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Canadian international merchandise trade, May 2020
Following historic declines in April that saw exports and imports lose more than one-quarter of their monthly value due to the COVID-19 pandemic, exports increased 6.7% in May, mainly reflecting the resumption of production in the auto industry as well as higher crude oil prices. Meanwhile, imports decreased a further 3.9%, reflecting supply challenges at a time when various economies around the world were progressively re-opening. In real (or volume) terms, exports were up 3.8% in May, while real imports fell 6.7%. To explore the most recent results from Canada's international merchandise trade in an interactive ... (full story)