Canada posted a trade deficit of C$4.9 billion in July 2025, narrowing from a revised C$6.0 billion shortfall in June but slightly above market expectations of C$4.75 billion. It was the smallest trade gap in four months, as exports rose 0.9% to a four-month high of C$61.9 billion, the third consecutive monthly increase. Gains were seen in 7 of the 11 product sections, led by energy products (+4.2%) and motor vehicles and parts (+6.6%); however, metal and non-metallic mineral products slumped 8%. Meanwhile, imports were down 0.7% to C$66.8 billion, mainly reflecting lower imports of industrial machinery, equipment and parts (-18.8%). Exports to the United States increased 5% in July, in part because of higher exports of crude oil and passenger cars. Imports from the United States fell 2.2%, marking the fourth decrease in five months. source: Statistics Canada

Canada recorded a trade deficit of 4940 CAD Million in July of 2025. Balance of Trade in Canada averaged 1069.38 CAD Million from 1971 until 2025, reaching an all time high of 8554.40 CAD Million in January of 2001 and a record low of -7572.50 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 2025.

Canada recorded a trade deficit of 4940 CAD Million in July of 2025. Balance of Trade in Canada is expected to be 750.00 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 -2150.00 CAD Million in 2026 and 1300.00 CAD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-05 12:30 PM
Balance of Trade
Jun C$-5.86B C$-5.49B C$-5.8B C$ -5.6B
2025-09-04 12:30 PM
Balance of Trade
Jul C$-4.94B C$-5.98B C$-4.75B C$-6.1B
2025-10-07 12:30 PM
Balance of Trade
Aug C$-4.94B


Related Last Previous Unit Reference
Balance of Trade -4936.40 -5980.80 CAD Million Jul 2025
Capital Flows -23598.00 -238.00 CAD Million Jun 2025
Current Account -21162.00 -1317.00 CAD Million Jun 2025
Current Account to GDP -1.00 -0.70 percent of GDP Dec 2024
Exports 61861.40 61303.80 CAD Million Jul 2025
External Debt 4650770.00 4551664.00 CAD Million Mar 2025
Foreign Direct Investment 18526.00 30198.00 CAD Million Jun 2025
Imports 66797.80 67284.60 CAD Million Jul 2025
Oil Exports 9067.70 8867.50 CAD Million Jul 2025
Terms of Trade 100.40 101.50 points Jul 2025
Tourist Arrivals 3445503.00 2532328.00 Jun 2025

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
-4936.40 -5980.80 8554.40 -7572.50 1971 - 2025 CAD Million Monthly

News Stream
Canada Logs Smallest Trade Gap in 4 Months
Canada posted a trade deficit of C$4.9 billion in July 2025, narrowing from a revised C$6.0 billion shortfall in June but slightly above market expectations of C$4.75 billion. It was the smallest trade gap in four months, as exports rose 0.9% to a four-month high of C$61.9 billion, the third consecutive monthly increase. Gains were seen in 7 of the 11 product sections, led by energy products (+4.2%) and motor vehicles and parts (+6.6%); however, metal and non-metallic mineral products slumped 8%. Meanwhile, imports were down 0.7% to C$66.8 billion, mainly reflecting lower imports of industrial machinery, equipment and parts (-18.8%). Exports to the United States increased 5% in July, in part because of higher exports of crude oil and passenger cars. Imports from the United States fell 2.2%, marking the fourth decrease in five months.
2025-09-04
Canada Scraps Half of Tariffs on U.S. Goods, Keeps Steel and Auto Duties
Canada said Friday it will lift its 25% tariff on about half of the U.S. goods targeted since March, in a bid to reset trade ties with Washington. Prime Minister Mark Carney announced that duties on orange juice, peanut butter, wine, beer, appliances, and motorcycles will be removed starting September 1, while tariffs on U.S. steel, aluminum, and automobiles will remain. The decision followed Carney’s first call with President Trump since trade talks collapsed before an August 1 deadline. At a press conference, Carney said removing the tariffs means “the U.S. and Canada will now treat the bulk of their trade equally,” noting Canadian imports are exempt from U.S. duties under the U.S.–Mexico–Canada Agreement (USMCA). A White House official welcomed the move as “long overdue,” while Carney said Ottawa will now focus on supporting industries still facing hefty tariffs and prepare for USMCA’s formal review next year.
2025-08-25
Canada Trade Deficit Widens
Canada posted a seasonally adjusted trade deficit of C$5.9 billion in June of 2025, widening from the revised C$5.5 billion in the previous month, and loosely aligned with market expectations of a C$5.8 billion trade gap. Imports expanded by 1.4% from the six-month low in the previous month to C$67.6 billion, the first increase four months, due to a one-time, high-value shipment of industrial machinery, equipment, and parts docked in the period. Excluding this shipment, total imports were down by 1.9% on non-metallic minerals (-7.8% to C$5.3 billion) and aircraft and transportation equipment (-12% to C$2.3 billion). In turn, exports rose by 0.9% from the previous month to C$61.7 billion. Exports rose for industrial machinery (5.1% to C$4 billion) but fell for motor vehicles (-4.2% to C$7.1 billion). Exports to the United States, which have been subject to sector and country specific tariffs, were 3.1% higher from the previous month, but remained 12.5% lower annually.
2025-08-05