Trade Resources Economy Brief Report of Canada's Trade in July 2016

Brief Report of Canada's Trade in July 2016

According to the statistics from Statistics Canada, Canada’s volume of goods trade was USD451.08 billion from January to July in 2016, down 8.3% year-on-year (the same below). Exports fell by 9.4% to USD219.81 billion, and imports fell by 7.2% to USD231.27 billion. The trade deficit was USD11.46 billion, up 76.3%.

In July, Canada’s volume of goods trade fell by 9.9% to USD62.22 billion. Exports fell by 11.4% to USD30.16 billion and imports fell by 8.4% to USD32.06 billion. And the trade deficit grew by 94.4% to USD1.91 billion.

Since January to July, bilateral trade volume between Canada and China fell by 8.4% to USD35.13 billion. Canada’s exports to China fell by 6.8% to USD8.6 billion. It accounted for 3.9% of Canada’s overall export, up 0.1%. And Canada’s imports from China fell by 8.9% to USD26.53 billion. It accounted for 11.5% of Canada’s overall imports, down 0.2% over the previous year. Canada’s trade deficit with China fell by 9.8% to USD17.93 billion.

China was the second largest export market of Canada and its second largest source of imports up to July in 2016.

Source: www.made-in-china.com
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