EDC Export Performance Monitor - June 2016

After a couple of negative months, April saw a solid rebound in Canadian trade with the world as merchandise exports increased by 1.5%. The strength was seen across most sectors as 8 of the 11 product categories increased. Higher global energy prices resulted in strong growth in Canada’s energy exports despite the sector’s lower export volumes.

Export sales to the US increased by 2.3% in April, reflecting the generally positive US economic data in recent weeks. However, imports from the US also increased by 3.0% in the month, driving Canada’s trade surplus with the US to $1.57 billion, the lowest value for the surplus since December 1993.

With a third of the year accounted for, most export sectors are stronger than they were at this point in 2015. Exports of consumer goods, motor vehicles and industrial machinery and equipment have shown particular strength.

The full report is available on the EDC website.