Insights for Canada

MoM insights: In the month-on-month analysis, imports from the United States saw a significant increase of 1.96B, representing a 6.69% rise. China also contributed positively with an increase of 809.02M (11.15%). Kazakhstan had an extraordinary growth of 315.98M, marking a staggering 217.23% increase. On the downside, imports from South Korea decreased by 171.51M (-12.48%), while Sweden and Belgium saw declines of 167.05M (-37.19%) and 70.55M (-18.06%) respectively. In terms of exports, the United Kingdom led with a remarkable increase of 2.61B (85.07%), followed by China with 1.18B (47.16%). The Netherlands also showed a strong performance with an increase of 467.36M (68.10%). Conversely, exports to the United States fell by 831.24M (-1.92%), with Switzerland and Germany also experiencing declines of 747.98M (-74.76%) and 341.99M (-39.39%). Overall, total imports increased by 5.06B (7.92%) while exports rose by 2.55B (4.25%).

YoY insights: In the year-on-year analysis, imports from Mexico increased by 1.42B (43.83%), while imports from China rose by 1.37B (20.51%). Vietnam also showed a strong increase of 708.13M (60.90%). On the contrary, imports from the United States decreased by 1.96B (-5.88%), with Belgium and Chile also seeing declines of 209.95M (-39.61%) and 84.92M (-34.49%) respectively. For exports, the United Kingdom had a notable increase of 2.9B (104.18%), followed by China with 640.25M (21.09%) and the Netherlands with 605.22M (109.36%). However, exports to the United States fell by 3.55B (-7.75%), with India and Singapore also experiencing declines of 270.67M (-50.75%) and 173.72M (-55.37%). Overall, total imports increased by 7.99B (13.11%) year-on-year, while exports saw a modest increase of 251.69M (0.40%).