Search Icon
FXEMPIRE
icon
Advertisement
Advertisement

Search Indicator:

Choose Country
icon
Choose Indicator
icon

Canada Balance of Trade

Last Release
May 31, 2024
Actual
-1,926.9
Units In
CAD Million
Previous
-1,050
Frequency
Monthly
Next Release
Aug 08, 2024
Time to Release
1 Months 4 Days 4 Hours
Highest
Lowest
Average
Date Range
Source
8,524.8
Jan 2001
-5,575.1
Dec 2018
1,160.2 CAD Million1971-2024Statistics 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 CAD 1.93 billion in May of 2024, larger than market forecasts of CAD 1.2 billion, and following an upwardly revised gap of CAD 1.32 billion in the prior month. This was the largest deficit since June 2023, as exports slumped 2.6% month-over-month to a near yearly low of CAD 62.4 billion, with 8 of the 11 product sections posting declines, primarily metal and non-metallic mineral products (-7%), as well as energy products (-2.4%) and aircraft, other transportation equipment and parts (-11.5%). Meanwhile, imports decreased by 1.6% to CAD 64.4 billion in June, after rising by 1.3% in April, largely on lower acquisitions of metal and non-metallic mineral products (-10%), motor vehicles and parts (-4.4%), and energy products (-11.6%). Partially offsetting these declines, imports of metal ores and non-metallic minerals increased 27.3% in May.

Canada Balance of Trade History

Last 12 readings

Trade With A Regulated Broker