Canada reported a trade surplus of CAD 0.5 billion in January 2024, contrasting with a revised deficit of CAD 0.9 billion in December and beating market forecasts of a CAD 0.1 billion surplus. Exports dropped by slower 1.7% over a month to CAD 62.3 billion. Shipments declined most for aircraft & other transportation equipment & parts (-13.9%), primarily aircraft (-25.4%), and metal & non-metallic mineral products (-6.2%), primarily unwrought nickel & nickel alloys (-26.9%) and semi-finished products of non-ferrous metals & non-ferrous metal alloys (-26.5%). Meanwhile, imports decreased by 3.8% to CAD 61.8 billion, the lowest level since February 2022, mainly due to falling purchases of unwrought gold, silver, & platinum group metals (-33.5%), pharmaceuticals (-19.0%), and passenger cars and light trucks (-10.3%). source: Statistics Canada
Canada recorded a trade surplus of 496.10 CAD Million in January of 2024. Balance of Trade in Canada averaged 1142.64 CAD Million from 1971 until 2024, reaching an all time high of 8554.40 CAD Million in January of 2001 and a record low of -5755.00 CAD Million in December of 2018. This page provides the latest reported value for - Canada Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Canada recorded a trade surplus of 496.10 CAD Million in January of 2024. Balance of Trade in Canada is expected to be 2549.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Balance of Trade is projected to trend around 246.00 CAD Million in 2025 and 200.00 CAD Million in 2026, according to our econometric models.