Exports from Canada were down 1.3 percent month-over-month to CAD 48 billion in February 2019 from an upwardly revised CAD 48.6 billion in January and matching market expectations. Shipments decreased for motor vehicles & parts (-2.8 percent) and metal & non-metallic mineral products (-6.6 percent) while exports of energy products rose 11.7 percent. Among major trading partners, exports dropped to China (-6.3 percent) and the UK (-33.4 percent) while those to the US increased 3.5 percent. Exports in Canada averaged 22096.44 CAD Million from 1971 until 2019, reaching an all time high of 51314.50 CAD Million in July of 2018 and a record low of 1366 CAD Million in February of 1971.
Exports in Canada is expected to be 49700.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Canada to stand at 51000.00 in 12 months time. In the long-term, the Canada Exports is projected to trend around 53000.00 CAD Million in 2020, according to our econometric models.