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

Canada's merchandise trade balance with the world posted a CAD 3.6 billion deficit in June, widening from a CAD 1.4 billion deficit in May. Exports fell 4.3 percent to CAD 46.5 billion in June. This sharp decrease was mainly due to lower exports of unwrought gold and energy products. Imports edged up 0.3 percent to CAD 50.1 billion, led by an increase in gold bullion. Balance of Trade in Canada averaged 1424.28 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 Biggest in 9 Months


Canada's merchandise trade balance with the world posted a CAD 3.6 billion deficit in June, widening from a CAD 1.4 billion deficit in May. Exports fell 4.3 percent to CAD 46.5 billion in June. This sharp decrease was mainly due to lower exports of unwrought gold and energy products. Imports edged up 0.3 percent to CAD 50.1 billion, led by an increase in gold bullion.

Total exports declined 4.3 percent to a CAD 46.5 billion. Metal and non-metallic mineral products (-14.9 percent) and energy products (-9.2 percent) were the largest contributors to the decrease. Sales excluding energy declined 3.4 percent.

Exports to the United States fell 4.5 percent to CAD 34.5 billion. In addition, exports to countries other than the United States were also down 4 percent, mainly due to lower exports of unwrought gold to the United Kingdom as well as lower exports of coal to Japan.

Total imports also went up 0.3 percent to a new record high of CAD 50.1 billion. The main positive contributions came from metal ores and non-metallic minerals (39.1 percent); other metal ores and concentrates  (48.8 percent) and aircraft and other transportation equipment and parts (11.7 percent).

Imports from the United States fell 0.7 percent to CAD 32.4 billion. Imports from countries other than the United States were up 2.1 percent, led by Brazil (bauxite) and South Korea (passenger cars).

Year-on-year, exports rose 12.4 percent and imports by 10.4 percent.

Statistics Canada |Luisa Carvalho |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/4/2017 1:35:18 PM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-02 12:30 PM Apr C$-0.37B C$-0.94B C$-0.07B C$-0.3B
2017-07-06 12:30 PM May C$-1.09B C$-0.55B C$-0.53B C$0.3B
2017-08-04 12:30 PM Jun C$-3.60B C$-1.36B C$-1.35B C$-1B
2017-09-06 12:30 PM Jul C$-3.60B
2017-10-05 12:30 PM Aug
2017-11-03 12:30 PM Sep


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -3601.90 -1359.50 8524.80 -4256.70 CAD Million [+]
Exports 46512.60 48621.90 48621.90 1366.00 CAD Million [+]
Imports 50114.50 49981.40 50114.50 1112.00 CAD Million [+]
Current Account -14053.00 -11784.00 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 89.40 90.20 110.30 81.20 Index Points [+]
Foreign Direct Investment 8678.00 11537.00 50326.00 -8640.00 CAD Million [+]
Capital Flows -51.00 0.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.19 0.00 Tonnes [+]
Crude Oil Production 3443.00 3607.00 4107.00 955.00 BBL/D/1K [+]
Weapons Sales 127.00 357.00 469.00 38.00 USD Million [+]
Terrorism Index 2.52 2.30 3.00 0.65 [+]
Tourist Arrivals 3696985.00 2602303.00 7006165.00 1138895.00 [+]

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



Canada Balance of Trade Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3601.90 -1359.50 8524.80 -4256.70 1971 - 2017 CAD Million Monthly



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1431000.00 May/17
Switzerland 2812.51 Jun/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17