s trade surplus with the United States at $8.1 billion, down from $8.8 billion in December.

Imports from both the European Union and Japan rose substantially. Increased imports of alcoholic beverages contributed to the European Union’s jump, while Japan’s growth was partly attributed to increased demand for manufacturing assembly equipment.

Imports from all other countries, a country grouping dominated by China, fell 3.5% to $4.1 billion.


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