Canada Balance of Trade

Last Release

Jul 31, 2025

Actual

-4,936.4

Units In

CAD Million

-5,862.5

Frequency

Monthly

Next Release

Oct 07, 2025

Time to Release

1 Months 0 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
8,524.8 Jan 2001	-7,143.6 Apr 2025	1,099.57 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$4.9 billion in July 2025, narrowing from a revised C$6.0 billion shortfall in June but slightly above market expectations of C$4.75 billion. It was the smallest trade gap in four months, as exports rose 0.9% to a four-month high of C$61.9 billion, the third consecutive monthly increase. Gains were seen in 7 of the 11 product sections, led by energy products (+4.2%) and motor vehicles and parts (+6.6%); however, metal and non-metallic mineral products slumped 8%. Meanwhile, imports were down 0.7% to C$66.8 billion, mainly reflecting lower imports of industrial machinery, equipment and parts (-18.8%). Exports to the United States increased 5% in July, in part because of higher exports of crude oil and passenger cars. Imports from the United States fell 2.2%, marking the fourth decrease in five months.