Merchandise trade surplus countries to fall in January 2012
The weakness in exports has melted the nation's trade surplus in January. According to Statistics Canada's trade surplus rose from $ 2.9 billion in December to $ 2.1 billion in January.
Economists Bloomberg had forecast a slightly more pronounced decline, $ 2.0 billion.
Exports of goods fell 2.3% to $ 41.4 billion, while prices have experienced a decline of 2.2%. The federal agency notes that a decline in exports of precious metals and alloys as well as aircraft and aircraft equipment has contributed greatly to the decline.
For their part, imports fell 0.6% to stand at $ 39.3 billion. Six of the seven sectors such as energy products and machinery and equipment, showed decreases. Overall, the import prices decreased by 0.8%.
To the United States, the main trading partner, exports rose 0.3% to $ 30.6 billion, an increase explained by strong exports of crude oil. Imports took the opposite trend, with a decrease of 0.3% to $ 24.5 billion.
Canada's Merchandise trade surplus with the United States has increased from $ 5.9 billion in December to $ 6.1 billion in January.
Statistics Canada indicates exports to countries other than the United States fell 9.0% to stand at $ 10.8 billion. The decrease was mainly exports to the European Union and Japan.
Imports from countries other than the United States fell 0.9% to total $ 14.8 billion.
The trade deficit in countries other than the United States is $ 4G or 1G $ more than in December.
Economists Bloomberg had forecast a slightly more pronounced decline, $ 2.0 billion.
Exports of goods fell 2.3% to $ 41.4 billion, while prices have experienced a decline of 2.2%. The federal agency notes that a decline in exports of precious metals and alloys as well as aircraft and aircraft equipment has contributed greatly to the decline.
For their part, imports fell 0.6% to stand at $ 39.3 billion. Six of the seven sectors such as energy products and machinery and equipment, showed decreases. Overall, the import prices decreased by 0.8%.
To the United States, the main trading partner, exports rose 0.3% to $ 30.6 billion, an increase explained by strong exports of crude oil. Imports took the opposite trend, with a decrease of 0.3% to $ 24.5 billion.
Canada's Merchandise trade surplus with the United States has increased from $ 5.9 billion in December to $ 6.1 billion in January.
Statistics Canada indicates exports to countries other than the United States fell 9.0% to stand at $ 10.8 billion. The decrease was mainly exports to the European Union and Japan.
Imports from countries other than the United States fell 0.9% to total $ 14.8 billion.
The trade deficit in countries other than the United States is $ 4G or 1G $ more than in December.
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