Ottawa (ANTARA) – Statistics Canada said Wednesday (6/9) that the strike of port workers at marine terminals in British Columbia will have a significant impact on Canadian imports and exports in July 2023.
The strike, which began on July 1, disrupted daily operations for more than 13 days, the national statistics agency said.
Along with efforts to clear accumulated goods, according to Statistics Canada, Canada's international trade could also be affected by the situation in the coming months.
In July, customs-cleared imports at British Columbia seaports fell 18.5 percent compared to June. This is the largest drop for the June-July period since 2005.
On a balance of payments basis, according to the agency, there was a large-scale decline in overall imports from Pacific Rim countries in July. Imports of goods that typically arrive through British Columbia seaports, such as consumer goods, electronics, and industrial machinery and equipment, have declined.
Exports leaving British Columbia seaports also declined in July, plunging 23 percent to their lowest level since February 2020.
In July, Canadian merchandise imports fell 5.4 percent, while exports increased 0.7 percent. As a result, Canada's trade deficit with the world narrowed to 987 million Canadian dollars (1 Canadian dollar = 11,200 Rp) or the equivalent of 721 million US dollars (1 US dollar = 15,307 Rp) in July, according to Statistics Canada. .
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