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

Canada recorded a trade deficit of 3339.60 CAD Million in May of 2015. 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.

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Canada Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-3339.60 -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 Wednesday, July 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-05 01:30 PM Mar CAD -3.02B CAD -2.22B (R) CAD -0.8B CAD 0.1B
2015-06-03 01:30 PM Apr CAD -2.97B CAD -3.85B (R) CAD -2.1B CAD -1.5B
2015-07-07 01:30 PM May CAD -3.34B CAD -2.99B (R) CAD -2.5B CAD -3.3B
2015-08-05 01:30 PM Jun CAD -3.34B CAD -3.6B
2015-09-04 01:30 PM Jul CAD -3.9B
2015-10-02 01:30 PM Aug CAD -4.1B


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.

Exports declined to CAD 42.0 billion in May, the fifth consecutive monthly decrease. Exports of metal and non-metallic mineral products were down 5.8 percent, driven by a 19.7 percent decrease of fabricated metal products; and sales of unwrought precious metals and precious metal alloys (-4.6 percent) and unwrought nickel and nickel alloys (-13.4 percent) also fell. Metal ores and non-metallic minerals fell 9.2 percent, with the largest decreases occurring in other metal ores and concentrates (-41.3 percent), copper ores and concentrates (-12.2 percent) and potash (-7.9 percent).

In contrast, exports of aircraft and other transportation equipment and parts rose 10.3 percent and sales of motor vehicles and parts were up 2.7 percent.

Imports edged up to CAD 45.3 billion in May, as 7 of 11 sections reported growth. Imports of consumer goods were up 2.3 percent; purchases of miscellaneous goods and supplies grew 9.1 percent; and imports of pharmaceutical and medicinal products rose 4.8 percent. Imports of metal and non-metallic mineral products rose 5.0 percent, as unwrought precious metals and precious metal alloys, were up 43.6 percent; and purchases of basic and industrial chemical, plastic and rubber products increased 5.1 percent, as imports of lubricants and other petroleum refinery products rose 20.6 percent and basic chemicals increased 12.3 percent.

Meanwhile, imports of aircraft and other transportation equipment and parts declined 12.4 percent. Also, purchases of industrial machinery, equipment and parts were down 5.0 percent.

Year-on-year, total exports shrank 6.7 percent while imports expanded 2 percent.

Statistics Canada | joana.ferreira@tradingeconomics.com
7/7/2015 2:53:26 PM


Recent Releases

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's Trade Deficit Largest Since July 2012
Canada's trade gap widened to $2.5 billion in January from $1.2 billion in December as exports declined 2.8 percent while imports were largely unchanged.
Published on 2015-03-06


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -3339.60 -2992.00 8524.80 -3853.00 CAD Million [+]
Exports 42002.00 42253.00 45537.80 1366.00 CAD Million [+]
Imports 45342.00 45245.00 46051.00 1112.00 CAD Million [+]
Current Account -17466.00 -13050.00 12223.00 -19565.00 CAD Million [+]
Current Account to GDP -3.20 -3.40 2.70 -4.20 percent [+]
External Debt 611.88 609.39 611.88 14.82 CAD Billion [+]
Terms of Trade 92.50 91.70 110.30 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 3911.00 3901.00 3911.00 955.00 BBL/D/1K [+]
Tourist Arrivals 2453533.00 1687028.00 7006165.00 1138895.00 [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -3339.60 May/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 465.36 Jun/15 588.67 606.19 -319.71 USD Hundred Million [+]
Euro Area 18800.00 May/15 24941.50 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 19600.00 May/15 21900.00 23468.80 -535.91 EUR Million [+]
India -10830.00 Jun/15 -10406.20 258.90 -20210.90 USD Million [+]
Indonesia 477.00 Jun/15 1076.60 4641.92 -2329.13 USD Million [+]
Italy 4184.00 May/15 3728.00 6923.00 -6389.30 EUR Million [+]
Japan -69.00 Jun/15 -217.18 1608.67 -2795.04 JPY Billion [+]
Mexico -749.00 Jun/15 -1017.00 1710.25 -3292.30 USD Million [+]
Netherlands 3191.00 May/15 5434.70 6211.40 -907.60 EUR Million [+]
Russia 15309.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -1657308.00 May/15 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3578.49 Jun/15 3408.61 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -393.00 May/15 -1834.00 2946.00 -5397.00 GBP Million [+]
United States -41871.00 May/15 -40698.00 1946.00 -67823.00 USD Million [+]