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

Canada recorded a trade deficit of 610 CAD Million in August of 2014. Balance of Trade in Canada averaged 1629.65 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
-610.00 2200.00 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 Friday, October 31, 2014.

Canada Trade Balance Swings to Deficit in August

Canadian balance of trade registered a CAD 610 billion deficit in August of 2014 from a revised CAD 2.2 billion surplus in July, as exports decreased 2.5 percent while imports increased 3.9 percent to the highest value on record.

Exports fell to CAD 44.2 billion, led by motor vehicles and parts. Overall, volumes were down 1.8 percent and prices 0.7 percent.

Exports of motor vehicles and parts decreased 11.2 percent to CAD 6.1 billion in August, mainly due to a 13.1 percent fall in sales of passenger cars and light trucks. Shipments of motor vehicle engines and parts also declined by 8.6 percent. Exports of energy products dropped 5.8 percent to CAD 10.5 billion, hurt by a 7.1 percent fall in crude oil and crude bitumen. 

In contrast, exports of aircraft and other transportation equipment and parts increased to CAD 2.1 billion (26.8 percent), driven by higher exports of aircraft (+45.4 percent).

Imports rose to a record high CAD 44.8 billion, mainly due to metal and non-metallic mineral products as well as energy products. Import volumes increased 2.4 percent and prices were up 1.5 percent.

Imports from the United States were up 1.4 percent to CAD 29.7 billion. Exports to the United States declined 2.5 percent to CAD 33.3 billion on lower exports of motor vehicles and parts as well as energy products. Canada's trade surplus with the United States narrowed from CAD 4.8 billion in July to CAD 3.5 billion in August.

Statistics Canada | Ricardo Martins I
10/3/2014 2:37:27 PM

Recent Releases

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. Published on 2014-09-04

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

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 -0.61B CAD 2.2B (R) CAD 2.0B CAD 1.7B
2014-11-04 01:30 PM Canada
Balance of Trade
Sep 2014 CAD -0.61B CAD -0.3B CAD -0.2B

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -610.00 2200.00 8524.80 -2902.90 CAD Million [+]
Exports 44200.00 45537.80 45537.80 1366.00 CAD Million [+]
Imports 44800.00 42957.10 44800.00 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 [+]