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

Canada recorded a trade surplus of 710 CAD Million in September of 2014. Balance of Trade in Canada averaged 1628.19 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.

   
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Canada Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
710.00 -463.00 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 Saturday, November 29, 2014.


Canada Posts Trade Surplus in September


Canadian trade balance registered a CAD 710 million surplus in September of 2014 from a revised CAD 460 million deficit in August, due to a 1.5 percent drop in imports, mainly energy and metal products.

Exports rose to CAD 44.8 billion, as volumes were up 1.6 percent while prices edged down 0.4 percent. led by motor vehicles and parts, consumer goods as well as metal and non-metallic mineral products.

Exports of motor vehicles and parts increased 6.0 percent to CAD 6.4 billion in September. The main contributor was passenger cars and light trucks (+8.6 percent). Exports of aircraft and other transportation equipment and parts declined by 20.9 percent in September  to CAD 1.7 billion.

Imports declined to CAD 44.1 billion, as volumes decreased 1.0 percent and prices were down 0.6 percent. The main contributors to the decline in imports were energy products as well as metal and non-metallic mineral products.

Imports of energy products fell 19.4 percent to CAD 3.4 billion in September, as volumes were down 14.5 percent. The main contributor to the decrease in imports was the commodity grouping crude oil and crude bitumen, which declined 36.4 percent to CAD 1.6 billion as some Canadian refineries were conducting maintenance.

Imports from the United States were up 0.7 percent to CAD 29.7 billion in September, led by motor vehicles and parts. Exports to the United States increased 0.8 percent to CAD 33.7 billion. Canada's trade surplus with the United States was virtually unchanged from August to September at CAD 3.9 billion.

Statistics Canada | Ricardo Martins I ricardo.martins@tradingeconomics.com
11/4/2014 1:55:29 PM


Recent Releases

Canada Trade Balance Swings to Deficit in August
Canadian balance of trade registered a CAD 610 million 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. Published on 2014-11-04

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-04 01:30 PM
Balance of Trade  Jul 2014
CAD 2.58B CAD 1.83B (R) CAD 1.0B CAD 0.8B
2014-10-03 01:30 PM
Balance of Trade  Aug 2014
CAD -0.61B CAD 2.2B (R) CAD 2.0B CAD 1.7B
2014-11-04 01:30 PM
Balance of Trade  Sep 2014
CAD 0.71B CAD -0.46B (R) CAD -0.3B CAD -0.2B
2014-12-05 01:30 PM
Balance of Trade  Oct 2014
CAD 0.71B CAD 0.1B CAD 1.2B
2015-01-07 01:30 PM
Balance of Trade  Nov 2014
2015-02-05 01:30 PM
Balance of Trade  Dec 2014


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade 710.00 -463.00 8524.80 -2902.90 CAD Million [+]
Exports 44790.00 44290.00 45537.80 1366.00 CAD Million [+]
Imports 44080.00 44750.00 44750.00 1112.00 CAD Million [+]
Current Account -8401.00 -9907.00 12223.00 -19565.00 CAD Million [+]
Current Account to GDP -3.20 -3.40 2.70 -4.20 percent [+]
External Debt 611.88 609.39 611.88 15.00 CAD Billion [+]
Terms of Trade 96.20 96.40 110.30 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 3508.00 3458.00 3595.00 955.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2261.00 Sep/14 -1013.00 2227.00 -3892.00 AUD Million [+]
Brazil -1177.00 Oct/14 -939.00 5659.37 -4058.14 USD Million [+]
Canada 710.00 Sep/14 -463.00 8524.80 -2902.90 CAD Million [+]
China 454.05 Oct/14 309.43 498.30 -319.71 USD Hundred Million [+]
Euro Area 18486.50 Sep/14 8632.50 21553.00 -16638.00 EUR Million [+]
France -4715.00 Sep/14 -5025.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Sep/14 14100.00 23400.00 -535.91 EUR Million [+]
India -13350.00 Oct/14 -14247.42 258.90 -20210.90 USD Million [+]
Indonesia -270.30 Sep/14 -312.00 4641.92 -2329.13 USD Million [+]
Italy 2014.00 Sep/14 2056.00 6923.00 -6389.30 EUR Million [+]
Japan -709.99 Oct/14 -958.30 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 3498.00 Sep/14 2848.00 4948.70 -907.60 EUR Million [+]
Russia 12953.00 Sep/14 15848.00 20356.00 -185.00 USD Million [+]
South Korea 7500.00 Oct/14 3430.00 7500.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3255.00 Oct/14 2489.00 3901.00 -1478.68 CHF million [+]
Turkey -6252.00 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2838.00 Sep/14 -1768.00 2946.00 -5269.00 GBP Million [+]
United States -43030.00 Sep/14 -39990.00 1946.00 -67823.00 USD Million [+]