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Canada Balance of Trade

Last Release
Jul 2021
Actual
778.1 CAD Million
Forecast
N/A
Previous
3230.8 CAD Million
Frequency
Monthly
Units In
CAD Million
Next Release
Oct 5, 2021
Time to Release
16 Days 0 Hours
Highest
Lowest
Average
Date Range
Source
8524.8 CAD Million
Jan 2001
-4953.1 CAD Million
Dec 2018
1,176.59 CAD Million1971 - 2021Statistics 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 surplus of CAD 0.78 billion in July of 2021, compared to a downwardly revised surplus of CAD 2.56 billion in the prior month and missed market expectations of a CAD 1.40 billion surplus. Total exports rose 0.6% to a fresh record of CAD 53.7 billion, underpinned by motor vehicles and parts (+6.4%) and energy products (+1.9%), which received support from higher prices. However, gains were almost offset by a sharp decline in forestry products & building and packaging materials (-12.7%), mainly lumber and other sawmill products (-23.6%), due to lower prices. Meanwhile, imports rose a faster 4.2% to CAD 53.0 billion, with gains observed in 9 of the 11 product sections, notably in motor vehicles and parts (+21.1%), which contributed with more than 2/3 of July’s import growth and electronic equipment and parts (+8.5%).

Canada Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 2, 202112:39Canada Trade Surplus Shrinks More than Expected
Aug 5, 202112:33Canada Unexpectedly Reports Trade Surplus
Jan 7, 202013:56Canada Trade Gap Smallest in 5 Months
Dec 5, 201913:53Canada Trade Gap Narrows in October
Nov 5, 201914:37Canada Trade Gap Narrows in September
Oct 4, 201912:59Canada Trade Gap Narrows in August
Sep 4, 201912:50Canada Trade Gap Widens in July
DATETIMEEVENTActual
Sep 2, 202112:30Balance of Trade0.78 B
Aug 5, 202112:30Balance of Trade3.23 B
Jul 2, 202112:30Balance of Trade-1.39 B
Jun 8, 202112:30Balance of Trade0.59 B
May 4, 202112:30Balance of Trade-1.14 B
Apr 7, 202112:30Balance of Trade1.04 B
Mar 5, 202113:30Balance of Trade1.41 B

Canada trade Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
778.1
Jul 2021
3,230.8
Jun 2021
-4,953.1
Dec 2018
8,524.8
Jan 2001
CAD MillionMonthly1971 - 2021
Capital Flows
0
Jun 2021
-38
Mar 2021
-672
Mar 1990
4,632
Sep 2011
CAD MillionQuarterly1981 - 2021
Crude Oil Production
4,630
Dec 2019
4,548
Nov 2019
955
Apr 1982
4,630
Dec 2019
BBL/D/1KMonthly1973 - 2019
Current Account
3,581
Jun 2021
1,815
Mar 2021
-20,035
Sep 2010
12,492
Dec 2005
CAD MillionQuarterly1946 - 2021
Current Account to GDP
-1.9
Dec 2020
-2.1
Dec 2019
-4.2
Dec 1981
2.7
Dec 2000
% of GDPYearly1980 - 2020
Exports
53,749.3
Jul 2021
53,761.7
Jun 2021
1,366
Feb 1971
53,761.7
Jun 2021
CAD MillionMonthly1971 - 2021

Balance of Trade across North America

Balance of Trade global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
778.1
Jul 2021
3,230.8
Jun 2021
-4,953.1
Dec 2018
8,524.8
Jan 2001
CAD MillionMonthly1971 - 2021
Mexico
-4,062.89
Jul 2021
762.03
Jun 2021
-4,642.52
Jan 2019
6,262
Dec 2020
USD MillionMonthly1980 - 2021
Puerto Rico
2,154.9
Dec 2019
1,267.1
Nov 2019
-187.5
Nov 2006
5,218.4
Dec 2010
USD MillionMonthly2003 - 2019
United States
-70,051
Jul 2021
-75,749
Jun 2021
-75,749
Jun 2021
1,946
Jun 1975
USD MillionMonthly1950 - 2021

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