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

Canada's merchandise trade deficit narrowed to CAD 585 million in December of 2015 from CAD 1.6 billion in the previous month as exports increased 3.9 percent and imports were up at a slower 1.6 percent. In 2015, the merchandise trade balance shifted from a surplus of CAD 4.8 billion in 2014 to a deficit of CAD 23.3 billion in 2015. Balance of Trade in Canada averaged 1537.30 CAD Million from 1971 until 2015, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -3700.30 CAD Million in March of 2015. 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
-584.90 -1587.40 8524.80 -3700.30 1971 - 2015 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 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-04 01:30 PM Oct C$-2.76B C$-2.33B C$-1.7B C$-1.7B
2016-01-06 01:30 PM Nov C$-1.99B C$-2.49B C$-2.6B C$-2.6B
2016-02-05 01:30 PM Dec C$-0.59B C$-1.59B C$-2.2B C$-2.1B
2016-03-04 01:30 PM Jan C$-0.59B -0.9B
2016-04-05 12:30 PM Feb -1B
2016-05-04 12:30 PM Mar -1B

Canada Trade Gap Smallest Since July 2015


Canada's merchandise trade deficit narrowed to CAD 585 million in December of 2015 from CAD 1.6 billion in the previous month as exports increased 3.9 percent and imports were up at a slower 1.6 percent. In 2015, the merchandise trade balance shifted from a surplus of CAD 4.8 billion in 2014 to a deficit of CAD 23.3 billion in 2015.

Total exports rose 3.9 percent to CAD 45.4 billion in December. Exports of aircraft and other transportation equipment and parts rose 26.4 percent, as aircraft exports were up 64.4 percent. Exports of metal and non-metallic mineral products increased 8.5 percent, due to higher sales of unwrought precious metals and precious metal alloys of 32.7 percent. Exports of consumer goods were up 6.4 percent, led by pharmaceutical and medicinal products, which rose 26.4 percent. In addition, exports of motor vehicles and parts increased 4.6 percent, as sales of passenger cars and light trucks rose 7.5 percent, the highest export value since January 2000. Partially offsetting these gains, exports of metal ores and non-metallic minerals fell 20.1 percent.

Total imports increased 1.6 percent to CAD 45.9 billion, following three consecutive monthly decreases. Imports of metal and non-metallic mineral products rose 5.4 percent, driven by unwrought precious metals and precious metal alloys, up 18.4 percent. Imports of consumer goods increased 2 percent, led by higher imports of miscellaneous goods and supplies (+4.1 percent) and clothing, footwear and accessories (+3.3 percent). Energy products imports rose 7.9 percent, due to higher purchases of crude oil and crude bitumen by 31.4 percent while those of refined petroleum energy products dropped 21.2 percent. 

In 2015, Canada's annual merchandise trade balance with the world shifted to a deficit of $23.3 billion in 2015 from a surplus of $4.8 billion in 2014, as exports fell by 0.9 percent while imports rose 4.4 percent. However, in real (or volume) terms, exports surpassed imports. Real exports rose 4.0% and imports were up 1.1% in 2015. As a result, Canada's annual trade balance in real terms shifted from a deficit of $10.3 billion in 2014 to a surplus of $3.1 billion in 2015.

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/5/2016 2:05:07 PM

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -584.90 -1587.40 8524.80 -3700.30 CAD Million [+]
Exports 45350.50 43639.00 45822.70 1366.00 CAD Million [+]
Imports 45935.40 45226.40 46857.10 1112.00 CAD Million [+]
Current Account -16212.00 -16571.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -2.10 -2.90 2.70 -4.20 percent [+]
External Debt 612.33 611.88 612.33 14.82 CAD Billion [+]
Terms of Trade 89.70 90.50 110.30 81.20 Index Points [+]
Foreign Direct Investment 31388.00 20424.00 50740.00 -8173.00 CAD Million [+]
Capital Flows 0.00 -2.00 19.00 -672.00 CAD Million [+]
Gold Reserves 2.99 2.99 46.19 2.99 Tonnes [+]
Crude Oil Production 3581.00 3412.00 3912.00 955.00 BBL/D/1K [+]
Terrorism Index 2.30 1.93 3.00 0.65 [+]
Tourist Arrivals 1510420.00 2073074.00 7006165.00 1138895.00 [+]




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