Canadian exports to U.S. continue to drop in May
Amid the recent implementation of tariffs on imports of Canadian goods in the United States, Canada's exports to the United States decreased 0.9 percent in May, a fourth consecutive monthly decline, said the national statistical agency.
Compared to a monthly average of 75.9 percent in 2024, Canada's share of exports to the United States was 68.3 percent in May, one of the lowest proportions on record. On the other hand, imports from the United States were down 1.2 percent in May, a third consecutive monthly decrease, the agency reported.
According to the data, exports to countries other than the United States rose 5.7 percent in May to reach a record high. Total merchandise trade with countries other than the United States increased 47.6 billion Canadian dollars (35 billion U.S. dollars) in May, a third consecutive record high.
In May, Canada's merchandise exports rose 1.1 percent to 60.8 billion Canadian dollars, while imports fell 1.6 percent to 66.7 billion Canadian dollars, the agency said.
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