Statistics Canada’s latest data shows that Canadian exports to Belgium, which amounted to $198 million in December and went down to $163 million in January, were down again to $96 million in February. Canadian imports from Belgium on the other hand, which came to $114 million in December and were down slightly in January to $110 million, went back up to $133 million in February. So as we can see from these figures, our bilateral trade fluctuates and it will be interesting to see how it will evolve in the coming months.
Overall, Canada’s imports declined 0.7% in February while exports were up 0.4%, compared to January, reducing the Canadian merchandise trade deficit with the world from $1.5 billion in January to $984 million in February. Continue reading