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Canada Balance of Trade
Last Release
Mar 2020
Actual
-1410.8 CAD Million
Forecast
-4000000000 CAD Million
Previous
-982.7 CAD Million
Frequency
Monthly
Units In
CAD Million
Next Release
Jun 4, 2020
Time to Release
10 Days 13 Hours
Highest | Lowest | Average | Date Range | Source |
8524.8 CAD Million Jan 2001 | -4953.1 CAD Million Dec 2018 | 1,241.47 CAD Million | 1971 - 2020 | 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’s trade deficit narrowed to CAD 1.1 billion in November 2019 from an upwardly revised CAD 1.6 billion in October and compare with market expectations of a CAD 1.15 billion gap. It was the smallest trade gap since June last year, as exports declined 1.4 percent while imports fell 2.4 percent. Widespread declines across export and import products coincided with disruptions in Canadian rail transportation.
Canada Balance of Trade History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Jan 7, 2020 | 13:56 | Canada Trade Gap Smallest in 5 Months |
| Dec 5, 2019 | 13:53 | Canada Trade Gap Narrows in October |
| Nov 5, 2019 | 14:37 | Canada Trade Gap Narrows in September |
| Oct 4, 2019 | 12:59 | Canada Trade Gap Narrows in August |
| Sep 4, 2019 | 12:50 | Canada Trade Gap Widens in July |
| Aug 2, 2019 | 13:19 | Canada Trade Surplus Narrows in June |
| Jul 3, 2019 | 16:27 | Canada Trade Balance Swings to Surplus in May |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT | Actual |
|---|---|---|---|
| May 5, 2020 | 12:30 | Balance of Trade | -1.41 B |
| Apr 2, 2020 | 12:30 | Balance of Trade | -980 M |
| Mar 6, 2020 | 13:30 | Balance of Trade | -1.47 B |
| Feb 5, 2020 | 13:30 | Balance of Trade | -400 M |
| Jan 7, 2020 | 13:30 | Balance of Trade | -1.09 B |
| Dec 5, 2019 | 13:30 | Balance of Trade | -1.08 B |
| Nov 5, 2019 | 13:30 | Balance of Trade | -980 M |
A Look at the Markets
Educational Pieces on Marco Indicators
all education articles
Canada trade Indicators
All Canada indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Balance of Trade | -1,410.8 Mar 2020 | -982.7 Feb 2020 | -4,953.1 Dec 2018 | 8,524.8 Jan 2001 | CAD Million | Monthly | 1971 - 2020 |
| Capital Flows | 0 Dec 2019 | 0 Sep 2019 | -672 Mar 1990 | 4,632 Sep 2011 | CAD Million | Quarterly | 1981 - 2019 |
| Crude Oil Production | 4,630 Dec 2019 | 4,548 Nov 2019 | 955 Apr 1982 | 4,630 Dec 2019 | BBL/D/1K | Monthly | 1973 - 2019 |
| Current Account | -8,757 Dec 2019 | -10,864 Sep 2019 | -20,035 Sep 2010 | 12,492 Dec 2005 | CAD Million | Quarterly | 1946 - 2019 |
| Current Account to GDP | -2.6 Dec 2018 | -2.8 Dec 2017 | -4.2 Dec 1981 | 2.7 Dec 2000 | % | Yearly | 1980 - 2018 |
| Exports | 46,257.4 Mar 2020 | 48,341 Feb 2020 | 1,366 Feb 1971 | 52,538.8 May 2019 | CAD Million | Monthly | 1971 - 2020 |
Balance of Trade across North America
Balance of Trade global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Canada | -1,410.8 Mar 2020 | -982.7 Feb 2020 | -4,953.1 Dec 2018 | 8,524.8 Jan 2001 | CAD Million | Monthly | 1971 - 2020 |
| Mexico | 3,391.83 Mar 2020 | 2,910.57 Feb 2020 | -4,642.52 Jan 2019 | 3,391.83 Mar 2020 | USD Million | Monthly | 1980 - 2020 |
| Puerto Rico | 2,154.9 Dec 2019 | 1,267.1 Nov 2019 | -187.5 Nov 2006 | 5,218.4 Dec 2010 | USD Million | Monthly | 2003 - 2019 |
| United States | -44,415 Mar 2020 | -39,932 Feb 2020 | -67,823 Aug 2006 | 1,946 Jun 1975 | USD Million | Monthly | 1950 - 2020 |
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