Canada's trade deficit widened significantly in 2025 as its dependence on the US declined.

OTTAWA, Feb. 19 (Xinhua) (Reporter Lin Wei) Data released by Statistics Canada on the 19th showed that Canada's merchandise trade deficit widened significantly to C$31.3 billion (about 1 US dollar equals 1.37 Canadian dollars) in 2025, hitting the largest deficit record since 2020.

　　This is the third consecutive year that Canada has recorded a trade deficit. The country's trade deficits in 2023 and 2024 were C$933 million and C$7.2 billion respectively.

　　In terms of exports, Canada's total exports edged down 0.2% in 2025. Among the 11 major product categories, exports of 7 categories declined, with energy products seeing the largest decline due to falling prices. Meanwhile, exports of precious metals grew strongly, partially offsetting the impact of the decline in exports of other products. Excluding precious metals, Canada's annual export value fell by 3%.

　　In terms of imports, Canada's total imports increased by 2.8% in 2025. The growth mainly came from metal ores and non-metallic minerals, electronic and electrical equipment and parts, as well as consumer goods.

　　Notably, Canada's trade dependence on the United States decreased significantly in 2025. Exports to the United States fell by 5.8%, imports dropped by 2.9%, and the trade surplus with the United States narrowed from C$101.3 billion in 2024 to C$81.6 billion.

　　In contrast, Canada's trade performance with non-US trading partners was strong. In 2025, Canada's exports to non-US trading partners increased by 17.2%, and imports rose by 12.4%. (Xinhua News Agency  Responsible Editor: Wang Mengmeng)