OTTAWA, Nov. 7 (Xinhua) -- Canada's merchandise exports increased 2.7 percent, while imports rose 1 percent in September, Statistics Canada said Tuesday.
Canada's merchandise trade surplus widened from 949 million Canadian dollars (688 million U.S. dollars) in August to 2 billion Canadian dollars (1.45 billion U.S. dollars) in September, the national statistical agency said.
According to the agency, exports of energy products increased 10.6 percent in September to reach 16.9 billion Canadian dollars (12.25 billion U.S. dollars), representing more than one-quarter of Canada's total exports, the highest share since October 2022.
Exports of wheat increased the most, reaching 56.1 percent, as favourable weather conditions allowed for a more rapid harvest in 2023. In 2023, however, Canada's wheat production is expected to decrease overall and global supplies have improved, the agency said.
When international trade in goods and services are combined, exports increased 2.2 percent to 82.1 billion Canadian dollars (59.5 billion U.S. dollars) in September, while imports rose 0.8 percent to 81.6 billion Canadian dollars (59.1 billion U.S. dollars). As a result, Canada's trade balance with the world went from a deficit of 633 million Canadian dollars (459 million U.S. dollars) in August to a surplus of 462 million Canadian dollars (335 million U.S. dollars) in September, Statistics Canada said.
