加拿大2025年贸易逆差大幅扩大，对美依赖下降

Core Insights - Canada is projected to experience a significant trade deficit of 31.3 billion CAD in 2025, marking the largest deficit since 2020 and the third consecutive year of trade deficits [1] Export Summary - In 2025, Canada's total exports are expected to decline by 0.2%, with seven out of eleven major product categories experiencing a decrease. The most significant drop is seen in energy products due to falling prices [1] - Strong growth in precious metal exports partially offsets the decline in other product categories. Excluding precious metals, the annual export decline reaches 3% [1] Import Summary - Canada's total imports are anticipated to increase by 2.8% in 2025, driven primarily by growth in metal ores and non-metallic minerals, electronic and electrical equipment and parts, as well as consumer goods [1] Trade Dependency on the U.S. - The trade dependency on the U.S. is expected to decrease in 2025, with exports to the U.S. declining by 5.8% and imports decreasing by 2.9%. The trade surplus with the U.S. narrows from 101.3 billion CAD in 2024 to 81.6 billion CAD [1] Trade with Non-U.S. Partners - In contrast, trade with non-U.S. partners shows strong performance, with exports increasing by 17.2% and imports rising by 12.4% in 2025 [1]