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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 Million1971 - 2020Statistics 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

DATETIMETITLE
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
Aug 2, 201913:19Canada Trade Surplus Narrows in June
Jul 3, 201916:27Canada Trade Balance Swings to Surplus in May
DATETIMEEVENTActual
May 5, 202012:30Balance of Trade-1.41 B
Apr 2, 202012:30Balance of Trade-980 M
Mar 6, 202013:30Balance of Trade-1.47 B
Feb 5, 202013:30Balance of Trade-400 M
Jan 7, 202013:30Balance of Trade-1.09 B
Dec 5, 201913:30Balance of Trade-1.08 B
Nov 5, 201913:30Balance of Trade-980 M

A Look at the Markets

Educational Pieces on Marco Indicators

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Canada trade Indicators

All Canada indicators
Indicator
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 MillionMonthly1971 - 2020
Capital Flows
0
Dec 2019
0
Sep 2019
-672
Mar 1990
4,632
Sep 2011
CAD MillionQuarterly1981 - 2019
Crude Oil Production
4,630
Dec 2019
4,548
Nov 2019
955
Apr 1982
4,630
Dec 2019
BBL/D/1KMonthly1973 - 2019
Current Account
-8,757
Dec 2019
-10,864
Sep 2019
-20,035
Sep 2010
12,492
Dec 2005
CAD MillionQuarterly1946 - 2019
Current Account to GDP
-2.6
Dec 2018
-2.8
Dec 2017
-4.2
Dec 1981
2.7
Dec 2000
%Yearly1980 - 2018
Exports
46,257.4
Mar 2020
48,341
Feb 2020
1,366
Feb 1971
52,538.8
May 2019
CAD MillionMonthly1971 - 2020

Balance of Trade across North America

Balance of Trade global view
Country
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 MillionMonthly1971 - 2020
Mexico
3,391.83
Mar 2020
2,910.57
Feb 2020
-4,642.52
Jan 2019
3,391.83
Mar 2020
USD MillionMonthly1980 - 2020
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
-44,415
Mar 2020
-39,932
Feb 2020
-67,823
Aug 2006
1,946
Jun 1975
USD MillionMonthly1950 - 2020

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