加拿大2025年贸易逆差大幅扩大 对美依赖下降

Core Viewpoint - Canada is projected to experience a significant increase in its merchandise trade deficit, reaching 31.3 billion CAD in 2025, marking the largest deficit since 2020 [1] Trade Deficit - Canada has recorded a trade deficit for the third consecutive year, with deficits of 933 million CAD in 2023 and 7.2 billion CAD in 2024 [1] Exports - Total exports from Canada are expected to decline by 0.2% in 2025, with seven out of eleven major product categories experiencing a decrease [1] - The most significant decline in exports is attributed to energy products due to falling prices, while strong growth in precious metals partially offsets the overall decline [1] - Excluding precious metals, the annual export decline would reach 3% [1] Imports - Imports are projected to increase by 2.8% in 2025, driven primarily by growth in metal ores and non-metallic minerals, electronic and electrical equipment and parts, and consumer goods [1] Trade with the United States - Canada's trade dependency on the United States is expected to decrease in 2025, with exports to the U.S. declining by 5.8% and imports decreasing by 2.9% [1] - The trade surplus with the U.S. is projected to narrow from 101.3 billion CAD in 2024 to 81.6 billion CAD in 2025 [1] Trade with Non-U.S. Partners - In contrast, trade with non-U.S. partners is expected to perform strongly, with exports increasing by 17.2% and imports rising by 12.4% in 2025 [1]