(MENAFN) According to Canada's statistics agency, the country's trade deficit widened to USD2 billion in January, as exports dropped due to falling crude oil prices, The Peninsula Qatar reported.
The figure was more than doubled from December's trade deficit and the second largest since a record of USD2.29 billion deficit registered in July 2012, data from Statistics Canada showed.
Exports declined 2.8 percent to USD33.7 billion, while imports were largely unchanged. Exports of crude bitumen fell 23 percent, while exports of metals and non-metal products were down.
Imports from most countries other than the United States edged up, notably from China. Britain and Saudi Arabia were the exception, both shipping less to Canada in January.
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