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

Canada recorded a trade surplus of 100 CAD Million in October of 2014. Balance of Trade in Canada averaged 1624.52 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
100.00 310.00 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 Monday, December 22, 2014.


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.

Exports of industrial machinery, equipment and parts advanced 8.0% to CAD 2.6 billion in October, the highest value since the record high in October 2008. Miscellaneous parts of machinery and equipment led the monthly increase, as exports rose 13.7% to CAD 815 million. This was followed by exports of the commodity grouping 'logging, mining and construction machinery and equipment,' which rose 32.9% to CAD 164 million. Overall, volumes increased 7.5%. 

Exports of farm, fishing and intermediate food products declined 8.6% to CAD 2.3 billion, as volumes fell 6.9% and prices 1.8%. Decreases in exports were recorded for most commodity groupings, including other crop products (-19.9%), canola (-17.0%), wheat (-6.4%) and other animal products (-33.8%).

Exports to the United States advanced 0.7% to CAD 33.9 billion, while exports to countries other than the United States declined 1.8% to CAD 11.1 billion. Exports to Hong Kong fell by half to CAD 268 million in October, following an increase of CAD349 million in September. Also declining were exports to Germany (-29.9%). Partially offsetting these decreases were higher exports to the United Kingdom (+10.2%).

Imports of consumer goods rose 3.1% to CAD 9.2 billion in October, led by the commodity groupings 'miscellaneous goods and supplies' (+11.0%) and 'clothing, footwear and accessories' (+5.4%). In the section as a whole, volumes rose 2.2% and prices 0.9%. Imports of aircraft and other transportation equipment and parts were up 12.4% to a record high CAD 1.7 billion; the previous record was in May 2008. The commodity grouping 'ships, locomotives, railway rolling stock, and rapid transit equipment' recorded the largest gain, up CAD 183 million to reach CAD 220 million in October. Also contributing to the section's gains were imports of aircraft (+21.2%).

Moderating the overall increase in imports, energy products decreased 10.1% to CAD 3.3 billion as volumes fell 6.1% and prices 4.3%. Lower imports of crude oil and crude bitumen (-18.5%) and refined petroleum energy products (-10.5%) were the main contributors to the decline.

Imports from the United States rose 1.0% to CAD 30.3 billion in October. Imports from countries other than the United States declined 0.5% to CAD 14.5 billion; the main contributors were Germany (-11.5%) and the United Kingdom (-11.2%). An increase in imports from China (+3.5%) moderated these declines.

Statistics Canada | Carolina Cunha | carolina.cunha@tradingeconomics.com
12/5/2014 2:25:49 PM


Recent Releases

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

Canada Trade Balance Swings to Deficit in August
Canadian balance of trade registered a CAD 610 million deficit in August of 2014 from a revised CAD 2.2 billion surplus in July, as exports decreased 2.5 percent while imports increased 3.9 percent to the highest value on record. Published on 2014-11-04


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-03 01:30 PM
Balance of Trade  Aug
CAD -0.61B CAD 2.2B (R) CAD 2.0B CAD 1.7B
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 0.10B
2015-02-05 01:30 PM
Balance of Trade  Dec
2015-03-06 01:30 PM
Balance of Trade  Jan


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade 100.00 310.00 8524.80 -2902.90 CAD Million [+]
Exports 44916.90 44894.00 45537.80 1366.00 CAD Million [+]
Imports 44818.00 44586.00 44818.00 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 15.00 CAD Billion [+]
Terms of Trade 96.40 96.40 110.30 81.20 Index Points [+]
Foreign Direct Investment 1951.00 2978.00 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 3408.00 3508.00 3595.00 955.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]