Canada’s merchandise exports grew in February by 4.1pc to C$49.8bn from C$47.8bn ($39.4bn) in February last year while it dropped by 2.7pc from C$51.2bn in the previous month, according to Statistics Canada (StatCan).
The country’s import in February declined by 2.8pc to C$48.8bn from C$50.2 in February 2020 and it fell by 2.4pc from C$50bn from the previous month.
The country’s export of metal ores and non-metallic mineral reduced by 11pc to 1.5bn in February annually from C$1.7bn while it declined by 26.7pc from C$2.1bn from January this year. Canada’s export of metal and non-metallic mineral products in February increased by 3.5pc to C$5.8bn from C$5.6bn in the same month last year while it declined by 10.9pc from C$6.5bn in January this year.
The country’s export of motor vehicles and parts fell by 18.7pc in February annually to C$6.1bn compared to C$7.5bn and it saw a 10.2pc drop from C$6.8bn in January this year. Export of aircraft and other transportation equipment and parts increased by 0.4pc to C$2.55bn in February this year from C$2.54bn in February 2020 and it dropped by 20.3pc from C$3.2bn in January this year.
StatCan reported that Canada’s import of metal ores and non-metallic minerals saw an 11.7pc growth in February to C$1.2bn from C$1.1bn in February last year while it saw a decrease by 16.2pc from C$1.4bn in January this year. Import of metal and non-metallic mineral products rose by 6.8pc to C$4.3bn in February compared to C$4.1bn in February last year while it rose by 2.5pc from C$4.2bn in the previous month.
Import of motor vehicles and parts in February fell by 12.9pc to C$8bn from C$9.2bn while it saw a 7.8pc decline from C$8.7bn in January. Import of aircraft and other transportation equipment and parts declined by 41.9pc to C$1.4bn in February from C$2.4bn in the same month last year while it increased by 29.1pc from C$1bn in January this year, StatCan reported.
$1 = C$1.26