Exports from Canada fell 4.7% from a month earlier to CAD 46.3 billion in March, the lowest level since January 2018 but above market expectations of CAD 45 billion. Exports declined for energy products (-7.4%), of which crude oil (-7.9%); passenger cars and light trucks (-9.8%); and engines and parts (-28.9%). Also, aircraft exports fell CAD 469 million; and exports of boats and other transportation equipment fell 63.3% to CAD 97.7 million, the lowest level since January 2018. Moderating the overall decrease were higher exports of farm, fishing and intermediate food products (+12.1%). Exports declined to both the United States (-4.9%) and to countries other than the United States (-4.1%), mainly to the United Kingdom (gold) and Saudi Arabia (other transportation equipment). In the first quarter of 2020, exports decreased 3.0%, a third consecutive quarterly decline. Exports of energy products (-6.8%) and motor vehicles and parts (-6.6%) contributed the most to the decrease.
Exports in Canada averaged 22699.21 CAD Million from 1971 until 2020, reaching an all time high of 52507.90 CAD Million in May of 2019 and a record low of 1366 CAD Million in February of 1971. This page provides the latest reported value for - Canada Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Exports - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Canada
Exports in Canada is expected to be 50000.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Canada to stand at 50300.00 in 12 months time. In the long-term, the Canada Exports is projected to trend around 50800.00 CAD Million in 2021 and 51200.00 CAD Million in 2022, according to our econometric models.