Canada Balance of Trade  1971-2017 | Data | Chart | Calendar | Forecast

Canada's trade deficit narrowed to CAD 0.14 billion in March of 2017, following an upwardly revised CAD 1.08 billion gap in the previous month and better than market expectations of a CAD 0.9 billion deficit. Exports were up 3.8 percent to CAD 47 billion, due to stronger sales of energy products and consumer goods. Imports rose 1.7 percent to CAD 47.1 billion, driven by metal and non-metallic mineral products, industrial machinery, equipment and parts and motor vehicles and parts. Balance of Trade in Canada averaged 1442.94 CAD Million from 1971 until 2017, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -4257.50 CAD Million in September of 2016.

Canada Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-07 01:30 PM Jan C$0.81B C$0.45B C$0.7B C$0.75B
2017-04-04 12:30 PM Feb C$-0.97B C$0.42B C$0.5B C$0.7B
2017-05-04 12:30 PM Mar C$-0.14B C$-1.08B C$-0.85B C$1B
2017-06-02 12:30 PM Apr C$-0.14B C$-0.3B
2017-07-06 12:30 PM May
2017-08-04 12:30 PM Jun




Canada Trade Gap Narrows Sharply In March


Canada's trade deficit narrowed to CAD 0.14 billion in March of 2017, following an upwardly revised CAD 1.08 billion gap in the previous month and better than market expectations of a CAD 0.9 billion deficit. Exports were up 3.8 percent, due to stronger sales of energy products and consumer goods. Imports rose 1.7 percent, driven by metal and non-metallic mineral products, industrial machinery, equipment and parts and motor vehicles and parts.

Total exports rose 3.8 percent to a record high CAD 47 billion. There were higher exports of energy products (7 percent), consumer goods (6.8 percent) and metal and non-metallic mineral products (7.1 percent). Sales excluding energy products were also up 3.1 percent.

Exports to the United States edged up 0.1 percent to CAD 34.4 billion. However, exports to countries other than the United States jumped 15.3 percent to a record high CAD 12.6 billion. Higher exports to China (gold and coal), India (vegetables) and South Korea (coal and copper) were responsible for the increase.

Total imports went up 1.7 percent to CAD 47.1 billion. Higher imports of metal and non-metallic mineral products (10.4 percent), industrial machinery, equipment and parts (4.1 percent) and motor vehicles and parts (1.5 percent) contributed the most to the increase.

Imports from the United States advanced 2 percent to CAD 30.4 billion. Also, imports from countries other than United States increased 1.2 percent to CAD 16.7 percent, mainly on higher imports from Saudi Arabia (crude oil) and the United Kingdom.

Year-on-year, exports rose 12.9 percent and imports advanced 5.6 percent.

On a quarterly basis, exports increased 1.7% and also reaching a record high of CAD 138.6 billion due to higher exports of energy products.

Total Imports went up 2.6 percent reaching a record high CAD 139.7 billion. Increases were observed in imports of motor vehicles and parts, energy products, and aircraft and other transportation equipment and parts.



Statistics Canada | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/4/2017 1:24:51 PM



Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -134.70 -1081.30 8524.80 -4257.50 CAD Million [+]
Exports 46977.20 45252.70 46977.20 1366.00 CAD Million [+]
Imports 47111.90 46334.00 47704.90 1112.00 CAD Million [+]
Current Account -10726.00 -18299.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -3.30 -2.30 2.70 -4.20 percent [+]
External Debt 615.99 612.33 615.99 14.82 CAD Billion [+]
Terms of Trade 91.20 90.60 110.30 81.20 Index Points [+]
Foreign Direct Investment 9741.00 7030.00 50326.00 -8640.00 CAD Million [+]
Capital Flows 0.00 -40.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.19 0.00 Tonnes [+]
Crude Oil Production 4107.00 3893.00 4107.00 955.00 BBL/D/1K [+]
Weapons Sales 127.00 357.00 469.00 38.00 USD Million [+]
Terrorism Index 2.52 2.30 3.00 0.65 [+]
Tourist Arrivals 1670640.00 1467119.00 7006165.00 1138895.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Canada Balance of Trade Notes

Between 1970 and 2008 Canada had been recording trade surpluses every year but from 2009 trade balance shifted to deficit as imports value increased more than exports. In 2016, the largest trade deficits were recorded with China, Germany and Mexico, while the biggest trade surpluses were recorded with the United States, the United Kingdom and India. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-134.70 -1081.30 8524.80 -4257.50 1971 - 2017 CAD Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico 616.79 Apr/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17