Canada posted a trade surplus of CAD 1.4 billion in January, the first since May 2019, beating market forecasts of a CAD 1.4 billion shortfall. It was also the largest surplus since July 2014, as exports jumped 8.1% to CAD 51.2 billion, the largest percentage increase since the rebound in the summer of 2020 that followed the easing of restrictions following the first wave of the pandemic. Exports of aircraft and other transportation equipment and parts rose 72.3% in January, mainly on atypical growth in aircraft exports, which more than doubled. A Canadian airline retired a large number of aircraft from its fleet in January, resulting in the export of these used airliners to the United States. Imports rose 0.9% to CAD 49.8 billion, with purchases of energy products (+20.5%) posting the largest gain, mainly on higher imports of refined petroleum products (+87.8%). source: Statistics Canada
Balance of Trade in Canada averaged 1175.93 CAD Million from 1971 until 2021, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -5575.10 CAD Million in December of 2018. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Balance of Trade in Canada is expected to be -2000.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Canada to stand at 3200.00 in 12 months time. In the long-term, the Canada Balance of Trade is projected to trend around -500.00 CAD Million in 2022 and 200.00 CAD Million in 2023, according to our econometric models.