US EditionCanada's exports to U.S. shrink to smallest share since 1997: Statistics Canada
CANADA, JUL 4 – Canada’s exports to non-U.S. countries rose 5.7% to a record $47.6 billion in May, offsetting a fourth consecutive monthly decline in U.S. exports amid ongoing tariff disputes.
- Statistics Canada reported on July 3, 2025, that Canadian exports to the U.S. fell 0.9% in May, dropping to 68.3% of total exports, a near-record low since 1997 excluding the pandemic years.
- This decline occurred amid a protracted trade war starting in February 2025, with U.S. tariffs, including steel and aluminum doubled to 50%, weighing heavily on bilateral trade.
- Meanwhile, total Canadian exports rose 0.7% in May, primarily driven by higher gold shipments, while exports to non-U.S. countries surged 5.7% to reach a record high.
- Economist Alexandra Brown of Capital Economics described the rise in shipments to countries outside the U.S. as “a small consolation” and noted in a report to investors that export prospects remain poor.
- Canada’s merchandise trade deficit decreased to $5.9 billion in May from a record $7.6 billion in April, influenced by declining imports and continued tariff challenges that hinder export growth.
60 Articles
60 Articles
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Canada's Trade Deficit in May Narrows, Exports to the U.S ...
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