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

Canada's merchandise trade balance with the world posted a CAD 3.0 billion deficit in July of 2017, following an upwardly revised CAD 3.8 billion gap in June and better than market expectations of a CAD 3.1 billion shortfall. Exports fell 4.9 percent to CAD 44.1 billion and imports declined 6 percent to CAD 47.2 billion affected by widespread price decreases as Canadian dollar appreciated sharply against USD in July. Balance of Trade in Canada averaged 1415.21 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 Gap Narrows in July


Canada reported a CAD 3.0 billion trade deficit in July of 2017, following an upwardly revised CAD 3.8 billion gap in June and better than market expectations of a CAD 3.1 billion shortfall. Exports fell 4.9 percent to CAD 44.1 billion and imports declined 6 percent to CAD 47.2 billion affected by widespread price decreases as Canadian dollar appreciated sharply against USD in July.

Exports decreased 4.9 percent to CAD 44.1 billion in July 2017 from a downwardly revised CAD 46.4 billion in the previous month. The biggest declines were observed in shipments of motor vehicles and parts (-9.6 percent), and aircraft and other transportation equipment and parts (-18.3 percent). Sales excluding energy products were down 5.2%. 

Exports to the United States fell 3.2 percent to CAD 33.3 billion, dragged down by lower sales of passenger cars and light trucks. Also, exports to the countries other than the United States were down 10 percent with biggest decreases reported for: unwrought gold to the United Kingdom;  copper, canola and seafood to Japan; and personal transportation equipment to Saudi Arabia.

Total imports declined 6 percent to CAD 47.2 billion, first drop in seven mointh, from an upwardly revised CAD 50.2 billion in the previous month. This occurred as the Canadian dollar gained 3.6 cents US relative to the American dollar from June to July. The decline was partially attributable to aircraft and other transportation equipment and parts (-35.2 percent), as well as motor vehicles and parts (-4.4 percent).

Imports from the United States went down 6.7 percent to CAD 30.4 billion, led by lower aircraft imports. Imports from countries other than United States were down 4.7 percent, with biggest decreases reported for bauxite from Brazil and motor vehicle parts from Mexico. 

Year-on-year, exports were up 2.2% while imports rose 4 percent.

Statistics Canada |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/6/2017 1:34:40 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-06 12:30 PM Balance of Trade C$-1.09B C$-0.55B C$-0.53B C$0.3B
2017-08-04 12:30 PM Balance of Trade C$-3.60B C$-1.36B C$-1.35B C$-1B
2017-09-06 12:30 PM Balance of Trade C$-3.04B C$-3.76B C$-3.1B C$-4B
2017-10-05 12:30 PM Balance of Trade C$-3.04B
2017-11-03 12:30 PM Balance of Trade
2017-12-05 01:30 PM Balance of Trade


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -3040.40 -3764.10 8524.80 -4256.70 CAD Million [+]
Exports 44138.60 46434.40 48891.30 1366.00 CAD Million [+]
Imports 47179.00 50198.50 50198.50 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 90.40 89.40 110.30 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 3614.00 3443.00 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 4531101.00 3696985.00 7006165.00 1138895.00 [+]

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3040.40 -3764.10 8524.80 -4256.70 1971 - 2017 CAD Million Monthly




balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.64 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -2099000.00 Jul/17
Switzerland 2173.00 Aug/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17