Canada Balance of Trade  1971-2016 | Data | Chart | Calendar | Forecast

Canada's merchandise trade deficit came in at CAD 3.28 billion in May of 2016, virtually unchanged from a record high of CAD 3.32 billion gap in the previous month and missing market consensus. Exports dropped 0.7 percent led by lower sales of metal and non-metallic mineral products while imports shrank at a faster 0.8 percent as purchases of aircraft and other transportation equipment and parts fell by the most. Balance of Trade in Canada averaged 1499.55 CAD Million from 1971 until 2016, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -3317 CAD Million in April of 2016. Balance of Trade in Canada is reported by the Statistics Canada.

Canada Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-3276.80 -3316.80 8524.80 -3316.80 1971 - 2016 CAD Million Monthly
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. The United States is by far its largest trading partner, accounting for about 75% of exports and 66% of imports as of 2015. 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-04 12:30 PM Mar C$-3.41B C$-2.47B C$-1.4B C$-1.6B
2016-06-03 12:30 PM Apr C$-2.94 B C$-3.18B C$-2.45B C$-2.9B
2016-07-06 12:30 PM May C$-3.28B C$-3.32B C$-2.7B C$-2.7B
2016-08-05 12:30 PM Jun C$-3.28B C$ -2.9B
2016-09-02 12:30 PM Jul -3.2B
2016-10-05 12:30 PM Aug -3.3B

Canada Trade Gap at Near-Record High in May


Canada's merchandise trade deficit came in at CAD 3.28 billion in May of 2016, virtually unchanged from a record high of CAD 3.32 billion gap in the previous month and missing market consensus. Exports dropped 0.7 percent and imports fell at a faster 0.8 percent.

Total exports decreased 0.7 percent to CAD 41.1 billion. Exports of metal and non-metallic mineral products declined 5.4 percent, as unwrought precious metals and precious metal alloys decreased 21 percent on lower exports of unwrought gold to the United Kingdom. Exports of industrial machinery, equipment and parts declined 4.9 percent, dragged lower by a 25 percent drop of commercial and service industry machinery. There were lower exports of farm, fishing and intermediate food products, down 4.2 percent, with wheat exports leading the decline and falling 28 percent on lower volumes.

Total imports fell 0.8 percent to CAD 44.4 billion. After reaching a record high in April, imports of aircraft and other transportation equipment and parts fell 23.5 percent; and imports of metal ores and non-metallic minerals decreased 24.2 percent, as other metal ores and concentrates declined 29.3 percent, mostly on lower imports from the Dominican Republic and Peru. Imports of metal and non-metallic mineral products also declined 3.9 percent, mainly due to a 27 percent fall in imports of unwrought precious metals and precious metal alloys. In contrast, imports of energy products rose 18.2 percent and imports of basic and industrial chemical, plastic and rubber products gained 4.8 percent.

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/6/2016 2:17:03 PM

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -3276.80 -3316.80 8524.80 -3316.80 CAD Million [+]
Exports 41144.80 41450.70 46007.10 1366.00 CAD Million [+]
Imports 44421.60 44767.50 46899.00 1112.00 CAD Million [+]
Current Account -16800.00 -16571.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -3.30 -2.30 2.70 -4.20 percent [+]
External Debt 612.33 611.88 612.33 14.82 CAD Billion [+]
Terms of Trade 89.00 88.20 110.30 81.20 Index Points [+]
Foreign Direct Investment 7180.00 8894.00 50740.00 -8173.00 CAD Million [+]
Capital Flows -53.00 -2.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 1.70 2.99 46.19 1.70 Tonnes [+]
Crude Oil Production 3733.00 3797.00 3912.00 955.00 BBL/D/1K [+]
Terrorism Index 2.30 2.30 3.00 0.65 [+]
Tourist Arrivals 2582295.00 1846529.00 7006165.00 1138895.00 [+]
Weapons Sales 312.00 254.00 469.00 38.00 USD Million [+]




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