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

Canada's merchandise trade gap was recorded at CAD 2.95 billion in July 2016 compared to downwardly revised CAD 3.97 billion shortfall in a month earlier and better than market consensus of CAD 3.25 billion deficit. It was the smallest gap in four months as exports rose 3.4 percent while imports edged down 0.1 percent. Balance of Trade in Canada averaged 1482.68 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 -3965.70 CAD Million in June of 2016. Balance of Trade in Canada is reported by the Statistics Canada.

Canada Balance of Trade
Receive the next reported value for Canada Balance of Trade in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-2487.90 -3965.70 8524.80 -3965.70 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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$-3.63B C$-3.50B C$-2.82B C$ -2.9B
2016-09-02 12:30 PM Jul C$-2.49B C$-3.97B C$ -3.25B C$ -3.2B
2016-10-05 12:30 PM Aug C$-2.49B C$-2.5B
2016-11-04 01:30 PM Sep C$-3.7B
2016-12-06 01:30 PM Oct C$-4.3B

Canada Trade Deficit Narrows in July


Canada's merchandise trade gap was recorded at CAD 2.95 billion in July 2016 compared to upwardly revised CAD 3.97 billion shortfall in a month earlier, better than market consensus of CAD 3.25 billion deficit. It was the smallest gap in four months as exports rose 3.4 percent while imports edged down 0.1 percent.

Total exports were up 3.4% to $42.7 billion in July, with 9 of 11 sections reporting gains. Contributing to the overall increase were higher exports of motor vehicles and parts; metal and non-metallic mineral products; aircraft and other transportation equipment and parts; and industrial machinery, equipment and parts. Excluding energy products, exports were up 4.1 percent, the strongest increase since December 2015. However, on a year-over-year basis, total exports were down 7 percent.

Following five consecutive monthly decreases, exports of motor vehicles and parts increased 6.2 percent. The main contributor was passenger cars and light trucks, up 7.9 percent, the highest level since February 2016. Shorter seasonal shutdowns in July at some Canadian automobile manufacturing plants contributed to the increase in the month. For the section as whole, volumes rose 5.3 percent and prices were up 0.8 percent. Exports of metal and non-metallic mineral products, up 9.7 percent. Widespread increases throughout the section were led by unwrought precious metals and precious metal alloys, up 19.2 percent. Higher exports of unwrought gold to the United Kingdom were mainly responsible for the gain. Exports of aircraft and other transportation equipment and parts rose 9.6 percent, the fifth increase in six months. Exports of aircraft led the increase, up 23.3 percent, the highest level since December 2015. Sales of industrial machinery, equipment and parts rose 6 percnet. There were higher exports of other general-purpose machinery and equipment (+8.4 percent) and agricultural, lawn and garden machinery and equipment (+39.6 percent).

Total imports edged down 0.1% to $45.2 billion in July, despite gains in 6 of 11 sections. Lower imports of consumer goods; motor vehicles and parts; and electronic and electrical equipment and parts were partially offset by higher imports of metal ores and non-metallic minerals. Year over year, total imports decreased 2.6 percent.

Imports of consumer goods decreased 2 percnet, the lowest level since July 2015. There were lower imports of clothing, footwear and accessories (-3.4 percent); pharmaceutical and medicinal products (-3.3 percent); and miscellaneous goods and supplies (-2.1 percent). Following a record monthly high in June, imports of motor vehicles and parts fell 1.7 percent. After reporting seven consecutive increases, imports of passenger cars and light trucks decreased 3.5 percent. Also contributing to the overall decrease were imports of electronic and electrical equipment and parts, down 2.6 percent. Widespread decreases throughout the section were led by electronic and electrical parts (-7.6 percent) and electrical components (-4.5%). Partially offsetting these decreases, imports of metal ores and non-metallic minerals were up 21.1 percent. There were higher imports of other metal ores and concentrates, up 23 percent. Higher imports of precious metal ores from the Dominican Republic were primarily responsible for the increase.

Statistics Canada | Mojdeh Kazemi | mojdeh@tradingeconomics.com
9/2/2016 2:18:46 PM

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -2487.90 -3965.70 8524.80 -3965.70 CAD Million [+]
Exports 42702.70 41279.10 46016.80 1366.00 CAD Million [+]
Imports 45190.60 45244.80 46899.00 1112.00 CAD Million [+]
Current Account -19862.00 -16594.00 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 88.10 89.20 110.30 81.20 Index Points [+]
Foreign Direct Investment 13350.00 10457.00 50326.00 -8640.00 CAD Million [+]
Capital Flows -2.00 -53.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.19 0.00 Tonnes [+]
Crude Oil Production 2811.00 3639.00 3912.00 955.00 BBL/D/1K [+]
Terrorism Index 2.30 2.30 3.00 0.65 [+]
Tourist Arrivals 4561666.00 3487950.00 7006165.00 1138895.00 [+]
Weapons Sales 312.00 254.00 469.00 38.00 USD Million [+]




