Insights for Canada

MoM insights: In the month-on-month analysis, imports from Switzerland saw the highest increase with a trade value of 1.03 billion CAD, reflecting a change of 313.14 million CAD (43.45%). Sweden followed closely with an increase of 575.78 million CAD (104.11%). France also showed a significant increase of 1.01 billion CAD, with a change of 194.29 million CAD (23.91%). On the downside, imports from the United States decreased by 4.11 billion CAD (-13.11%), while imports from China and Mexico fell by 738.1 million CAD (-9.15%) and 183.53 million CAD (-3.93%) respectively. The overall imports decreased by 5.73 billion CAD (-8.31%). Exports from Germany increased by 785.92 million CAD (52.63%), while exports to China rose by 3.92 billion CAD (6.55%). However, exports to the United States dropped by 3.44 billion CAD (-8.14%), contributing to an overall decrease in exports of 4.39 billion CAD (-7.01%).

YoY insights: In the year-on-year analysis, imports from China increased significantly by 1.02 billion CAD (16.13%), while imports from Mexico rose by 798.66 million CAD (21.66%). Vietnam also showed a strong increase of 635.35 million CAD (54.54%). Conversely, imports from the United States decreased by 4.57 billion CAD (-14.39%). The overall imports increased by 3.66 billion CAD (6.15%). On the exports side, exports to the United Kingdom increased by 1.59 billion CAD (56.02%), and exports to China rose by 1.21 billion CAD (44.64%). However, exports to the United States fell by 6.49 billion CAD (-14.33%), leading to an overall decrease in exports of 2.31 billion CAD (-3.81%).