Canada Balance of Trade

Last Release

May 31, 2025

Actual

-5,900

Units In

CAD Million

-7,143.6

Frequency

Monthly

Next Release

Aug 05, 2025

Time to Release

1 Months 0 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
8,524.8 Jan 2001	-7,143.6 Apr 2025	1,119.47 CAD Million	1971-2025	Statistics Canada

Between 1970 and 2008 Canada had been recording trade surpluses every year. From 2009 the trade balance shifted to deficit, with an exception of 2011 and 2014. In 2018, the largest trade deficits were recorded with China, Germany and Mexico, while the biggest trade surpluses were recorded with the US, the UK and Norway.

Latest Updates

Canada posted a trade deficit of C$5.9 billion in May 2025, narrowing from the C$7.6 billion shortfall recorded in April. The improvement came as imports declined while exports increased, driven by Ottawa’s reciprocal tariffs and CARM-induced filing delays. Imports fell by 1.6% to C$66.7 billion, the third consecutive monthly decline, amid drops in metal and non-metallic mineral products (–16.8%) and motor vehicles and parts (–5.3%). Imports from the US fell by 1.2% as Canada maintained its reciprocal tariffs. In turn, exports rose by 1.1% from the previous month to C$60.8 billion. Exports to the US fell by 0.9%, although this was offset by a 5.7% surge in sales to countries excluding the US. Sales were higher for metal and non-metallic mineral products (+15.1%), and exports of consumer goods rose (+2.6%).