Canada Balance of Trade 1971-2015 | Data | Chart | Calendar | Forecast

Canada recorded a trade deficit of 2974 CAD Million in April of 2015. Balance of Trade in Canada averaged 1582.69 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 -3853 CAD Million in March of 2015. Balance of Trade in Canada is reported by the Statistics Canada.

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Canada Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-2974.00 -3853.00 8524.80 -3853.00 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 - 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 Tuesday, July 7, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-02 01:30 PM Feb CAD -0.98B CAD-1.48B (R) CAD -2B CAD -1.6B
2015-05-05 01:30 PM Mar CAD -3.02B CAD -2.22B (R) CAD -0.8B CAD 0.1B
2015-06-03 01:30 PM Apr CAD -2.97B CAD -3.85B (R) CAD -2.1B CAD -1.5B
2015-07-07 01:30 PM May CAD -2.97B CAD -2.5B CAD -3.3B
2015-08-06 01:30 PM Jun CAD -3.6B
2015-09-04 01:30 PM Jul CAD -3.9B


Canada Trade Deficit Narrows in April


Canada's merchandise trade deficit shrank to CAD 2.97 billion in April from an upward revised CAD 3.85 billion deficit in March, as exports were down 0.7 percent and imports declined at a faster 2.5 percent.

Exports declined to CAD 41.9 billion in April. The decreases in consumer goods as well as forestry products and building and packaging materials were mostly offset by an increase in energy products. Excluding energy products, exports fell 2.0 percent.

Exports of consumer goods decreased 6.0 percent to CAD 5.0 billion. Exports of forestry products and building and packaging materials declined 5.0 percent to CAD 3.2 billion. Mostly offsetting these decreases, exports of energy products increased 5.9 percent to CAD 7.3 billion. Exports of crude oil and crude bitumen rose 10.8 percent to CAD 4.9 billion, while exports in most of the other commodity groupings within this section declined.

Exports to countries other than the United States declined 7.2 percent to CAD 10.1 billion. There were lower exports to Japan (-CAD 173 million) and Switzerland (-CAD 130 million). Exports to the United States increased 1.6 percent to CAD 31.8 billion.

Imports declined to CAD 44.9 billion in April, as 7 of 11 sections decreased. Lower imports of consumer goods as well as metal and non-metallic mineral products were partially offset by increases in motor vehicles and parts as well as energy products. 

Imports of consumer goods fell 6.2 percent to CAD 9.4 billion on lower volumes. Metal and non-metallic mineral products decreased 11.3 percent to CAD 3.7 billion. Meanwhile, imports of motor vehicles and parts were up 2.7 percent to a record CAD 8.2 billion. Imports of energy products rose 7.4 percent to CAD 2.9 billion. Imports of crude oil and crude bitumen increased 22.4 percent to CAD 1.6 billion.

Imports from countries other than the United States were down 5.3 percent to CAD 15.5 billion, mainly on lower imports from China (-CAD 869 million). Imports from the United States fell 1.0 percent to CAD 29.4 billion in April.

As a result, Canada's trade deficit with countries other than the United States narrowed slightly in April. Canada's trade surplus with the United States widened to CAD 2.4 billion in April from CAD 1.6 billion last month.

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/3/2015 2:09:05 PM


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Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -2974.00 -3853.00 8524.80 -3853.00 CAD Million [+]
Exports 41912.00 42198.00 45537.80 1366.00 CAD Million [+]
Imports 44886.00 46051.00 46051.00 1112.00 CAD Million [+]
Current Account -17466.00 -13050.00 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 14.82 CAD Billion [+]
Terms of Trade 91.70 92.30 110.30 81.20 Index Points [+]
Foreign Direct Investment 6670.00 20390.00 50740.00 -8173.00 CAD Million [+]
Capital Flows -50.00 -14.00 19.00 -672.00 CAD Million [+]
Gold Reserves 2.99 2.99 46.19 2.99 Tonnes [+]
Crude Oil Production 3911.00 3901.00 3911.00 955.00 BBL/D/1K [+]
Tourist Arrivals 1687028.00 1448990.00 7006165.00 1138895.00 [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]