OTTAWA, May 10 (UPI) -- Canada's international trade surplus increased from $273 million in February to $351 million in March, Statistics Canada reported from Ottawa Thursday.
Exports decreased for a third consecutive month by 0.4 percent to $39.5 billion, led by declines in energy products, the agency said.
Imports declined by 0.6 percent to $39.1 billion, also led by fewer energy products.
Canada's trade surplus with its largest trading partner, the United States, decreased from $4.9 billion in February to $4.6 billion in March.
"Exports to the United States fell 2.1 percent to $28.7 billion, the third consecutive monthly decrease," StatsCan said. "Imports also declined, down 1.4 percent to $24.1 billion in March."
Canada's trade deficit with all other countries narrowed from $4.6 billion in February to $4.3 billion in March.
Those exports rose 4.5 percent to $10.8 billion and imports increased 0.8 percent to $15.1 billion.
"As a result, Canada's trade deficit with countries other than the United States narrowed from $4.6 billion in February to $4.3 billion in March," the report said.
Read More
- Canada's trade surplus plummets
- Canada posts 3rd monthly trade surplus
- Canadian trade surplus more than doubles
- Canada's trade balance back in surplus
- U.S. pipelines can handle Canadian crude
- Average Canadian salary $886 per week
- Canadian retail trade dips in February
- Canada reverses wholesale sales decline
- Canada bank rate 1 percent for 13th time
