Canada Balance of Trade

Canada recorded a trade surplus of 24 Million CAD in March of 2013. Balance of Trade in Canada is reported by the STCA - Statistics Canada. Historically, from 1971 until 2013, Canada Balance of Trade averaged 1734.24 Million CAD reaching an all time high of 8590 Million CAD in January of 2001 and a record low of -2530 Million CAD in July of 2012. 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 includes a chart with historical data for Canada Balance of Trade.

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Canada Balance of Trade
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Canada Posts Trade Surplus In March
Statistics Canada | Duarte Ricardo | duarte.ricardo@tradingeconomics.com  |  5/2/2013 1:42:29 PM


Canada's merchandise exports increased 5.1% in March and imports rose 1.7%. As a result, Canada's trade balance went from a deficit of $1.2 billion in February to a surplus of $24 million in March.

Exports grew to $40.5 billion in March, and have been on an upward trend since July 2012. Gains were recorded in all sections during the month and export volumes were up 5.1%.

Imports rose for a third consecutive month to reach $40.4 billion, their second highest value on record. The main contributors to the monthly increase were energy products and metal and non-metallic mineral products. Overall, prices grew 1.4% and volumes were up 0.3%.
 
Exports to the United States rose 4.0% to $29.5 billion in March, on higher exports of motor vehicles and parts and energy products. Imports from the United States were up 2.0% to $25.6 billion, a third consecutive monthly advance. Consequently, Canada's trade surplus with the United States increased from $3.2 billion in February to $3.8 billion in March.
 
Exports to countries other than the United States rose 7.9% to $11.0 billion in March. All principal trading areas registered gains, with Japan (+25.2%) recording the largest percentage increase. Imports from countries other than United States grew 1.2% to $14.8 billion. As a result, Canada's trade deficit with countries other than the United States decreased from $4.4 billion in February to $3.8 billion in March.

ARCHIVE
Canada Trade Deficit Widens in February Canada's merchandise exports decreased 0.6% in February, while imports edged up 0.1%. As a result, Canada's trade deficit with the world widened from $746 million in January to $1.0 billion in February. 2013-04-05
Canada's Trade Deficit Narrows in September Canada's merchandise exports rose 1.9% and imports were unchanged in September. As a result, Canada's trade deficit with the world narrowed from $1.5 billion in August to $826 million in September. 2012-11-08
CANADA TRADE DEFICIT NARROWS AGAIN IN JANUARY Canada's merchandise exports rose 2.1% in January and imports increased 1.9%. As a result, Canada's trade deficit with the world narrowed from $332 million in December to $237 million in January. 2013-03-07
Canada's Trade Deficit Narrows in August Canada's merchandise imports fell 3.1% and exports edged down 0.1% in August. As a result, Canada's trade deficit with the world narrowed from $2.5 billion in July to $1.3 billion in August. 2012-10-11
Canada Trade Deficit Shrinks in December Canada's merchandise imports fell 2.8% in December and merchandise exports declined 0.9%. As a result, Canada's trade deficit with the world decreased from $1.7 billion in November to $901 million in December. 2013-02-08
Canada's Trade Deficit Widens in July Canada's merchandise exports fell 3.4% and imports decreased 2.2% in July. As a result, Canada's trade deficit with the world expanded from $1.9 billion in June to $2.3 billion in July. 2012-09-11
Canada Trade Deficit Widens in November Canada's merchandise imports rose 2.7% in November, while exports decreased 0.9%. As a result, Canada's trade deficit with the world widened from $552 million in October to $2.0 billion in November. 2013-01-11
Canada's Trade Deficit Widens in June Canada's merchandise imports rose 2.3% while exports edged up 0.2% in June. As a result, Canada's trade deficit with the world widened from $954 million in May to $1.8 billion in June. 2012-08-09
Canada's Trade Deficit Narrows in October Canada's merchandise imports declined 1.2 percent while exports increased 1.0 percent in October. As a result, Canada's trade deficit with the world narrowed from $1.0 billion in September to $169 million in October. 2012-12-11



Balance of Trade | Notes

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.






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