Last
Afghanistan -7159.00 Dec/15
Albania -27380.00 Jul/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 270.00 Jul/16
Armenia -134.20 Aug/16
Aruba -423.80 Jun/16
Australia -2410.00 Jul/16
Austria 130.00 Jun/16
Azerbaijan 621706.00 Mar/16
Bahamas -459.80 Mar/16
Bahrain 1513.00 Dec/15
Bangladesh -62.34 Jun/16
Barbados -254822.00 Dec/15
Belarus 32.40 Jul/16
Belgium 2544.10 Jul/16
Belize -132.80 Jul/16
Benin -191.61 Jun/16
Bhutan -26021.60 Dec/15
Bolivia -136.20 Apr/16
Bosnia and Herzegovina -526211.72 Jul/16
Botswana 2651.40 Jun/16
Brazil 4140.00 Aug/16
Brunei 417.80 Jul/16
Bulgaria -29.90 Jul/16
Burkina Faso -49.00 Sep/14
Burundi -89358.20 Jun/16
Cambodia -1748.30 May/16
Cameroon -1054.40 Dec/13
Canada -2487.90 Jul/16
Cape Verde -4499.80 Jul/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -274.00 Aug/16
China 520.49 Aug/16
Colombia -1.16 Jul/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -560.60 Aug/16
Croatia -4059.88 Jul/16
Cuba -9578.00 Dec/15
Cyprus -304347.00 Jul/16
Czech Republic 24445.00 Jul/16
Denmark 8796.60 Jul/16
Djibouti -168260.00 Dec/15
Dominican Republic -631.90 Mar/16
East Timor -39175.91 Jun/16
Ecuador 204425.00 Jul/16
Egypt -3518.00 Jul/16
El Salvador -339.98 Jul/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -164.77 Jul/16
Ethiopia -3601.70 Mar/16
Euro Area 25276.10 Jul/16
European Union 3763.70 Jul/16
Fiji -112192.00 Apr/16
Finland -245.00 Jul/16
France -4505.00 Jul/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -493.40 Aug/16
Germany 19500.00 Jul/16
Ghana -712.40 Jun/16
Greece -1344.10 Jul/16
Guatemala -452.00 Jul/16
Guinea -308.73 Jun/16
Guinea Bissau -23.80 Dec/14
Guyana -13.70 Jun/16
Haiti -229.96 Jun/16
Honduras -403.60 Jun/16
Hong Kong -32096.00 Aug/16
Hungary 208000.00 Jul/16
Iceland -12700.00 Aug/16
India -7674.14 Aug/16
Indonesia 293.60 Aug/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3526700.00 Jul/16
Israel -1899.30 Aug/16
Italy 7794.95 Jul/16
Ivory Coast 890.60 Dec/14
Jamaica -680800.00 Mar/16
Japan -18.71 Aug/16
Jordan -658173.00 Jun/16
Kazakhstan 1289.60 Jul/16
Kenya -79107.00 Jun/16
Kosovo -210544.00 Jul/16
Kuwait 402.00 Mar/16
Kyrgyzstan -291.40 Jun/16
Laos -594.89 Dec/15
Latvia -182.90 Jul/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -99.90 May/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -178.60 Jul/16
Luxembourg -0.42 Jul/16
Macau -4867968.77 Jul/16
Macedonia -131493.00 Jul/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 1907.37 Jul/16
Maldives -161.70 Jun/16
Mali -100.60 Mar/15
Malta -149432.00 Jul/16
Mauritania -79.64 Mar/16
Mauritius -8160.00 Jul/16
Mexico -1913.24 Aug/16
Moldova -148.40 Jul/16
Monaco -104.50 Jun/16
Mongolia 110.00 Aug/16
Montenegro -168082.00 Aug/16
Morocco -17306.00 Jul/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -77662.70 Mar/16
Netherlands 4821.00 Jul/16
New Caledonia -9890.65 Jun/16
New Zealand -1265.00 Aug/16
Nicaragua -223.90 Jun/16
Niger -286709.90 Mar/16
Nigeria -29398.00 Jun/16
North Korea -476.67 Dec/15
Norway 6763.00 Aug/16
Oman -45.20 Dec/15
Pakistan -279639.00 Aug/16
Palestine -310.20 Jul/16
Panama -918416.00 Jul/16
Papua New Guinea 3957.00 Dec/15
Paraguay -154825.00 Aug/17
Peru 484.00 Jul/16
Philippines -2053160.00 Jul/16
Poland -313.00 Jul/16
Portugal -557.44 Jul/16
Puerto Rico 2982.40 Jun/16
Qatar 6694.00 Jul/16
Republic of the Congo 4092.35 Dec/10
Romania -642.90 Jul/16
Russia 6490.00 Jul/16
Rwanda -142.60 May/16
Sao Tome and Principe -27.28 Jun/16
Saudi Arabia 16295.00 Mar/16
Senegal -159.34 Jul/16
Serbia -300.30 Jul/16
Seychelles -40.31 Jul/16
Sierra Leone -52.89 Jun/16
Singapore 5592.00 Aug/16
Slovakia 60.00 Jul/16
Slovenia 99.78 Jul/16
Somalia -1473.48 Dec/15
South Africa 5223.30 Jul/16
South Korea 5300.00 Aug/16
South Sudan -104.70 Dec/15
Spain -557800.00 Jul/16
Sri Lanka -542.00 Jul/16
Sudan -424613.00 Jun/16
Suriname 32.40 Jun/16
Swaziland 1217.38 Dec/15
Sweden -10300.00 Aug/16
Switzerland 3024.63 Aug/16
Syria 9394.50 Dec/10
Taiwan 3984.83 Aug/16
Tajikistan -142.90 Jul/16
Tanzania -207.80 Jun/16
Thailand 2130.00 Aug/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1397.20 Aug/16
Turkey -4787.97 Jul/16
Turkmenistan 2181.97 Dec/15
Uganda -175.50 Jul/16
Ukraine -264.80 Aug/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4502.00 Jul/16
United States -39474.00 Jul/16
Uruguay 207156.00 Jul/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 573.00 Aug/16
Yemen -2914.30 Dec/13
Zambia -473.90 Jul/16
Zimbabwe -322.86 Mar/16