Canadian exports to U.S. continue to drop in May
Amid the recent implementation of tariffs on imports of Canadian goods in the United States, Canada's exports to the United States decreased 0.9 percent in May, a fourth consecutive monthly decline, said the national statistical agency.
Compared to a monthly average of 75.9 percent in 2024, Canada's share of exports to the United States was 68.3 percent in May, one of the lowest proportions on record. On the other hand, imports from the United States were down 1.2 percent in May, a third consecutive monthly decrease, the agency reported.
According to the data, exports to countries other than the United States rose 5.7 percent in May to reach a record high. Total merchandise trade with countries other than the United States increased 47.6 billion Canadian dollars (35 billion U.S. dollars) in May, a third consecutive record high.
In May, Canada's merchandise exports rose 1.1 percent to 60.8 billion Canadian dollars, while imports fell 1.6 percent to 66.7 billion Canadian dollars, the agency said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
5 hours ago
- The Star
Myanmar kicks off intellectual property conference in Naypyidaw
YANGON: Myanmar kicked off an international conference on intellectual property in Naypyidaw on Thursday (July 3), the state-owned Myanmar Radio and Television reported. The conference was officially opened by Chairman of Myanmar's State Administration Council Senior General Min Aung Hlaing, the report said. Speaking at the opening event, Min Aung Hlaing (pic) said that a strong intellectual property system would support industrial development and attract foreign investment, both of which are essential for building a modern and developed country. He added that Myanmar is implementing the Myanmar Sustainable Development Plan, which includes the intellectual property sector, saying that the promotion of intellectual property rights will encourage creativity and innovation, contributing to the establishment of sustainable industrial businesses. Experts and scholars from both local and international institutions are scheduled to present research papers during the event. The two-day conference will continue until Friday, the report said. - Xinhua
Malaysia Sun
6 hours ago
- Malaysia Sun
Made Here: Caoxian County, China's largest Hanfu production hub
Xinhua 05 Jul 2025, 07:54 GMT+10 CAOXIAN, July 5 (Xinhua) -- Leveraging its robust e-commerce foundation, Caoxian County in east China's Shandong Province has emerged as a significant global hub for Hanfu, the traditional attire of China. The county has built a comprehensive industrial chain encompassing design, manufacturing, copyright protection, and digital marketing, transforming tradition into a thriving modern industry. The Hanfu produced in Caoxian, especially the iconic horse-face skirt (Mamianqun), has gained international acclaim. Selected pieces have been featured at events like Milan Fashion Week, bringing these garments to the global stage. Now exported to markets including Australia, Canada, and European countries, Caoxian's Hanfu industry achieved remarkable sales of 12 billion yuan (about 1.7 billion U.S. dollars) in 2024. Driven by a youth-led cultural revival, Caoxian's Hanfu boom exemplifies the successful fusion of ancient heritage with digital innovation. It not only transforms the ancient aesthetics into symbols of modern Chinese identity on the global stage but also serves as a new engine for increasing the income of local people and promoting rural revitalization.
The Star
11 hours ago
- The Star
Podgorica forum promotes China-Montenegro trade, technology cooperation
PODGORICA, July 4 (Xinhua) -- More than a hundred government officials and business representatives gathered in Podgorica on Friday to explore opportunities for trade and technological cooperation between Montenegro and China. Among the prominent attendees were Dino Tutundzic, state secretary of Montenegro's Ministry of Energy and Mining; Krsto Radenovic, state secretary of the Ministry of Agriculture, Forestry and Water Management; Song Junji, vice governor of China's Shandong Province; and Lu Fangqing, charge d'affaires of the Chinese Embassy in Montenegro. Addressing the forum, Radenovic highlighted the enormous potential for agricultural cooperation between the two countries. He expressed hope for the introduction of advanced Chinese technologies in agricultural production and food processing, as well as support for building modern irrigation and water resource management systems. He also welcomed joint investments with Chinese partners to help bring more Montenegrin agricultural products into the Chinese market. Lu noted that China regards Montenegro as an important partner in Central and Eastern Europe. She highlighted the significant achievements under the Belt and Road Initiative and the China-CEEC cooperation framework, particularly in transportation infrastructure and green energy. She expressed optimism about the future of bilateral cooperation. On behalf of Shandong Province, Song said the province has achieved fruitful results in economic and trade cooperation with Montenegro, with several Shandong enterprises investing and operating in the country. He expressed hope that Shangdong and Montenegro would expand investment in key sectors and deepen cooperation in education, technology and people-to-people exchanges. During a roadshow promotional session, Radojica Petrovic, deputy director-general of the Montenegrin Investment Agency, presented the country's development plans in energy, infrastructure, and telecommunications. Noting that China became Montenegro's second-largest investor in 2020, he underscored the vast potential for future cooperation across various sectors. The forum concluded with a B2B session where Chinese and Montenegrin enterprises held in-depth discussions and reached several preliminary cooperation agreements.
