Canada Balance of Trade

Canada recorded a trade surplus of 289.70 CAD Million in February of 2014. Balance of Trade in Canada is reported by the Statistics Canada. Balance of Trade in Canada averaged 1636.81 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. 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
289.70 -340.00 8524.80 -2902.90 -247.88 | 2014/03 1971 - 2014 CAD Million Monthly

TO

Canada Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-07 01:30 PM Canada
Balance of Trade
Nov 2013 CAD -0.94B CAD -0.90B (R) CAD -0.150B CAD -0.2B
2014-02-06 01:30 PM Canada
Balance of Trade
Dec 2013 CAD -1.66B CAD -1.53B (R) CAD -1.0B CAD -0.7B
2014-03-07 01:30 PM Canada
Balance of Trade
Jan 2014 CAD -0.18B CAD -0.92B (R) CAD -1.0B CAD -0.5B
2014-04-03 01:30 PM Canada
Balance of Trade
Feb 2014 CAD 0.29B CAD -0.34B (R) CAD 0.2B CAD -0.5B
2014-05-06 01:30 PM Canada
Balance of Trade
Mar 2014 CAD 0.29B CAD -0.2B
2014-06-04 01:30 PM Canada
Balance of Trade
Apr 2014 CAD -0.2B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Current Account -16009.00 2013-11-15 -14800.00 12223.00 -19565.00 -15309.88 2014-03-31 CAD Billion [+]
Capital Flows -2.00 2013-11-15 -4.00 19.00 -672.00 2.93 2014-03-31 CAD Million [+]
Crude Oil Production 3690.00 2013-10-15 3352.00 3690.00 955.00 Thousands Barrels per Day [+]
External Debt 602.44 2013-06-30 583.58 602.44 15.00 604.06 2013-12-31 CAD Billion [+]
Foreign Direct Investment 132.00 2013-11-15 -546.00 3406.00 -2013.00 -225.64 2014-03-31 CAD Million [+]
Gold Reserves 2.99 2013-12-31 3.05 46.19 2.99 Tonnes [+]
Terms Of Trade 98.60 2014-02-15 98.60 110.30 81.20 98.83 2014-03-31 Index Points [+]
Current Account to GDP -3.20 2013-12-31 -3.40 2.70 -4.20 -3.17 2014-06-30 Percent [+]
Balance of Trade 289.70 2014-02-15 -340.00 8524.80 -2902.90 -247.88 2014-03-31 CAD Million [+]
Exports 42346.90 2014-02-15 40867.90 44538.30 1366.00 42037.27 2014-03-31 CAD Million [+]
Imports 42057.20 2014-02-15 41204.60 42057.20 1112.00 41736.78 2014-03-31 CAD Million [+]
[+]


Canadian Trade Balance Turns to a CAD 290 Million Surplus

Trade balance in Canada recorded a surplus of CAD 290 million in February of 2014, following a CAD 337 million deficit in January, as exports grew 3.6 percent and imports were up 2.1 percent. Motor vehicles and parts, and energy products improved exports, while imports increased for energy products.

Exports amounted to CAD 42.3 billion, mostly due to motor vehicles and energy products sales. The volume of exports increased 2.2 percent, while its prices rose by 1.4 percent.

Imports grew to CAD 42.1 billion, as prices increased 1.4 percent and volumes were up 0.6 percent. Higher purchases of energy products, motor vehicles and parts, as well as industrial machinery, equipment and parts were partially offset by lower imports of metal and non-metallic mineral products.

Exports to the United States rose 4.4 percent to CAD 32.4 billion on higher exports of motor vehicles and parts, and energy products. Imports from the United States increased 3.3 percent to CAD 28.1 billion on the strength of motor vehicles and parts. Consequently, Canada's trade surplus with the United States increased from CAD 3.9 billion in January to CAD 4.3 billion in February.

Sales to countries other than the United States were up 1.1 percent to CAD 9.9 billion. Increases in exports to the European Union (+6.8 percent) and Japan (+12.0 percent) were partially offset by declines to the principal trading area "all other countries" (-3.8 percent). Imports from countries other than the United States edged down 0.2 percent to CAD 14.0 billion. As a result, Canada's trade deficit with countries other than the United States narrowed from CAD 4.2 billion in January to CAD 4.0 billion in February.

Statistics Canada | Isabel Felino | isabel.felino@tradingeconomics.com
4/3/2014 2:04:38 PM

RECENT RELEASES

Canada Trade Deficit Narrows Sharply in January
Canadian trade deficit decreased to CAD 172 million in the first month of 2014 from CAD 922 million in December of 2013 as imports declined 1.6 percent while exports edged up 0.2 percent. Published on 2014-03-07

Canadian Trade Deficit Widens Further in December
In December of 2013, Canada's trade deficit widened slightly to CAD 1.7 billion, up from CAD 1.5 billion in November, as imports rose 1.2 percent while exports edged up by 0.9 percent. Published on 2014-02-06


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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