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INDUSTRY PULSE: Strong export finish led by energy, aircraft and metals

OTTAWA, Ont. December's export growth was fuelled largely by energy exports.


OTTAWA, Ont. December’s export growth was fuelled largely by energy exports.

Energy exports, which depressed export growth in November, rebounded 11.2% to a record high $9.3 billion in December, Statistics Canada records show. Excluding energy, exports would have grown at only half the pace they did, or by around 2.0%.

Energy products were a driving force behind export gains in 8 of the 12 months of 2005.

The increase in energy exports was led by a surge in natural gas shipments to the United States, which rose 11.9% to $4.1 billion. Volume and prices rose at the same pace for the month.

Crude petroleum exports improved for the third straight month, gaining 7.9% to a record $3.2 billion. The growth was primarily price driven.

Machinery and equipment exports grew for the third straight month, rising 3.1% to $8.2 billion. This was a result of strong exports of aircraft, engines and parts, which rose 37.0% to $1.3 billion, along with exports of telecommunications and related equipment which jumped 5.6% to $1.2 billion.

Exports of industrial goods and materials reached record levels, rising 2.7% to $7.4 billion. The growth was widespread among metals and alloys, metal ores and chemicals, plastics and fertilizers.

Forestry products posted a 4.3% gain in December, reaching $3.1 billion. Lumber and sawmill products led the increase with a 5.3% jump to $1.6 billion.

On the down side, exports of automotive products declined following five monthly increases, slipping 1.5% to $7.8 billion. Passenger autos and chassis were the main contributors, dropping 4.1% to $4.2 billion. However, exports of motor vehicle parts rebounded after two months of decline with a 3.5% increase to $2.2 billion.


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