In April, Canada’s merchandise exports increased 1.6%, while imports edged up 0.3%. As a result, Canada’s merchandise trade surplus with the world widened from $1.8 billion in March to $2.7 billion in April. This was the second consecutive monthly trade surplus, and the largest since January 2025, according to a new report from Statistics Canada.
Following a surge of 10.1% in March, total exports increased 1.6% in April to reach a record high of $75.2 billion. Since the 4.4% decline observed in January, total exports have increased by 19.2%. In April, gains were observed in 9 of the 11 product sections. Energy products (+9.7%), as well as metal and non-metallic mineral products (-17.5%), posted large offsetting movements in April. Excluding these two product sections, exports increased 5.1%. In real (or volume) terms, total exports were up 3.0%, marking a third consecutive monthly increase, said the federal agency.
The federal agency said exports to the United States rose 4.8% in April, increasing for a third consecutive month. Exports of crude oil and passenger cars and light trucks drove the monthly increase. Meanwhile, imports from the United States were up 1.6%. As a result, Canada’s merchandise trade surplus with the United States widened from $7.8 billion in March to $9.5 billion in April, the largest surplus since February 2025.
Mario Toneguzzi
Mario Toneguzzi is Managing Editor of Canada’s Entrepreneur. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 and 2024 as one of the top business journalists in the world by PR News. He was also named by RETHINK to its global list of Top Retail Experts 2024, 2025 and 2026.
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