Canadian international merchandise trade, January 2020

Canada's merchandise exports fell 2.0% in January, in part due to lower exports of motor vehicles, while imports were down 0.5% mostly on lower imports of pharmaceutical products. As a result, Canada's merchandise trade deficit with the world widened from $732 million in December 2019 to $1.5 billion in January.

Exports of motor vehicles decrease

Total exports fell 2.0% in January to $48.1 billion, with 9 of 11 product sections posting declines. In real (or volume) terms, exports were down 3.1%...

Imports of pharmaceutical products decline

Total imports were down 0.5% in January to $49.6 billion. After surpassing the $50.0 billion level for most months in 2018 and 2019, total imports have been below this threshold for the past three months. Year over year, total imports fell 4.9% compared with January 2019, the strongest year-over-year decline in more than 10 years. In real (or volume) terms, imports (-0.5%) also decreased in January...

This has been excerpted from a 6 March 2020 release by Statistics Canada.