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

Canada recorded a trade deficit of 644.30 CAD Million in November of 2014. Balance of Trade in Canada averaged 1615.11 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.

      Forecast    
Canada Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-644.30 -327.00 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 Thursday, January 29, 2015.


Canada Trade Deficit Widens in November


Canada’s trade gap increased to CAD 644 million in November of 2014 from a revised CAD 327 million in the previous month as exports declined more than imports.

Exports declined 3.5 percent to CAD $43.3 billion, the lowest value since April. Shipments of energy products fell 7.8 percent to CAD 9.5 billion, the sixth consecutive monthly decrease. Crude oil and crude bitumen was the main contributor to the decline, down 9.9 percent to CAD 6.9 billion, as prices fell 6.7 percent and volumes were down 3.4 percent. Exports of other energy products (-28.4 percent), mainly coal, also decreased.

Shiments of metal and non-metallic mineral products declined 8.3 percent to CAD 5.0 billion. Overall, prices decreased 6.6 percent and volumes 1.9 percent. The decrease in exports was almost entirely due to a 26.2 percent decline in unwrought precious metals and precious metal alloys, which was partially offset by a 26.0 percent increase in unwrought nickel and nickel alloys.

Exports to the United States decreased 2.6 percent to CAD 32.9 billion in November. Exports to countries other than the United States fell 6.2 percent to CAD 10.4 billion; the main contributor was the United Kingdom, down CAD 787 million. Partially offsetting the decline were increased exports to Mexico, up CAD 280 million, and Hong Kong, up CAD 216 million.

Imports were down 2.7 percent to CAD 43.91 billion, the lowest figure since July 2014. The largest decreases were recorded for aircraft and other transportation equipment and parts; electronic and electrical equipment and parts; and consumer goods. Motor vehicles and parts (+1.2 percent) was the lone section to record an increase.
Imports of aircraft and other transportation equipment and parts fell 18.7 percent to CAD 1.4 billion. Imports of aircraft decreased 47.3 percent to CAD 269 million following two consecutive monthly increases. The commodity grouping "ships, locomotives, railway rolling stock, and rapid transit equipment" also contributed to the decline, down CAD 173 million to CAD 48 million in November following an increase of CAD 183 million in October.

Imports from the United States declined 2.1 percent to CAD 29.9 billion. Imports from countries other than the United States decreased 4.2 percent to CAD 14.0 billion. Imports were down from Belgium (CAD -133 million), China (CAD -129 million) and Saudi Arabia (CAD -114 million).

Statistics Canada | Carolina Cunha | carolina.cunha@tradingeconomics.com
1/7/2015 2:24:08 PM


Recent Releases

Canada Trade Surplus Narrows in October
Canada's trade surplus narrowed to CAD 99 million in October of 2014 from revised CAD 307 million in the previous month. Exports edged up 0.1% to CAD 44.9 billion while imports increased by 0.5% to CAD 44.8 billion. Published on 2014-12-05

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. Published on 2014-11-04


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-04 01:30 PM
Balance of Trade  Sep
CAD 0.71B CAD -0.46B (R) CAD -0.3B CAD -0.2B
2014-12-05 01:30 PM
Balance of Trade  Oct
CAD 0.10B CAD 0.31B (R) CAD 0.2B CAD 1.2B
2015-01-07 01:30 PM
Balance of Trade  Nov
CAD -0.644B CAD -0.327B (R) CAD -0.3B CAD 0.8B
2015-02-05 01:30 PM
Balance of Trade  Dec
CAD -0.64B 368.35
2015-03-06 01:30 PM
Balance of Trade  Jan
372.06
2015-04-03 01:30 PM
Balance of Trade  Feb
426.3


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -644.30 -327.00 8524.80 -2902.90 CAD Million [+]
Exports 43261.20 44818.80 45537.80 1366.00 CAD Million [+]
Imports 43905.50 45150.00 45150.00 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 14.82 CAD Billion [+]
Terms of Trade 95.90 96.00 110.30 81.20 Index Points [+]
Foreign Direct Investment 1951.00 2978.00 7999.00 -2013.00 CAD Million [+]
Capital Flows -4.00 -2.00 19.00 -672.00 CAD Million [+]
Gold Reserves 2.99 2.99 46.19 2.99 Tonnes [+]
Crude Oil Production 3867.00 3447.00 3867.00 955.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -925.00 Nov/14 -877.00 2219.00 -3897.00 AUD Million [+]
Brazil 293.00 Dec/14 -2350.52 5659.37 -4058.14 USD Million [+]
Canada -644.30 Nov/14 -327.00 8524.80 -2902.90 CAD Million [+]
China 496.13 Dec/14 544.76 544.76 -319.71 USD Hundred Million [+]
Euro Area 19954.00 Nov/14 23646.00 23646.00 -16638.00 EUR Million [+]
France -3236.00 Nov/14 -4270.00 2674.00 -7086.00 EUR Million [+]
Germany 17883.46 Nov/14 22100.00 23400.00 -535.91 EUR Million [+]
India -9430.00 Dec/14 -16861.10 258.90 -20210.90 USD Million [+]
Indonesia -425.70 Nov/14 20.00 4641.92 -2329.13 USD Million [+]
Italy 3541.23 Nov/14 5396.00 6923.00 -6389.30 EUR Million [+]
Japan -660.70 Dec/14 -893.52 1608.67 -2795.04 JPY Billion [+]
Mexico 254.00 Dec/14 -1076.36 1710.25 -3292.30 USD Million [+]
Netherlands 4531.00 Nov/14 4849.00 4948.70 -907.60 EUR Million [+]
Russia 13359.00 Nov/14 14222.00 20356.00 -185.00 USD Million [+]
South Korea 5780.00 Dec/14 5510.00 7380.00 -4043.45 USD Million [+]
Spain -1555245.00 Nov/14 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.33 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -8316.49 Nov/14 -6273.41 24.51 -10453.06 USD Million [+]
United Kingdom -1406.00 Nov/14 -2246.00 2946.00 -5397.00 GBP Million [+]
United States -39001.00 Nov/14 -42249.00 1946.00 -67823.00 USD Million [+]