Canada Balance of Trade 1971-2015 | Data | Chart | Calendar | Forecast

Canada's merchandise trade deficit decreased to CAD 0.48 billion in June from an upwardly revised CAD 3.37 billion deficit in May, as exports rose 6.3 percent while imports shrank 0.6 percent. Balance of Trade in Canada averaged 1573.43 CAD Million from 1971 until 2015, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -3853 CAD Million in March of 2015. Balance of Trade in Canada is reported by the Statistics Canada.

Canada Balance of Trade
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-476.00 -2992.00 8524.80 -3853.00 1971 - 2015 CAD Million Monthly
International trade makes up a large part of the Canadian economy. Exports amount to more than 45% of its GDP. The United States is by far its largest trading partner, accounting for about 79% of exports and 54% of imports as of 2008. Canada is one of the few developed nations that are a net exporter of energy. Canada imports mostly machinery and equipment, motor vehicles and parts, electronics, chemicals, electricity and durable consumer goods. 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. Content for - Canada Balance of Trade - was last refreshed on Sunday, August 30, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-03 01:30 PM Apr C$-2.97B C$-3.85B(R) CAD -2.1B -1.5B
2015-07-07 01:30 PM May C$-3.34B C$-2.99B(R) CAD -2.5B -3.3B
2015-08-05 01:30 PM Jun C$-0.48B C$-3.37B(R) CAD -2.8B -3.4B
2015-09-03 01:30 PM Jul C$-0.48B C$-1.2B C$-1.4B
2015-10-02 01:30 PM Aug -1.4B
2015-11-04 01:30 PM Sep -1.4B


Canada Trade Deficit Narrows More Than Expected in June


Canada's merchandise trade deficit decreased to CAD 0.48 billion in June from an upwardly revised CAD 3.37 billion deficit in May, as exports rose 6.3 percent while imports shrank 0.6 percent.

Exports grew to CAD 44.6 billion in June, the first increase in six months. Exports of consumer goods rose 17.2 percent to a record CAD 6.0 billion, led by pharmaceutical and medicinal products (+41.7 percent), prepared and packaged seafood products (+128.9 percent) and miscellaneous goods and supplies (+17.1 percent). Exports of metal and non-metallic mineral products grew 10.8 percent to CAD 5.1 billion, mainly driven by higher sales of precious metals and precious metal alloys (+18.3 percent). Excluding energy products, shipments were up 6.9 percent.

Imports declined to CAD 45.1 billion in June. Imports of aircraft and other transportation equipment and parts fell 19 percent to CAD 1.3 billion, led by aircraft, which declined by CAD 264 million. Purchases of energy products were down 10.4 percent to CAD 2.7 billion. Meanwhile, imports of electronic and electrical equipment and parts rose 3.3 percent and metal and non-metallic mineral products imports grew 3.6 percent. 

In the second quarter, overall imports increased 0.2 percent from the first quarter. In real terms, quarterly imports were up 0.3 percent. Total exports increased 0.7 percent in the second quarter. However, in real terms, quarterly exports were virtually unchanged from the first quarter.

Year-on-year, total exports shrank 1 percent while imports grew 4.4 percent.

Statistics Canada | joana.ferreira@tradingeconomics.com
8/5/2015 3:18:31 PM


Recent Releases

Canada Trade Deficit Widens in May
Canada's merchandise trade deficit increased to CAD 3.34 billion in May from an downwardly revised CAD 2.99 billion deficit in April, as exports were down 0.6 percent while imports rose 0.2 percent.
Published on 2015-07-07

Canada Trade Deficit Narrows in April
Canada's merchandise trade deficit shrank to CAD 2.97 billion in April from an upward revised CAD 3.85 billion deficit in March, as exports were down 0.7 percent and imports declined at a faster 2.5 percent.
Published on 2015-06-03

Canada Trade Deficit Widens to Record High in March
Canada's merchandise trade deficit grew to CAD 3.02 billion in March from a revised CAD 2.22 billion deficit in February, as exports were up 0.4 percent and imports grew at a faster pace by 2.2 percent.
Published on 2015-05-05

Canada Trade Deficit Narrows in February
Canada's merchandise trade deficit shrank to CAD 984 million in February from a revised CAD 1.5 billion in January, as exports were up 0.4 percent and imports declined 0.7 percent.
Published on 2015-04-02


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -476.00 -2992.00 8524.80 -3853.00 CAD Million [+]
Exports 44609.00 41969.00 45537.80 1366.00 CAD Million [+]
Imports 45085.00 45344.00 46051.00 1112.00 CAD Million [+]
Current Account -17466.00 -13050.00 12223.00 -19565.00 CAD Million [+]
Current Account to GDP -2.10 -2.90 2.70 -4.20 percent [+]
External Debt 611.88 609.39 611.88 14.82 CAD Billion [+]
Terms of Trade 92.90 92.50 110.30 81.20 Index Points [+]
Foreign Direct Investment 6670.00 20390.00 50740.00 -8173.00 CAD Million [+]
Capital Flows -50.00 -14.00 19.00 -672.00 CAD Million [+]
Gold Reserves 2.99 2.99 46.19 2.99 Tonnes [+]
Crude Oil Production 3202.00 3910.00 3911.00 955.00 BBL/D/1K [+]
Tourist Arrivals 3306443.00 2453533.00 7006165.00 1138895.00 [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2933.00 Jun/15 -2677.00 2254.00 -4156.00 AUD Million [+]
Brazil 2379.00 Jul/15 4527.00 5659.37 -4058.14 USD Million [+]
Canada -476.00 Jun/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 430.25 Jul/15 465.36 606.19 -319.71 USD Hundred Million [+]
Euro Area 26368.70 Jun/15 18800.00 26368.70 -16748.10 EUR Million [+]
France -2658.00 Jun/15 -3999.00 2674.00 -7086.00 EUR Million [+]
Germany 24038.00 Jun/15 19522.00 24038.00 -535.91 EUR Million [+]
India -12812.46 Jul/15 -10830.00 258.90 -20210.90 USD Million [+]
Indonesia 1330.00 Jul/15 528.00 4641.92 -2329.13 USD Million [+]
Italy 2808.95 Jun/15 4140.00 6923.00 -6389.30 EUR Million [+]
Japan -268.06 Jul/15 -69.00 1608.67 -2795.04 JPY Billion [+]
Mexico -2267.00 Jul/15 -749.00 1710.25 -3292.30 USD Million [+]
Netherlands 4760.00 Jun/15 3280.00 6211.40 -907.60 EUR Million [+]
Russia 11228.00 Jul/15 13775.00 20356.00 -185.00 USD Million [+]
South Korea 7760.00 Jul/15 9980.00 9980.00 -4043.45 USD Million [+]
Spain -2046007.00 Jun/15 -1657308.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3741.00 Jul/15 3509.00 3894.91 -1478.68 CHF million [+]
Turkey -6205.89 Jun/15 -6753.00 24.51 -10453.06 USD Million [+]
United Kingdom -1601.00 Jun/15 -885.00 2946.00 -5397.00 GBP Million [+]
United States -43840.00 Jun/15 -40940.00 1946.00 -67823.00 USD Million [+]