April’s $ 7.1B was the largest on trade trade deficit record

godfear.in June 5, 2025 4:19 pm 0

largest on trade

Canada posted its largest on trade trade deficit on records in April – $ 7.1 billion – because the export fell rapidly in front of the US tariff.

Statistics Canada said that there was a decrease of $ 2.3 billion in March after the result of April on Thursday.

Overall exports fell by 10.8 percent to $ 60.4 billion in April, their lowest level since June 2023, as the export of motor vehicles and parts fell 17.4 percent.

Export of consumer goods also fell 15.4 percent, while export of energy products fell 7.9 percent.

Meanwhile, the total imports fell by 3.5 percent to $ 67.6 billion in April as imports of motor vehicles and parts declined by 17.7 percent and industrial machinery, equipment and parts declined by 9.5 percent.

In terms of real or quantity, the total exports fell 9.1 percent in April, while imports fell by 2.9 percent that month.

Canada posted a trade trade surplus with $ 3.6 billion in April, the smallest surplus with the country’s largest trading partner since December 2020. Exports to the US fell by 15.7 percent as a result, and imports from the US fell 10.8 percent.

Meanwhile, Canada’s trade deficit with other countries was $ 10.7 billion in April, compared to $ 9 billion in March.

Apart from the US, exports of other countries increased by 2.9 percent to $ 18.3 billion in April, while imports from other countries other than the United States increased by 8.3 percent to a record of $ 29 billion.

CATEGORIES Business

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April’s $ 7.1B was the largest on trade trade deficit record

largest on trade

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April’s $ 7.1B was the largest on trade trade deficit record

largest on trade

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AUTHOR godfear.in