Insights for Canada

MoM insights: In the month-on-month analysis, imports from Ireland saw the highest increase with a trade value of 490.7M, reflecting a significant growth of 1.23%. Brazil and Germany followed with increases of 949.11M and 2.16B respectively, showing growth rates of 0.38% and 0.10%. On the lower end, imports from South Africa decreased by 1.13B, a drop of -85.10%, while Switzerland and the United States also saw declines of 846.07M and 335.42M, with respective changes of -56.21% and -1.10%. For exports, the United States led with a substantial increase of 3.61B, a growth of 9.16%. Switzerland and Germany also experienced notable increases of 825.27M and 350.12M, with growth rates of 4.71% and 0.69%. Conversely, Hong Kong saw a decrease of 230.35M, a drop of -50.73%, followed by Italy and Vietnam with declines of 87.61M and 67.89M, reflecting -23.24% and -53.78% changes respectively.

YoY insights: In the year-on-year analysis, imports from Mexico showed the most significant increase with a trade value of 4.36B, reflecting a growth of 19.79%. Vietnam and Germany followed with increases of 1.77B and 2.16B, showing growth rates of 30.93% and 16.28%. On the downside, imports from the United States decreased by 1.96B, a drop of -6.26%, while China and Switzerland also saw declines of 413.05M and 198.95M, with respective changes of -5.39% and -23.22%. For exports, the United Kingdom led with an increase of 758.66M, a growth of 32.77%, followed by Switzerland and Germany with increases of 639.03M and 319.34M, reflecting growth rates of 176.80% and 59.40%. In contrast, exports to the United States decreased by 2.54B, a drop of -5.57%, while Japan and Romania also saw declines of 233.21M and 108.26M, with respective changes of -17.22% and -89.48%.