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.