Canada’s trade surplus tumbled by $1.4 billion to $5.1 billion in September as exports declined sharply in a broad range of categories.
Statistics Canada said that exports dropped 3.4% from August to $36.1 billion.
“Exports fell to the United States, Japan, European Union and in every major commodity group, predominantly machinery and equipment and agriculture,” StatsCan said.
Meanwhile, Canada’s imports rose by 0.4% to $31.0 billion, with gains occurring in energy products, forestry, industrial goods and consumer goods.
U.S. demand for Canadian goods continued to drop as exports south of the border in September fell 2.7% to $29.4 billion.
At the same time, Canadian purchases from American firms rose only 0.9%. Those factors resulted in a $1.0-billion decline in Canada’s trade surplus with the United States to $7.9 billion.
Exports to countries other than the U.S. fell 6.4% to $6.6 billion, while non-U.S. imports edged down to $9.5 billion. As a result, Canada’s non-U.S. trade deficit widened to $2.8 billion from $2.5 billion in August.