Canada recorded a trade deficit of 5900 CAD Million in May 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.

The United States recorded a trade deficit of 71.52 USD Billion in May 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.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Canada (CANXTNTVA01CXMLM) from Jan 1957 to Apr 2025 about Canada and trade.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

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)

United States US: Trade Balance: Advanced Economies: Canada data was reported at -1.461 USD bn in May 2018. This records a decrease from the previous number of -784.618 USD mn for Apr 2018. United States US: Trade Balance: Advanced Economies: Canada data is updated monthly, averaging -1.094 USD bn from Feb 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 871.724 USD mn in Apr 2016 and a record low of -9.276 USD bn in Jan 2006. United States US: Trade Balance: Advanced Economies: Canada data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Monthly.

United States Trade Balance: Canada data was reported at -1.943 USD bn in Oct 2018. This records a decrease from the previous number of -1.810 USD bn for Sep 2018. United States Trade Balance: Canada data is updated monthly, averaging -2.011 USD bn from Jan 1985 (Median) to Oct 2018, with 406 observations. The data reached an all-time high of 1.130 USD bn in Apr 2016 and a record low of -9.883 USD bn in Jul 2008. United States Trade Balance: Canada data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.JA010: Trade Statistics: Census Basis: by Country: Trade Balance.

Historical chart and dataset showing U.S. trade balance by year from 1970 to 2023.

International merchandise trade data for customs-basis imports by country of origin and country of export. Users have the option of selecting principal trading partners as well as North American Product Classification System (NAPCS) sections and groups.

Graph and download economic data for U.S. Imports of Goods by Customs Basis from Canada (IMPCA) from Jan 1985 to May 2025 about Canada, imports, goods, and USA.

Imports in Canada decreased to 66660 CAD Million in May from 67720 CAD Million in April of 2025. This dataset provides the latest reported value for - Canada Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Trade Balance: Canada: sa data was reported at -2.185 USD bn in May 2018. This records a decrease from the previous number of -1.762 USD bn for Apr 2018. United States Trade Balance: Canada: sa data is updated monthly, averaging -2.201 USD bn from Jan 2009 (Median) to May 2018, with 113 observations. The data reached an all-time high of 85.000 USD mn in Apr 2016 and a record low of -3.811 USD bn in May 2014. United States Trade Balance: Canada: sa data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA010: Trade Statistics: Census Basis: By Country: Trade Balance.

United States Exports to Canada was US$348.41 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports to Canada - data, historical chart and statistics - was last updated on June of 2025.

Graph and download economic data for U.S. Imports of Goods by F.A.S. Basis to USMCA with Canada (Consumption) (IMP0022) from Jan 2020 to May 2025 about USMCA, Canada, imports, consumption, goods, and USA.

Canada Exports to United States was US$434.88 Billion during 2024, according to the United Nations COMTRADE database on international trade. Canada Exports to United States - data, historical chart and statistics - was last updated on July of 2025.

United States Imports from Canada was US$421.21 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Canada - data, historical chart and statistics - was last updated on June of 2025.

Canada CA: Trade Balance: Advanced Economies: United States data was reported at 7.121 USD bn in May 2018. This records an increase from the previous number of 6.448 USD bn for Apr 2018. Canada CA: Trade Balance: Advanced Economies: United States data is updated monthly, averaging 814.400 USD mn from Jan 1960 (Median) to May 2018, with 701 observations. The data reached an all-time high of 14.140 USD bn in Jul 2008 and a record low of -944.500 USD mn in Apr 1980. Canada CA: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.DOT: Trade Balance: by Country: Monthly.

Key information about Canada Total Imports from USA

• Canada Total Imports from USA recorded 30.440 USD bn in Jan 2025, compared with 29.374 USD bn in the previous month
• Canada Total Imports from USA data is updated monthly, available from Jan 1997 to Jan 2025, with an averaged value of 22.348 USD bn
• The data reached an all-time high of 32.086 USD bn in Jun 2022 and a record low of 12.195 USD bn in Mar 1997

CEIC converts monthly Total Imports from USA into USD. Statistics Canada provides Total Imports from USA, FOB, in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Canada Trade Balance: NAPCS: BOP: sa: United States data was reported at 4,792.400 CAD mn in Sep 2018. This records a decrease from the previous number of 5,030.300 CAD mn for Aug 2018. Canada Trade Balance: NAPCS: BOP: sa: United States data is updated monthly, averaging 3,361.400 CAD mn from Jan 1988 (Median) to Sep 2018, with 369 observations. The data reached an all-time high of 11,638.800 CAD mn in Oct 2005 and a record low of 551.700 CAD mn in Jan 1992. Canada Trade Balance: NAPCS: BOP: sa: United States 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: 411686567

United States Trade Balance: CAFTA-DR data was reported at 335.700 USD mn in May 2018. This records a decrease from the previous number of 655.300 USD mn for Apr 2018. United States Trade Balance: CAFTA-DR data is updated monthly, averaging 205.300 USD mn from Jan 2009 (Median) to May 2018, with 113 observations. The data reached an all-time high of 907.300 USD mn in Nov 2017 and a record low of -340.000 USD mn in May 2012. United States Trade Balance: CAFTA-DR data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA009: Trade Statistics: Census Basis: By Region. Dominican Republic-Central America Foreign Trade Agreement includes Canada, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Mexico and Nicaragua.