Canada's Trade Surplus Nearly Doubles

Canada exported more crude petroleum to the United States, and sent more overall goods to the European Union.

Canada's trade surplus came in at $627 million (US$657 million) in March as trading with the United States and the EU accelerated, a government agency said on May 11.

Exports increased 3.5% to $37.4 billion led by energy products and industrial goods, while imports grew 2.8% to $36.7 billion, Statistics Canada said.

In March, Canada exported more crude petroleum to the United States, and sent more overall goods to the European Union.

Imports were led by automotive products. Increases were also recorded in imports of industrial goods and materials as well as machinery and equipment.

Exports and imports have generally been trending upwards since 2009.

Copyright Agence France-Presse, 2011

TAGS: Trade
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