Exports from Canada rose 0.5% month-over-month to CAD 46.8 billion in November of 2020, the highest reading since February, before the coronavirus pandemic. Exports of metal and non-metallic mineral products increased 11.6% in November, mainly on higher exports of unwrought gold, silver and platinum group metals, and their alloys (+25.8%). Increased exports of refined gold to the United Kingdom were behind this surge, resulting from a rise in sales of cast gold bullion bars, as well as higher transfers of gold within the banking system. Exports of metal ores and non-metallic minerals (+26%) also rose significantly, boosted by sales of copper ores (+84.6%) and iron ores (+26.0%). These increases were offset in part by lower exports of motor vehicles and parts (-4.1%), coinciding with lower motor vehicle production in the US. Shipments also fell for forestry products and building and packaging materials (-6.8%), amid lower exports of lumber (-11.6%). source: Statistics Canada
Exports in Canada averaged 22962.42 CAD Million from 1971 until 2020, reaching an all time high of 52538.90 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 January of 2021.
Exports in Canada is expected to be 48300.00 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 50800.00 in 12 months time. In the long-term, the Canada Exports is projected to trend around 51200.00 CAD Million in 2022, according to our econometric models.