Canada recorded a trade deficit of 4940 CAD Million in July of 2025. This dataset 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.

Key information about Canada's Trade Balance

• Canada's Trade Balance recorded a surplus of 2.8 USD bn in Jan 2025, compared with a surplus of 1.2 USD bn in the previous month
• Canada's Trade Balance data is updated monthly, available from Jan 1988 to Jan 2025, with an averaged value of 800.0 USD mn
• The data reached an all-time high of 6.4 USD bn in Oct 2005 and a record low of -4.3 USD bn in Dec 2018

CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports. Statistics Canada provides Total Exports and Total Imports in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Further information about Canada's Trade Balance

• In the latest reports, Canada's Total Exports reached 51.8 USD bn in Jan 2025, an increase of 14.1% YoY (year-on-year)
• Total Imports recorded 49.0 USD bn in Jan 2025, an increase of 14.1% YoY (year-on-year)

The balance of trade in goods and services in Canada decreased to 1.98 billion dollars compared to the previous year. This was a significant decrease in the balance of trade.

Canada and United States bilateral trade in goods data produced by Statistics Canada and the United States Census Bureau (customs basis) and the United States Bureau of Economic Analysis (balance of payments basis). Data are presented before and after adjustments made to standardize definitions. Quarterly data are available on Customs and on Balance of payments basis and are not seasonally adjusted.

International merchandise trade data grouped by Principal Trading Partners (PTP). Users have the option of selecting Imports, Exports, or Trade Balance. Data are unadjusted and seasonally adjusted, and are on a Customs and Balance of Payments basis.

The statistic shows the trade balance of goods (exports minus imports of goods) in Canada from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the trade deficit of goods in Canada amounted to about **** billion U.S. dollars. Trade with Canada Canada reported a trade surplus until 2009 when the country’s trade balance went negative for the first time in recent history. Its deficit was ignited at the height of the global recession, and the value of exports decreased significantly at that time. It is only now showing signs of a recovery. Meanwhile, while imports decreased during the recession as well, they bounced back faster than exports. Currently, Canada maintains neither a trade deficit nor a trade surplus as both imports and exports amount to around *** billion U.S. dollars worth of goods. Canada is hoping this will continue, and it is looking to lower tariffs on exports in order to further boost the economy and increase exports. Canada has a long and strong trading relationship with the United States - Canada’s southern neighbor is without a doubt its most important export and import partner. Overall, Canada maintains an export advantage over the United States; maintaining greater export flows than import flows. The U.S. dollar is also worth more than the Canadian dollar, favoring further exports from Canada. China and Mexico also import Canadian goods, but significantly less than the United States.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Canada (XTNTVA01CAM664S) from Jan 1955 to Jul 2025 about Canada, trade, Net, and goods.

Canada Trade Balance: NAPCS: BOP: sa: Japan data was reported at 175.200 CAD mn in Sep 2018. This records an increase from the previous number of -43.600 CAD mn for Aug 2018. Canada Trade Balance: NAPCS: BOP: sa: Japan data is updated monthly, averaging -4.900 CAD mn from Jan 1988 (Median) to Sep 2018, with 369 observations. The data reached an all-time high of 607.000 CAD mn in Jul 1996 and a record low of -338.400 CAD mn in Sep 2002. Canada Trade Balance: NAPCS: BOP: sa: Japan data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.JA002: Trade Balance: NAPCS 2007: Seasonally Adjusted (Discontinued). Changed from NAPCS 2007 to NAPCS 2017. Replacement series ID: 411686687

In 2024, Canada's trade deficit with China amounted to around **** billion Canadian dollars, a slight decrease from around **** billion Canadian dollars in the previous year. In 2024, Canada imported around **** billion Canadian dollar-worth of goods from China and exported only **** billion Canadian dollar-worth of merchandise.

The statistic shows the trade balance of services (exports minus imports of services) in Canada from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the trade deficit of services in Canada amounted to about **** billion U.S. dollars.

Canada Trade Balance: Services: Middle East data was reported at 140.000 CAD mn in 2022. This records a decrease from the previous number of 178.000 CAD mn for 2021. Canada Trade Balance: Services: Middle East data is updated yearly, averaging 180.000 CAD mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 479.000 CAD mn in 2014 and a record low of -384.000 CAD mn in 2018. Canada Trade Balance: Services: Middle East data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.JA006: Trade Balance: Services: by Region.

Historical dataset showing Canada trade balance by year from 1961 to 2023.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Canada (XTNTVA01CAQ667S) from Q1 1957 to Q2 2025 about Canada, trade, Net, and goods.

Canada Trade Balance: Services: Central and East Asia data was reported at 2,628.000 CAD mn in 2022. This records an increase from the previous number of 460.000 CAD mn for 2021. Canada Trade Balance: Services: Central and East Asia data is updated yearly, averaging 376.000 CAD mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 2,645.000 CAD mn in 2020 and a record low of -2,617.000 CAD mn in 2010. Canada Trade Balance: Services: Central and East Asia data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.JA006: Trade Balance: Services: by Region.

This graph shows the trade balance for services in Canada in 2021, distinguished by selected countries. In 2021, the Canadian deficit in international transactions in services with the United States amounted to almost five billion Canadian dollars.

Canada Trade Balance measures a change between exports and imports, in US dollars. If exports exceed imports, a trade surplus is formed. It is seen as positive, because Canada has a

European Union - Extra-EU trade: Trade balance in partnership with Canada was EUR17724.50 Million in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade: Trade balance in partnership with Canada - last updated from the EUROSTAT on August of 2025. Historically, European Union - Extra-EU trade: Trade balance in partnership with Canada reached a record high of EUR17724.50 Million in December of 2022 and a record low of EUR6990.30 Million in December of 2010.

The United States recorded a trade deficit of 78.31 USD Billion in July of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

View quarterly updates and historical trends for US Trade Balance on Goods with Canada. from United States. Source: Bureau of Economic Analysis. Track eco…

Canada's total Exports in 2024 were valued at US$549.62 Billion, according to the United Nations COMTRADE database on international trade. Canada's main export partners were: the United States, China and the United Kingdom. The top three export commodities were: Mineral fuels, oils, distillation products; Vehicles other than railway, tramway and Machinery, nuclear reactors, boilers. Total Imports were valued at US$540.56 Billion. In 2024, Canada had a trade surplus of US$9.06 Billion.