Canada posted a trade surplus of C$5.4 billion in September 2026, the highest since May 2022, widening from the revised C$5 billion in the prior month. Figures surprised analysts who expected a C$4.1 billion surplus. Exports rose by 0.2% mom to a record high of C$78.6 billion, driven by higher shipments of metal and non-metallic mineral products (+8.6%), mainly unwrought gold to the US, alongside energy products (+8.2%), supported by higher prices for crude oil, bitumen and natural gas. Excluding these two product sections, exports fell 5.6% in September, amid the impact of new US tariffs. Meanwhile, total imports fell 0.3% to C$73.2 billion, as reduced purchases of motor vehicle and parts (-9.1%) and consumer goods (-2.9%) were partly offset by a 10.3% jump in electronic and electrical equipment and parts. Canada's merchandise trade surplus was essentially unchanged in the third quarter at $11.2 billion, with both exports and imports rising by 0.2%. source: Statistics Canada

Canada recorded a trade surplus of 5350.10 CAD Million in September of 2026. Balance of Trade in Canada averaged 1055.62 CAD Million from 1971 until 2026, reaching an all time high of 8554.40 CAD Million in January of 2001 and a record low of -7169.20 CAD Million in April of 2025. 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 November of 2026.

Canada recorded a trade surplus of 5350.10 CAD Million in September of 2026. Balance of Trade in Canada is expected to be 4650.00 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 4300.00 CAD Million in 2027 and 4100.00 CAD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-06 12:30 PM
Balance of Trade
Aug C$4.2B C$0.79B C$1.7B C$1.4B
2026-11-04 01:30 PM
Balance of Trade
Sep C$5.35B C$4.95B C$4.1B C$4.0B
2026-12-08 01:30 PM
Balance of Trade
Oct C$5.35B C$ 2.6B


Related Last Previous Unit Reference
Balance of Trade 5350.10 4951.30 CAD Million Sep 2026
Capital Flows 4390.00 -8774.00 CAD Million Jun 2026
Current Account 8800.00 -8300.00 CAD Million Jun 2026
Current Account to GDP -1.40 -0.50 percent of GDP Dec 2025
Exports 78551.10 78408.70 CAD Million Sep 2026
External Debt 5051043.00 4846959.00 CAD Million Jun 2026
Foreign Direct Investment 25888.00 18797.00 CAD Million Jun 2026
Imports 73200.00 73460.00 CAD Million Sep 2026
Oil Exports 14662.70 13300.20 CAD Million Sep 2026
Terms of Trade 105.30 103.90 points Sep 2026
Tourist Arrivals 4222163.00 4584611.00 Aug 2026


Canada Balance of Trade
Between 1980 and 2008, Canada recorded a positive trade balance every year, with an expectation of 1991 and 1992. From 2009 onwards, the trade balance shifted to a deficit. In 2021, it switched again to a trade surplus, with energy products making the largest share of exports. The United States remains the country's biggest trading partner.
Actual Previous Highest Lowest Dates Unit Frequency
5350.10 4951.30 8554.40 -7169.20 1971 - 2026 CAD Million Monthly
Current Prices, SA

News Stream
Canada Trade Surplus Beats Forecasts
Canada posted a trade surplus of C$5.4 billion in September 2026, the highest since May 2022, widening from the revised C$5 billion in the prior month. Figures surprised analysts who expected it at C$4.1 billion. Exports rose by 0.2% mom to a record high of C$78.6 billion, driven by higher shipments of metal and non-metallic mineral products (+8.6%), mainly unwrought gold to the US, alongside energy products (+8.2%), supported by higher prices for crude oil, bitumen and natural gas. Excluding these two product sections, exports fell 5.6% in September, amid the impact of new US tariffs. Meanwhile, total imports fell 0.3% to C$73.2 billion, as reduced purchases of motor vehicle and parts (-9.1%) and consumer goods (-2.9%) were partly offset by a 10.3% jump in electronic and electrical equipment and parts. Canada's merchandise trade surplus was essentially unchanged in the third quarter at $11.2 billion, with both exports and imports rising by 0.2%.
2026-11-04
Canada Trade Surplus Rises to 4-Year High
Canada recorded a trade surplus of C$4.2 billion in August of 2026, widening from the upwardly revised C$0.79 billion in the earlier month to mark the largest trade surplus since May of 2022 and the second-largest since August 2008, despite the appreciation of the Canadian dollar against the greenback. Exports jumped by 2.5% from the previous month to C$77.9 billion as the increase in energy prices due to the war in the Middle East drove energy product sales to surge 4.7%. Exports of consumer goods rose 6.6% and those of industrial machinery and equipment rose 10.1%. Exports to the US surged 8.1% as US consumers likely front-loaded purchases of Canadian goods before a series of tariffs took effect later in the month. Meanwhile, imports fell by 2.0% to C$73.7 billion. Purchases were lower for motor vehicles and parts (-8.8%) and metal and non-metallic mineral products (-7.0%), mainly due to a plunge in unwrought gold, silver, and platinum group metals (-40.0%).
2026-10-06
Canada Trade Surplus Much Lower Than Expected
Canada recorded a trade surplus of C$770 million in July of 2026, narrowing sharply from the C$4.2 billion in June, marking the first slowdown in four months and well below market expectations of a C$3.6 billion surplus. Imports rose 2.2% to C$75.4 billion, driven by higher purchases of motor vehicles and parts (11.4%), passanger cars and light trucks (19.8%), non-ferrous metals and non-ferrous metal alloys (49.7%), particularly copper anodes from Chile, and higher purchases of gold from US residents in Canada. Exports declined 2.3% to C$76.1 billion, driven by lower shipments of metal and non-metallic mineral products (-8.5%) and energy products (-4.4%), reflecting a shortfall of crude oil (-5.6%) and natural gas (-14%). The decline was partially offset by higher shipments of aircraft and other transportation equipment and parts (34.9%). Meanwhile, exports to the US fell by 6.6%, the sharpest decline since April 2025, while increasing for the Netherlands, China and Germany.
2026-09-03