Canada’s merchandise imports in April rose 1.2 percent month-over-month, while exports edged down 0.2 percent, resulting in a trade deficit of C$567 million (about US$548 million), compared with C$3 million in March, according to Statistics Canada.
Imports rose for the fourth consecutive month to a record high of C$40.8 billion, driven by gains in energy products, motor vehicles and parts and metal ores and non-metallic minerals. Overall, volumes were up 1.5 percent versus March.
Meanwhile, exports fell to C$40.3 billion. Increases in metals and non-metallic mineral products partially offset drops in metal ores and non-metallic minerals; energy products; and industrial machinery, equipment and parts. Overall, prices declined 0.7 percent month-over-month, while volumes were up 0.5 percent.
Monthly imports from the U.S. increased 1.9 percent compared with March to a record high of C$26.2 billion, and exports to the U.S. rose 1.8 percent to C$30.1 billion. Consequently, Canada’s trade surplus with the U.S. went from C$3.8 billion in March to C$3.9 billion in April.
Exports to countries other than the U.S. fell 5.6 percent to C$10.2 billion, while imports from countries other than the U.S. were basically flat in April at C$14.6 billion. As a result, Canada's trade deficit with countries other than the U.S. expanded from C$3.8 billion in March to C$4.4 billion in April.