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

Canada recorded a trade surplus of 1859.60 CAD Million in June of 2014. Balance of Trade in Canada averaged 1633.34 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
1859.60 576.00 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, August 28, 2014.


Canada Trade Surplus Widens to 2-1/2 Year High in June


Canada's surplus increased to $1.9 billion in June from $576 million in the previous month, reaching its highest level since December of 2011. Exports rose 1.1 percent to a record high driven by metal and non-metallic mineral products, consumer goods, and energy products sales.

Shipments increased to a record high of $45.2 billion (volumes increased 1.0% and prices edged up 0.2%) while imports decreased to $43.3 billion (volumes fell 1.7% and prices edged down 0.1%). 

Exports to the United States were unchanged at $34.1 billion in June, while inflows were up 1.5% to a record high $29.1 billion. As a result, Canada's trade surplus with the United States narrowed from $5.4 billion in May to $5.0 billion in June.

Sales to countries other than the United States grew 4.8% to $11.1 billion, led by the European Union (+12.1%). Purchases from countries other than the United States fell 7.8% to $14.3 billion as declines were recorded for the principal trading area "all other countries" (-8.3%) and the European Union (-10.8%). Consequently, Canada's trade deficit with countries other than the United States narrowed from $4.9 billion in May to $3.1 billion in June.

Exports of metal and non-metallic mineral products increased 9.7%, sales of consumer goods rose 8.3% and shipments of energy products were up 2.5%. Partially offsetting these increases, exports of motor vehicles and parts fell 6.3% to $6.2 billion in June after recording four consecutive monthly gains.

Statistics Canada | Nuno Fontes | nuno@tradingeconomics.com
8/6/2014 1:45:53 PM


Recent Releases

Canada Trade Deficit Narrows in May
Canada trade gap narrowed to CAD 152 million in May of 2014, down from a revised CAD 961 million in the previous month. Exports increased to the second highest value on record, led by sales of motor vehicles and parts. Published on 2014-07-03

Canada Reports Trade Deficit in April
Canada recorded a trade gap of CAD 638 Million in April as exports declined 1.8 percent and imports hit a new record high rising 1.4 percent. Published on 2014-06-04


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-06 01:30 PM Canada
Balance of Trade
Mar 2014 CAD 0.08B CAD 0.85B (R) CAD 0.4B CAD -0.2B
2014-06-04 01:30 PM Canada
Balance of Trade
Apr 2014 CAD -0.64B CAD 0.77B (R) CAD 0.1B CAD 0.1B
2014-07-03 01:30 PM Canada
Balance of Trade
May 2014 CAD -0.15B CAD -0.96B (R) CAD -0.30B CAD -0.1B
2014-08-06 01:30 PM Canada
Balance of Trade
Jun 2014 CAD 1.86B CAD 0.58B (R) CAD -0.10B CAD -0.1B
2014-09-04 01:30 PM Canada
Balance of Trade
Jul 2014 CAD 1.86B CAD 0.8B


Trade Last Previous Highest Lowest Unit
Balance of Trade 1859.60 576.00 8524.80 -2902.90 CAD Million [+]
Exports 45203.20 44693.00 45203.20 1366.00 CAD Million [+]
Imports 43343.60 44117.00 44117.00 1112.00 CAD Million [+]
Current Account -12386.00 -15644.00 12223.00 -19565.00 CAD Million [+]
Current Account to GDP -3.20 -3.40 2.70 -4.20 Percent [+]
External Debt 602.44 583.58 602.44 15.00 CAD Billion [+]
Terms of Trade 98.30 97.90 110.30 81.20 Index Points [+]
Foreign Direct Investment 322.00 -658.00 3406.00 -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 3474.00 3595.00 3595.00 955.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1683.00 Jun/14 -2043.00 2225.00 -3907.00 AUD Million [+]
Brazil 1573.96 Jul/14 2364.45 5659.37 -4058.14 USD Million [+]
Canada 1859.60 Jun/14 576.00 8524.80 -2902.90 CAD Million [+]
China 473.01 Jul/14 315.65 473.00 -319.71 USD Hundred Million [+]
Euro Area 16808.50 Jun/14 15400.00 21780.80 -16638.00 EUR Million [+]
France -5380.00 Jun/14 -5129.00 2674.00 -7004.00 EUR Million [+]
Germany 16406.00 Jun/14 17800.00 21410.60 -535.91 EUR Million [+]
India -12228.60 Jul/14 -11763.20 258.90 -20210.90 USD Million [+]
Indonesia -305.10 Jun/14 69.90 4641.92 -2329.13 USD Million [+]
Italy 3675.63 May/14 3517.00 6382.91 -6389.31 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 4773.00 Jun/14 3337.10 4948.70 -907.60 EUR Million [+]
Russia 13957.00 Jun/14 18280.00 20356.00 -185.00 USD Million [+]
South Korea 2399.00 Jul/14 5453.83 6794.27 -4043.45 USD Million [+]
Spain -1477000.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -7853.06 Jun/14 -7146.21 24.51 -10453.06 USD Million [+]
United Kingdom -2459.00 Jun/14 -2364.00 2946.00 -5269.00 GBP Million [+]
United States -41538.00 Jun/14 -44392.00 1946.00 -67823.00 USD Million [+]





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