facebook
twitter
rss
account
search
search
 

Canada's trade balance narrows

July 3, 2013 at 12:34 PM   |   Comments

OTTAWA, July 3 (UPI) -- Canada's merchandise trade balance deficit dropped in May, Statistics Canada reported Wednesday from Ottawa.

From April to May, merchandise imports dropped 3.2 percent, while exports fell 1.6 percent. The trade gap, subsequently, dropped, falling from $951 million to $303 million, the data agency said.

Imports fell to $39.6 billion after rising for four consecutive months. Leading the decline was a drop in energy products, as well as metal ores and non-metallic minerals.

Exports fell to $39.3 billion, pushed by a 1 percent price decline and a 0.7 percent decline in volume of exports.

Exports of metal and non-metal mineral products, as well as motor vehicles and automobile parts all declined.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Zephyr 7 UAS chalks up new achievement
2
U.S. oil pipeline output increasing
3
Lundin frustrated with latest North Sea find
4
City of London Police get Kaspersky Lab training
5
Brazil assessing capabilities of Russian air defense system
Trending News
Video
x
Feedback