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

Canada recorded a trade deficit of 1908 CAD Million in February of 2016. Balance of Trade in Canada averaged 1525.74 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 -3734.60 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
-1908.00 -628.00 8524.80 -3734.60 1971 - 2016 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 April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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$-0.66B C$-0.63B C$-1.05B C$-0.9B
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$-1.91B C$-1.6B
2016-06-03 12:30 PM Apr -1550.55
2016-07-06 12:30 PM May -1504.20

Canada Trade Deficit at 4-Month High


Canada's trade deficit widened to its largest in four months CAD 1.9 billion in February of 2016 from a downwardly revised CAD 0.63 billion gap in January and above market expectations of CAD 0.9 billion. Exports fell 5.4 percent and imports declined at a slower 2.6 percent.

Total exports fell 5.4 percent to $43.7 billion in February, after reaching a record high in the previous month. Exports of consumer goods declined 14.3 percent, dragged down by fall in precious metals purchases. Exports of energy products went down 14.4 percent, the eighth consecutive monthly decline, as crude oil and crude bitumen decreased 15.6 percent and refined petroleum energy products shrank 15.1 percent. Following three consecutive monthly increases, exports of motor vehicles and parts decreased 4.4 percent, driven by lower exports of passenger cars and light trucks (-4.0 percent) and motor vehicle engines and motor vehicle parts (-7.6 percent). Partially offsetting these declines, exports of aircraft and other transportation equipment and parts rose 25.2 percent.

Total imports were down 2.6 percent to $45.6 billion. Imports of energy products fell 29.7 percent, the lowest since September 2003, as crude oil and crude bitumen fell 45.7 percent. Following four consecutive monthly increases, imports of motor vehicles and parts were down 2.7 percent, dragged down by motor vehicle engines and motor vehicle parts (-4.0 percent). Imports of metal and non-metallic mineral products decreased 4.8 percent and basic and industrial chemical, plastic and rubber products were down 3.4 percent.

Year over year, imports rose 2.3 percent and exports were up 2.1 percent.

Statistics Canada | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/5/2016 1:57:54 PM

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -1908.00 -628.00 8524.80 -3734.60 CAD Million [+]
Exports 43675.00 46178.00 46178.00 1366.00 CAD Million [+]
Imports 45583.00 46651.00 46926.00 1112.00 CAD Million [+]
Current Account -15379.00 -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 87.70 87.70 110.30 81.20 Index Points [+]
Foreign Direct Investment 8894.00 35076.00 50740.00 -8173.00 CAD Million [+]
Capital Flows -2.00 -2.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 1.70 2.99 46.19 1.70 Tonnes [+]
Crude Oil Production 3870.00 3820.00 3912.00 955.00 BBL/D/1K [+]
Terrorism Index 2.30 2.30 3.00 0.65 [+]
Tourist Arrivals 1479870.00 1410206.00 7006165.00 1138895.00 [+]




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