Canadian commodity exports increased for the second month in a row in October, but was dragged down by a decline in crude oil and asphalt shipments, and the growth rate was slower than last month. This was mainly related to falling prices and the shutdown of US refineries. Despite this, Canada's exports to countries other than the US have increased substantially. Energy is Canada's core export commodity, and most of it is sold to the US, but crude oil exports to other parts of the world are rising. According to data provided by Statistics Canada, the share of crude oil sold to countries other than the US reached 8.3% in the first 10 months of 2025, compared to only 4.4% in the same period in 2024.

Canadian commodity exports increased for the second month in a row in October, but was dragged down by a decline in crude oil and asphalt shipments, and the growth rate was slower than last month. This was mainly related to falling prices and the shutdown of US refineries. Despite this, Canada's exports to countries other than the US have increased substantially. Energy is Canada's core export commodity, and most of it is sold to the US, but crude oil exports to other parts of the world are rising. According to data provided by Statistics Canada, the share of crude oil sold to countries other than the US reached 8.3% in the first 10 months of 2025, compared to only 4.4% in the same period in 2024.