Canada Balance of Trade 1971-2014 | Data | Chart | Calendar | Forecast

Canada recorded a trade surplus of 2580 CAD Million in July of 2014. Balance of Trade in Canada averaged 1634.66 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
2580.00 1830.00 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. Content for - Canada Balance of Trade - was last refreshed on Thursday, October 2, 2014.


Canada Reports Trade Surplus in July


Canada's trade surplus widened to $2.6 billion in July from $1.8 billion in June as exports increased 1.4 percent while imports edged down 0.3 percent.

Exports rose to $45.5 billion, led by motor vehicles and parts. Overall, volumes increased 1.1% and prices 0.3%.

Imports edged down to $43.0 billion, as prices declined 0.6% while volumes increased 0.4%. Lower imports of aircraft and other transportation equipment and parts, consumer goods as well as metal and non-metallic mineral products were partially offset by higher imports of motor vehicles and parts.

Exports to the United States rose 1.9% to $34.4 billion in July and imports from the United States increased 1.2% to $29.2 billion. Motor vehicles and parts was the main contributor to both gains. Canada's trade surplus with the United States widened from $4.9 billion in June to $5.1 billion in July.

Exports to countries other than the United States edged up 0.1% to $11.2 billion. Imports from countries other than the United States declined 3.2% to $13.7 billion, as imports from the principal trading area "all other countries" (-4.6%) and the European Union (-3.7%) fell. Canada's trade deficit with countries other than the United States narrowed from $3.0 billion in June to $2.6 billion in July.

Exports of motor vehicles and parts grew 9.7% to $6.9 billion in July. Motor vehicles and parts increased for the fifth time in seven months, as automobile sales in both Canada and the United States have hit record highs throughout the year. In July, exports of passenger cars and light trucks (+10.2%) led the overall gain, with an increase also being recorded for motor vehicle engines and motor vehicle parts (+8.9%).

Exports of energy products declined 2.1% to $11.3 billion, as prices were down 1.8% and volumes edged down 0.3%. The main contributor to the decrease in exports was crude oil and crude bitumen, which fell 1.6% to $8.5 billion in July following a record high of $8.6 billion in June. Exports of natural gas declined for a fifth consecutive month, down 6.3% to $1.1 billion in July as volumes fell 4.6% and prices 1.8%.

Imports of aircraft and other transportation equipment and parts fell 11.9% to $1.4 billion in July. The main contributor to the decline was the commodity grouping "ships, locomotives, railway rolling stock, and rapid transit equipment," which decreased $92 million to $43 million in July. Aircraft engines and aircraft parts declined 9.2% to $687 million.

Imports of consumer goods declined 1.9% to $8.6 billion, a third consecutive monthly decrease. Volumes decreased 1.0% and prices 0.9%. There were widespread declines in imports throughout the section, led by clothing, footwear and accessories (-4.4%) and miscellaneous goods and supplies (-2.6%).

Also declining in July were imports of metal and non-metallic mineral products, down 4.4% to $3.5 billion on lower volumes. Lower imports were recorded for unwrought precious metals and precious metal alloys (-15.8%) and unwrought copper and copper alloys (-60.0%). Imports of these two commodities tend to fluctuate on a month-to-month basis.

Partially offsetting the declines were imports of motor vehicles and parts, which rose 2.7% to $7.8 billion. Volumes were up 2.2%. Leading the gains were imports of motor vehicle engines and motor vehicle parts (+7.4%).

Statistics Canada | anna@tradingeconomics.com
9/4/2014 1:41:17 PM


Recent Releases

Canada Trade Surplus Widens to 2-1/2 Year High in June
Canada's surplus increased to $1.9 billion in June from $576 million in the previous month, reaching its highest level since December of 2011. Exports rose 1.1 percent to a record high driven by metal and non-metallic mineral products, consumer goods, and energy products sales. Published on 2014-08-06

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. Published on 2014-07-03


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 1.86B CAD 0.58B (R) CAD -0.10B CAD -0.1B
2014-09-04 01:30 PM Canada
Balance of Trade
Jul 2014 CAD 2.58B CAD 1.83B (R) CAD 1.0B CAD 0.8B
2014-10-03 01:30 PM Canada
Balance of Trade
Aug 2014 CAD 2.58B CAD 2.0B CAD 1.7B


Trade Last Previous Highest Lowest Unit
Balance of Trade 2580.00 1830.00 8524.80 -2902.90 CAD Million [+]
Exports 45537.80 44906.30 45537.80 1366.00 CAD Million [+]
Imports 42957.10 43075.30 44317.00 1112.00 CAD Million [+]
Current Account -11871.00 -12029.00 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 98.30 97.90 110.30 81.20 Index Points [+]
Foreign Direct Investment 2742.00 475.00 3406.00 -2013.00 CAD Million [+]
Capital Flows -2.00 -4.00 19.00 -672.00 CAD Million [+]
Gold Reserves 2.99 2.99 46.19 2.99 Tonnes [+]
Crude Oil Production 3458.00 3386.00 3595.00 955.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil -939.00 Sep/14 1168.00 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia -318.00 Aug/14 42.40 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -1123.00 Aug/14 -979.88 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3361.00 Sep/14 3370.00 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -8040.00 Aug/14 -6460.00 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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