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

Canada's trade deficit narrowed to CAD 2.9 billion in April of 2016 from a downwardly revised CAD 3.2 billion shortfall in March and compared to market expectation of a CAD 2.4 billion gap. Exports rebounded and increased 1.5 percent to CAD 41.8 billion, boosted by higher prices for energy products and imports increased 0.9 percent to CAD 44.7 billion. Balance of Trade in Canada averaged 1509.03 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 -3175.60 CAD Million in March of 2016. 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
-2936.70 -3175.60 8524.80 -3175.60 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-05 12:30 PM Feb C$-1.91B C$-0.63B C$ -0.9B C$ -0.8B
2016-05-04 12:30 PM Mar C$-3.41B C$-2.47B C$-1.4B C$-1.6B
2016-06-03 12:30 PM Apr C$-2.94 B C$-3.18B C$-2.45B C$-2.9B
2016-07-06 12:30 PM May C$-2.94B C$-2.7B
2016-08-05 12:30 PM Jun -2.8B
2016-09-02 12:30 PM Jul -2.8B

Canada Trade Gap Narrows in April


Canada's trade deficit narrowed to CAD 2.9 billion in April of 2016 from a downwardly revised CAD 3.2 billion shortfall in March and compared to market expectation of a CAD 2.4 billion gap. Exports rebounded and increased 1.5 percent, boosted by higher prices for energy products and imports increased 0.9 percent.

Total exports rose 1.5% to $41.8 billion in April. Exports of energy products rose 7.6 percent, the second consecutive monthly gain. Higher exports of natural gas (+43.2 percent) led the gain, crude oil and crude bitumen (+3.5 percent) also increased, as higher prices more than offset lower volumes. Exports of industrial machinery, equipment and parts rose 10.5 pecent, the strongest monthly increase since March 2001. Following a 5.6% decline in March, exports of metal and non-metallic mineral products rebounded 5.7 percent. Exports of unwrought precious metals and precious metal alloys, up 12.9 percent. Partially offsetting these gains, exports of aircraft and other transportation equipment and parts decreased 10 percent .

Total imports increased 0.9 percent to $44.7 billion in April. Imports of aircraft and other transportation equipment and parts rose sharply 52.0 percent.  Imports of energy products rose 5.9 percent, the second consecutive monthly increase and crude oil and crude bitumen imports were up 13.6 percent. Meantime, imports of industrial machinery, equipment and parts fell 5.1 percent. This was the fourth consecutive monthly decline and the lowest level since March 2014.  Also, purchases of other general-purpose machinery and equipment decline 11.9 percent, electronic and electrical equipment and parts dropped 3.9 percent and communications and audio and video equipment declined 9.0 percent.


Year over year, exports were down 2.3 percent and imports were down 0.9 percent.

Statistics Canada | Mojdeh Kazemi | mojdeh@tradingeconomics.com
6/3/2016 2:48:38 PM

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -2936.70 -3175.60 8524.80 -3175.60 CAD Million [+]
Exports 41810.30 41175.90 46086.50 1366.00 CAD Million [+]
Imports 44747.00 44351.50 46899.00 1112.00 CAD Million [+]
Current Account -16800.00 -16571.00 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 88.20 87.80 110.30 81.20 Index Points [+]
Foreign Direct Investment 7180.00 8894.00 50740.00 -8173.00 CAD Million [+]
Capital Flows -53.00 -2.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 1.70 2.99 46.19 1.70 Tonnes [+]
Crude Oil Production 3797.00 3724.00 3912.00 955.00 BBL/D/1K [+]
Weapons Sales 312.00 254.00 469.00 38.00 USD Million [+]
Terrorism Index 2.30 2.30 3.00 0.65 [+]
Tourist Arrivals 1846529.00 1719281.00 7006165.00 1138895.00 [+]




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