Canada posted a trade surplus of CAD 4.1 billion in July of 2022, narrowing from a downwardly revised surplus of CAD 4.9 billion in the previous month but surpassing expectations of a CAD 3.8 billion net positive balance. Exports fell by 2.8 percent to CAD 68.3 billion, the first monthly decrease in 2022, as lower energy prices prompted a decline in sales of energy products (-4.2 percent). Outbound shipments also fell sharply for consumer goods (-14.3 percent), pharmaceutical goods (-49.1 percent), and metal and non-metallic goods (-8.4 percent). Imports fell by a slower 1.8 percent to CAD 64.2 billion, amid a decrease in purchases of consumer goods (-4.2 percent), energy (-10.2 percent), and industrial equipment and parts (-6 percent). On the other hand, imports of motor vehicles and parts surged 8.4 percent. source: Statistics Canada
Balance of Trade in Canada averaged 1172.44 CAD Million from 1971 until 2022, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -5755 CAD Million in December of 2018. 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 September of 2022.
Balance of Trade in Canada is expected to be 3616.00 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 2127.00 CAD Million in 2023 and 1015.00 CAD Million in 2024, according to our econometric models.