5 April 2013, 17:40  Exports decreased to $38.5 billion in Canada

Exports decreased to $38.5 billion, as volumes were down 0.6% and prices were flat. Overall, exports of metal and non-metallic mineral products contributed the most to the decline. This was partially offset by an increase in motor vehicles and parts. Imports edged up to $39.5 billion, as prices rose 0.6% and volumes declined 0.4%. Increases in 7 of the 11 import sections were mostly offset by a large decrease of energy products. Exports to the United States decreased 1.1% to $28.4 billion in February, while imports were up 0.8% to $25.0 billion. Consequently, Canada's trade surplus with the United States decreased from $3.9 billion in January to $3.4 billion in February. Exports to countries other than the United States increased 0.9% to $10.1 billion. Imports declined 0.9% to $14.5 billion. As a result, Canada's trade deficit with countries other than the United States narrowed from $4.6 billion in January to $4.4 billion in February. Imports of motor vehicles and parts increased 5.5% to $6.8 billion in February, on higher volumes (+4.7%). The overall gain was split between passenger cars and light trucks (+6.0%), and motor vehicle engines and motor vehicle parts (+6.1%). Imports of basic and industrial chemical, plastic and rubber products rose 10.3% to $3.4 billion. The increase was led by a 48.5% gain in volumes of lubricants and other petroleum refinery products. Also contributing to the overall gain were higher imports of basic chemicals, and of fertilizer, pesticide and other chemical products. Widespread increases led imports of consumer goods to rise 2.3% in February to a record high of $8.0 billion. Overall, prices grew 1.3%, and volumes were up 1.0%. Imports of energy products fell 19.3% to $3.5 billion, as a result of lower volumes (-18.7%). Imports of crude oil and crude bitumen declined 25.8% to lead the overall decrease.

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