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Other CategoriesChina News Agency, Toronto, June 4 (Reporter Yu Ruidong) - under the impact of the new epidemic, Canada's foreign trade deficit increased to 3.3 billion Canadian dollars in April (the same below), more than twice the 1.5 billion foreign trade deficit in March, according to Statistics Canada on June 4.
Canada's exports fell nearly 30% month on month in April, about 32.7 billion yuan, the lowest level in more than a decade. Imports fell about 25% month on month to C $35.9 billion, a new low since February 2011. The Canadian Bureau of Statistics said that the decline in foreign trade imports and exports was "unprecedented" in terms of both absolute value and percentage.
However, the Canadian Bureau of statistics pointed out that the foreign trade deficit of 3.3 billion yuan is not uncommon, with a deficit of 3.4 billion yuan in February 2019.
The suspension of the auto industry is the biggest reason for the decline in foreign trade. Canada did not produce new cars throughout April. Although automobile assembly plants in North America have gradually resumed production since May, the Canadian Bureau of statistics believes that it is difficult to restore the import and export volume of motor vehicles and parts to the pre epidemic level in a short period of time.
Another big drag on foreign trade is energy products. Canada's crude oil exports fell more than 55% in April, while energy products exports fell by C $3.6 billion, the biggest drop on record. In addition, trade in consumer goods fell sharply overall, with imports of clothing and footwear down 33.6%. However, drug imports increased for the third consecutive month, with a month on month increase of 9.7%.
Canada's total import and export volume in April decreased by 25.8 billion yuan, of which the total trade with the United States fell by 23.4 billion yuan, accounting for more than 90% of the total decline. Canada's trade surplus with the United States decreased from 3.5 billion in March to 2.2 billion in April.
Statistics Bureau of Canada released new trade data of medical and protective articles on the same day. In April, the import volume of personal protective equipment was 491 million yuan, with a month on month increase of about 67% and a year-on-year increase of more than 62%. The import volume of medical masks suitable for use in virus environment increased from 5 million yuan per month in the first quarter to 74 million yuan in April, 95% of which were imported from China and 4% from the United States.
Canadian Prime Minister Trudeau said in a video conference on the 4th of the global vaccine summit that the world needs to share vaccines to overcome the new epidemic.
The public health department of Canada released the third epidemic model since the outbreak of the new crown epidemic on the same day. The curve shows that the increase in the number of cases of all ages in the country has shown a downward trend. But in the past two weeks, more than 90% of the new cases have come from Quebec, where Montreal belongs, and Ontario, where Toronto belongs. The model predicts that by June 15, the cumulative number of cases in the country will reach about 98000 to 107000, and the number of related deaths will reach 7700 to 9400.
As of the evening of June 4, there were 93726 confirmed and suspected cases in Canada, 51739 recovered and 7637 related deaths.
Canadian public health officials believe that there are signs that Canada's prevention and control measures have worked. But they warned that if the economy is restarted carelessly, the epidemic is likely to have an "explosive" rebound.
