(Kitco News) - According to a data byStatistics Canada (StatCan) released yesterday, total exports from Canada weredown 2.3% in September to $53.0 billion, the first decline after threeconsecutive monthly increases.
StatCan said that exports ofmetal and non-metallic mineral products were also down in September (-8.1%).The sharpest decrease was in exports of unwrought gold and silver, which fell12.1%, primarily because of lower gold asset transfers to Hong Kong and theUnited States in September.
“Partially offsetting thesedeclines were exports of energy products, which rose 6.1% in September. Crudeoil exports (+7.2%), mostly buoyed by rising prices, contributed the most to theincrease, reaching a record high of $9.0 billion in September," StatCan added.
StatCan noted that exports tocountries other than the United States were down 2.6% in September. Severalcountries were behind the decline, including South Korea, Hong Kong, Norway,Switzerland, the Netherlands and Spain.
A sharp increase in exportsof gold to the United Kingdom partially offset those declines, the reportfound.
By Vladimir BasovFor Kitco News
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