B.C. trade falls back in April amid U.S. tariffs, construction slowdown

By Bryan Yu, chief economist, Central 1
Victoria Times Colonist
June 24, 2026
Category: Business & Politics
Region: Canada West

A volatile trade picture in B.C. continued into April as goods exports fell four per cent month-to-month (unadjusted for seasonality) to $4.5 billion, while imports fell by a more rapid clip of 14 per cent to $6.2 billion. That said, exports were still up significantly year-over-year by 6.7 per cent, while imports rose a more modest 2.1 per cent. …Current year-over-year growth has been driven primarily by energy products, which rose 9.7 per cent (+$128 million), along with metal ores and non-metallic minerals… In contrast, the beleaguered forestry sector declined nine per cent (-$81 million) to $823 million, although April marked the highest monthly export value for the sector in nine months. Forestry continues to face headwinds from elevated U.S. softwood lumber duties, broader trade measures (including Section 232 tariffs), timber supply constraints and softer demand conditions. Year-to-date … forestry exports fell 24.8 per cent (-$1 billion)… In B.C., building permit activity receded sharply in April…

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