Canada Balance of Trade  1971-2017 | Data | Chart | Calendar | Forecast

Canada's merchandise trade deficit with the world totaled CAD 3.17 billion in September 2017, essentially unchanged from a CAD 3.18 billion gap in the previous month and above market expectations of CAD 3 billion shortfall. Exports were down 0.3 percent on lower passenger car and light truck exports, while imports decreased 0.3 percent on lower prices. Balance of Trade in Canada averaged 1399.40 CAD Million from 1971 until 2017, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -4256.70 CAD Million in September of 2016.

Canada Balance of Trade
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Canada Trade Deficit Unchanged in September


Canada's merchandise trade deficit with the world totaled CAD 3.17 billion in September 2017, essentially unchanged from a CAD 3.18 billion gap in the previous month and above market expectations of CAD 3 billion shortfall. Exports were down 0.3 percent on lower passenger car and light truck sales, while imports decreased 0.3 percent on lower prices.

Total exports were down 0.3 percent to CAD 43.6 billion in September, the fourth consecutive monthly decline since the record high in May. Lower exports of motor vehicles and parts were largely offset by higher exports of energy products. Shipments of motor vehicles and parts fell 10.6 percent to CAD 6.5 billion. Prices decreased 0.6 percent, while volumes rose 0.3 percent. Exports excluding energy products fell 1.8 percent. However, exports excluding motor vehicles and parts were up 1.8 percent. Year-on-year, total exports rose 0.3 percent. 

Exports to the United States fell 1.2 percent to CAD 32.3 billion in September, due to lower exports of passenger cars and light trucks. Exports to countries other than the United States rose 2.4 percent to CAD 11.3 billion, as higher exports to China (unwrought gold) and Brazil (pharmaceutical products) were partially offset by lower exports to Japan (iron, coal and copper).

Total imports amounted to CAD 46.7 billion, down 0.3 percent from the previous month. Declines in the electronic and electrical equipment and parts and consumer goods sections were mostly offset by higher imports of energy products. Purchases of electronic and electrical equipment and parts were down 4.6 percent to CAD 5.1 billion. Prices decreased 1.5 percent, while volumes were up 1.3 percent. Year-on-year, total imports fell 2.0 percent.

Imports from the United States rose 0.4 percent to CAD 30.1 billion. As a result, Canada's trade surplus with the United States narrowed from CAD 2.7 billion in August to CAD 2.2 billion. Imports from countries other than the United States fell 1.4 percent to CAD 16.6 billion. Lower imports from Switzerland (pharmaceutical products) and Japan (gold bars) were partially offset by higher imports from Saudi Arabia (crude oil) and Singapore.

Statistics Canada | Marta Dubiel | marta.dubiel@tradingeconomics.com
11/3/2017 2:29:11 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-06 12:30 PM Balance of Trade C$-3.04B C$-3.76B C$-3.1B C$-4B
2017-10-05 12:30 PM Balance of Trade C$-3.41B C$-2.98B C$-2.6B C$-2.8B
2017-11-03 12:30 PM Balance of Trade C$-3.18B C$-3.18B C$-3B C$-2.5B
2017-12-05 01:30 PM Balance of Trade C$-3.18B


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -3179.70 -3181.40 8524.80 -4256.70 CAD Million [+]
Exports 43560.00 43690.00 48786.90 1366.00 CAD Million [+]
Imports 46740.00 46870.00 50104.20 1112.00 CAD Million [+]
Current Account -16319.00 -12921.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -3.30 -3.40 2.70 -4.20 percent [+]
External Debt 615.99 612.33 615.99 14.82 CAD Billion [+]
Terms of Trade 92.20 90.40 110.30 81.20 Index Points [+]
Foreign Direct Investment 223.00 11576.00 50326.00 -8640.00 CAD Million [+]
Capital Flows 0.00 -51.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.19 0.00 Tonnes [+]
Crude Oil Production 3942.00 3729.00 4107.00 955.00 BBL/D/1K [+]
Terrorism Index 2.96 2.52 3.00 0.65 [+]
Tourist Arrivals 4183681.00 4531101.00 7006165.00 1138895.00 [+]
Weapons Sales 127.00 357.00 469.00 38.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Canada Balance of Trade

Between 1970 and 2008 Canada had been recording trade surpluses every year but from 2009 trade balance shifted to deficit as imports value increased more than exports. In 2016, the largest trade deficits were recorded with China, Germany and Mexico, while the biggest trade surpluses were recorded with the United States, the United Kingdom and India. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3179.70 -3181.40 8524.80 -4256.70 1971 - 2017 CAD Million Monthly




balance of trade by Country
Country Last
Australia 1745.00 Sep/17
Brazil 5201.00 Oct/17
Canada -3179.70 Sep/17
China 381.74 Oct/17
Euro Area 26364.90 Sep/17
France -4669.00 Sep/17
Germany 24100.00 Sep/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -1886.40 Sep/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7300.00 Oct/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -8134.57 Sep/17
United Kingdom -2754.00 Sep/17
United States -43495.00 Sep/17