Canada recorded a trade surplus of C$770 million in July of 2026, narrowing sharply from the C$4.2 billion in June, marking the first slowdown in four months and well below market expectations of a C$3.6 billion surplus. Imports rose 2.2% to C$75.4 billion, driven by higher purchases of motor vehicles and parts (11.4%), passanger cars and light trucks (19.8%), non-ferrous metals and non-ferrous metal alloys (49.7%), particularly copper anodes from Chile, and higher purchases of gold from US residents in Canada. Exports declined 2.3% to C$76.1 billion, driven by lower shipments of metal and non-metallic mineral products (-8.5%) and energy products (-4.4%), reflecting a shortfall of crude oil (-5.6%) and natural gas (-14%). The decline was partially offset by higher shipments of aircraft and other transportation equipment and parts (34.9%). Meanwhile, exports to the US fell by 6.6%, the sharpest decline since April 2025, while increasing for the Netherlands, China and Germany. source: Statistics Canada

Canada recorded a trade surplus of 770 CAD Million in July of 2026. Balance of Trade in Canada averaged 1043.58 CAD Million from 1971 until 2026, reaching an all time high of 8554.40 CAD Million in January of 2001 and a record low of -7530.20 CAD Million in April of 2025. 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 2026.

Canada recorded a trade surplus of 770 CAD Million in July of 2026. Balance of Trade in Canada is expected to be 4600.00 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 4300.00 CAD Million in 2027 and 4100.00 CAD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-04 12:30 PM
Balance of Trade
Jun C$3.86B C$3.7B C$3.0B C$4.8B
2026-09-03 12:30 PM
Balance of Trade
Jul C$0.77B C$4.2B C$3.6B C$3.2B
2026-10-06 12:30 PM
Balance of Trade
Aug C$0.77B


Related Last Previous Unit Reference
Balance of Trade 770.00 4200.00 CAD Million Jul 2026
Capital Flows 4390.00 -8774.00 CAD Million Jun 2026
Current Account 8800.00 -8300.00 CAD Million Jun 2026
Current Account to GDP -1.40 -0.50 percent of GDP Dec 2025
Exports 76140.00 77960.00 CAD Million Jul 2026
External Debt 4839196.00 4778430.00 CAD Million Mar 2026
Foreign Direct Investment 25888.00 18797.00 CAD Million Jun 2026
Imports 75370.00 73760.00 CAD Million Jul 2026
Oil Exports 12903.20 13670.80 CAD Million Jul 2026
Terms of Trade 103.20 101.30 points Jul 2026
Tourist Arrivals 3767868.00 2891190.00 Jun 2026


Canada Balance of Trade
Between 1980 and 2008, Canada recorded a positive trade balance every year, with an expectation of 1991 and 1992. From 2009 onwards, the trade balance shifted to a deficit. In 2021, it switched again to a trade surplus, with energy products making the largest share of exports. The United States remains the country's biggest trading partner.
Actual Previous Highest Lowest Dates Unit Frequency
770.00 4200.00 8554.40 -7530.20 1971 - 2026 CAD Million Monthly
Current Prices, SA

News Stream
Canada Trade Surplus Much Lower Than Expected
Canada recorded a trade surplus of C$770 million in July of 2026, narrowing sharply from the C$4.2 billion in June, marking the first slowdown in four months and well below market expectations of a C$3.6 billion surplus. Imports rose 2.2% to C$75.4 billion, driven by higher purchases of motor vehicles and parts (11.4%), passanger cars and light trucks (19.8%), non-ferrous metals and non-ferrous metal alloys (49.7%), particularly copper anodes from Chile, and higher purchases of gold from US residents in Canada. Exports declined 2.3% to C$76.1 billion, driven by lower shipments of metal and non-metallic mineral products (-8.5%) and energy products (-4.4%), reflecting a shortfall of crude oil (-5.6%) and natural gas (-14%). The decline was partially offset by higher shipments of aircraft and other transportation equipment and parts (34.9%). Meanwhile, exports to the US fell by 6.6%, the sharpest decline since April 2025, while increasing for the Netherlands, China and Germany.
2026-09-03
Canadian Trade Surplus Rises to 4-Year High
Canada recorded a trade surplus of C$3.86 billion in June of 2026, widening from the C$3.7 billion in May to mark the largest surplus in over four years. Exports rose by 0.4% from the previous month to a record high of C$77.5 billion. Sales rose sharply for metal and non-metallic products (16.5% to C$15.02 billion) amid a 27.9% surge in sales of gold, mostly to the UK. Sales of metal ores and non-metallic minerals rose by 17.3% to C$3.14 billion with support from copper ores. These offset the 10% plunge in energy products (to C$18.37 billion) as the momentary respite in the Middle East war had lowered energy prices. Meanwhile, imports rose by 0.2% to a record of C$73.6 billion with drops in industrial machinery, equipment, and parts (-3.3% to C$7.6 billion) and metal ores and non-metallic minerals (-3.4% to C$2.81 billion). The depreciation of the Canadian dollar in the period lifted trade turnover expressed in the loonie, contributing to the rise in both imports and exports.
2026-08-04
U.S. to Hit Canada with Broad 50% Tariffs
Canada faces the threat of steep new U.S. trade measures after the Trump administration on Monday announced plans to impose a 50% tariff on Canadian imports starting in 30 days, accusing Ottawa of discriminating against U.S. exports, including alcohol, automobiles, and dairy products. The White House said the tariffs would cover a broad range of goods, from hockey sticks to cement, and would also apply to products covered under the U.S.-Mexico-Canada Agreement (USMCA) that had been exempt from previous tariff actions. Only a limited number of products would be spared, including energy, critical minerals, potash, fish, and goods already subject to sector-specific Section 232 tariffs. The move marks a significant escalation in trade tensions between the two neighboring economies and could disrupt cross-border supply chains if implemented.
2026-07-21