Exports from Canada surged 6.3 percent over a month to a fresh record high of CAD 63.6 billion in March of 2022, above market forecasts of CAD 61.76 billion. Shipments rose in 9 of 11 product sections, with higher prices playing again a major role in the overall increase. Main upward pressure came mostly from energy products (12.8%), which accounted for over a quarter of exports in March, while exports of non-energy products rose at a slower 4%. In particular, overseas sales of metal ores and non-metallic minerals jumped 19.4%, namely potash (+22.5%). Demand for Canadian fertilizers has increased since the Russian invasion of Ukraine and the resulting sanctions that have been imposed on trade with Russia, pushing Canadian exports of potash to record levels. Shipments of motor vehicles and parts increased by 7.9%, reflecting higher manufacturing activity throughout North America. source: Statistics Canada
Exports in Canada averaged 23762.08 CAD Million from 1971 until 2022, reaching an all time high of 63628.40 CAD Million in March of 2022 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 2022.
Exports in Canada is expected to be 58269.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Exports is projected to trend around 58500.00 CAD Million in 2023 and 58200.00 CAD Million in 2024, according to our econometric models.