Canada Balance of Trade  1971-2018 | Data | Chart | Calendar | Forecast

The Canadian trade deficit narrowed to CAD 0.11 billion in July of 2018 from an upwardly revised CAD 0.74 billion in the previous month and well below market expectations of a CAD 1.13 billion gap. It was the smallest trade deficit since the most recent surplus in December of 2016, as exports rose 0.8 percent to an all-time high, mainly on higher crude oil prices and imports went down 0.4 percent, due to fewer aircraft imports. Balance of Trade in Canada averaged 1338.29 CAD Million from 1971 until 2018, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -4127.40 CAD Million in September of 2016.

Canada Balance of Trade
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Canada Posts Smallest Trade Deficit in 19 Months


The Canadian trade deficit narrowed to CAD 0.11 billion in July of 2018 from an upwardly revised CAD 0.74 billion in the previous month and well below market expectations of a CAD 1.13 billion gap. It was the smallest trade deficit since the most recent surplus in December of 2016, as exports rose 0.8 percent to an all-time high, mainly on higher crude oil prices and imports went down 0.4 percent, due to fewer aircraft imports.

Exports from Canada rose 0.8 percent month-over-month to an all-time high of CAD 51.3 billion in July of 2018 despite declines in 6 of 11 product sections. Sales of energy products increased 5 percent, the highest since September of 2014, boosted by crude oil exports (+7 percent). In addition, there was a 3.4 percent gain in exports of motor vehicles and parts, namely passenger cars and light trucks (+3.8 percent). On the other hand, sales of aircraft and other transportation equipment and parts declined. Exports excluding energy products edged down 0.2 percent in July. 

Exports to the United States went up 3.3 percent to CAD 38.4 billion and exports to other than the US declined 6 percent to CAD 12.8 billion, particularly to Japan, Germany, Mexico, India and Saudi Arabia. These decreases were partially offset by higher exports to the United Kingdom. 

Imports went down 0.4 percent from the previous month to CAD 51.4 billion. Purchases of aircraft and other transportation equipment and parts fell 15.6 percent to CAD 1.8 billion in July, following a 14.1 percent decrease in June, as aircraft decreased 44.8 percent, mainly due to lower imports of airliners from the United States. Also, imports of metal ores and non-metallic minerals declined 13.9 percent, dragged down by other metal ores and concentrates (-16.7 percent). On the other hand, imports advanced for energy products (+8.8 percent), mainly due to refined petroleum products (+11.3 percent) and crude oil (+7.4 percent). 

Imports from the United States edged down 0.1 percent to CAD 33.1 billion and to other countries than the US fell 1 percent, namely from Belgium, Japan and Saudi Arabia.


Statistics Canada | Agna Gabriel | agna.gabriel@tradingeconomics.com
9/5/2018 4:57:08 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-06 12:30 PM Balance of Trade C$-2.77B C$-1.86B C$-2.05B C$ -2B
2018-08-03 12:30 PM Balance of Trade C$-0.63B C$-2.72B C$-2.3B C$ -2.9B
2018-09-05 12:30 PM Balance of Trade C$-0.11B C$-0.74B C$-1.13B C$ -0.5B
2018-10-05 12:30 PM Balance of Trade C$-0.11B C$ -0.2B
2018-11-02 12:30 PM Balance of Trade C$ -0.2B
2018-12-06 01:30 PM Balance of Trade C$ 0B


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -114.30 -743.00 8524.80 -4127.40 CAD Million [+]
Exports 51265.40 50859.60 51265.40 1366.00 CAD Million [+]
Imports 51379.70 51602.60 52015.70 1112.00 CAD Million [+]
Current Account -15880.00 -17500.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -3.00 -3.30 2.70 -4.20 percent [+]
External Debt 631.90 615.99 631.90 14.82 CAD Billion [+]
Terms of Trade 92.40 92.20 110.30 81.20 Index Points [+]
Foreign Direct Investment 11674.00 16752.00 50326.00 -8640.00 CAD Million [+]
Capital Flows 0.00 -51.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.19 0.00 Tonnes [+]
Crude Oil Production 4237.00 4297.00 4297.00 955.00 BBL/D/1K [+]
Terrorism Index 2.96 2.52 3.00 0.65 [+]
Tourist Arrivals 3786646.00 2607284.00 7006165.00 1138895.00 [+]
Weapons Sales 87.00 144.00 469.00 38.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Canada Balance of Trade

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 2017, the largest trade deficits were recorded with China, Mexico and Germany, while the biggest trade surpluses were recorded with the United States, the United Kingdom and India. This page provides the latest reported value for - Canada Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-114.30 -743.00 8524.80 -4127.40 1971 - 2018 CAD Million Monthly




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -2448240.00 Jun/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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