Canada Balance of Trade

Canada recorded a trade deficit of 151.90 CAD Million in May of 2014. Balance of Trade in Canada averaged 1627.66 CAD Million from 1971 until 2014, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -2902.90 CAD Million in July of 2012. Balance of Trade in Canada is reported by the Statistics Canada.


Canada Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-151.90 -960.60 8524.80 -2902.90 1971 - 2014 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 - Canada Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada Trade Deficit Narrows in May

Canada trade gap narrowed to CAD 152 million in May of 2014, down from a revised CAD 961 million in the previous month. Exports increased to the second highest value on record, led by sales of motor vehicles and parts.

Exports advanced 3.5 percent in May of 2014 to CAD 44.2 billion from the previous month. Sales of motor vehicles and parts grew 9.8 percent to CAD 6.6 billion in May, a fourth consecutive monthly increase.

Shipments to the United States advanced 2.1 percent to CAD 33.5 billion in May, led by passenger cars and light trucks sales. Exports to countries other than the United States grew 8.3 percent to CAD 10.7 billion. 

Imports amounted to CAD 44.3 billion in May of 2014, a 1.6 percent increase from the previous month, driven by higher purchases of motor vehicles and parts as well as metal ores and non-metallic minerals (6.7 percent).

Imports from the United States edged down 0.2 percent to CAD 28.7 billion. Imports from countries other than the United States rose 5.1 percent to CAD 15.6 billion, led by the European Union (+12.4 percent). 

Statistics Canada | Isabel Felino |
7/3/2014 2:23:26 PM

Recent Releases

Canada Reports Trade Deficit in April
Canada recorded a trade gap of CAD 638 Million in April as exports declined 1.8 percent and imports hit a new record high rising 1.4 percent. Published on 2014-06-04

Canada's Trade Surplus Narrows in March
Canada's trade surplus declined to CAD 79 million in March from CAD 847 million in February as exports decreased 1.4 percent and imports reached a record high. Although the March figure was lower than expected, it was the second consecutive monthly surplus since the end of 2011. Published on 2014-05-06

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-03 01:30 PM Canada
Balance of Trade
Feb 2014 CAD 0.29B CAD -0.34B (R) CAD 0.2B CAD -0.5B
2014-05-06 01:30 PM Canada
Balance of Trade
Mar 2014 CAD 0.08B CAD 0.85B (R) CAD 0.4B CAD -0.2B
2014-06-04 01:30 PM Canada
Balance of Trade
Apr 2014 CAD -0.64B CAD 0.77B (R) CAD 0.1B CAD 0.1B
2014-07-03 01:30 PM Canada
Balance of Trade
May 2014 CAD -0.15B CAD -0.96B (R) CAD -0.30B CAD -0.1B
2014-08-06 01:30 PM Canada
Balance of Trade
Jun 2014 CAD -0.15B CAD -0.1B

Trade Last Previous Highest Lowest Unit
Balance of Trade -151.90 -960.60 8524.80 -2902.90 CAD Million [+]
Exports 44167.50 42660.50 44538.30 1366.00 CAD Million [+]
Imports 44319.40 43463.20 44319.40 1112.00 CAD Million [+]
Current Account -12386.00 -15644.00 12223.00 -19565.00 CAD Million [+]
Current Account to GDP -3.20 -3.40 2.70 -4.20 Percent [+]
External Debt 602.44 583.58 602.44 15.00 CAD Billion [+]
Terms of Trade 97.80 97.90 110.30 81.20 Index Points [+]
Foreign Direct Investment 322.00 -658.00 3406.00 -2013.00 CAD Million [+]
Capital Flows -4.00 -2.00 19.00 -672.00 CAD Million [+]
Gold Reserves 2.99 2.99 46.19 2.99 Tonnes [+]
Crude Oil Production 3595.00 3508.00 3595.00 955.00 BBL/D/1K [+]

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