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.

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.

Canada Exports to China was US$21.79 Billion during 2024, according to the United Nations COMTRADE database on international trade. Canada Exports to China - data, historical chart and statistics - was last updated on August of 2025.

In 2023, China had exported approximately 89.2 billion Canadian dollars worth of merchandise goods to Canada, a decrease from around 100.2 billion Canadian dollars in the previous year. In 2023, Canada recorded an over 58 billion Canadian dollars of trade deficit with China.

China Exports to Canada was US$46.45 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Exports to Canada - data, historical chart and statistics - was last updated on July of 2025.

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.

China Trade Balance: Advanced Economies: Canada data was reported at 1.038 USD bn in Mar 2018. This records a decrease from the previous number of 3.306 USD bn for Dec 2017. China Trade Balance: Advanced Economies: Canada data is updated quarterly, averaging -35.034 USD mn from Mar 1981 (Median) to Mar 2018, with 149 observations. The data reached an all-time high of 4.150 USD bn in Sep 2017 and a record low of -539.948 USD mn in Dec 1995. China 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 China – Table CN.IMF.DOT: Trade Balance: by Country: Quarterly.

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.

China Trade Balance: Advanced Economies: Canada data was reported at 11.418 USD bn in 2017. This records an increase from the previous number of 9.607 USD bn for 2016. China Trade Balance: Advanced Economies: Canada data is updated yearly, averaging -173.104 USD mn from Dec 1961 (Median) to 2017, with 41 observations. The data reached an all-time high of 11.418 USD bn in 2017 and a record low of -1.465 USD bn in 1988. China 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 China – Table CN.IMF.DOT: Trade Balance: by Country: Annual.

China Trade Balance: Advanced Economies: Canada data was reported at 78.388 USD mn in May 2018. This records a decrease from the previous number of 460.244 USD mn for Apr 2018. China Trade Balance: Advanced Economies: Canada data is updated monthly, averaging -10.929 USD mn from Jan 1981 (Median) to May 2018, with 449 observations. The data reached an all-time high of 1.442 USD bn in Jul 2017 and a record low of -634.446 USD mn in Feb 2012. China 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 China – Table CN.IMF.DOT: Trade Balance: by Country: Monthly.

Canada CA: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data was reported at 1.383 USD bn in 2017. This records a decrease from the previous number of 1.515 USD bn for 2016. Canada CA: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data is updated yearly, averaging -11.250 USD mn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 4.481 USD bn in 2013 and a record low of -645.400 USD mn in 1984. Canada CA: Trade Balance: Advanced Economies: China, People Republic: Hong Kong 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: Annual.

Macau MO: Trade Balance: Advanced Economies: Canada data was reported at -3.284 USD mn in May 2018. This records a decrease from the previous number of -3.112 USD mn for Apr 2018. Macau MO: Trade Balance: Advanced Economies: Canada data is updated monthly, averaging 0.516 USD mn from Jan 1963 (Median) to May 2018, with 546 observations. The data reached an all-time high of 5.917 USD mn in Jul 2004 and a record low of -15.015 USD mn in Dec 1995. Macau MO: 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 Macau – Table MO.IMF.DOT: Trade Balance: by Country: Monthly.

In 2023, China had imported about 30.5 billion Canadian dollars worth of merchandise goods from Canada, increasing from around 28.7 billion Canadian dollars in 2022. In 2023, Canada recorded an over 58 billion Canadian dollars of trade deficit with China.

In 2023, Canada imported merchandise with a total value of about ** billion Canadian dollars from China. That year, Canada had a trade deficit of **** billion Canadian dollars with China.

The United States recorded a trade deficit of 60.18 USD Billion in June 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.

Canada CA: Trade Balance: Services: China data was reported at 4,019.000 CAD mn in 2023. This records an increase from the previous number of 2,659.000 CAD mn for 2022. Canada CA: Trade Balance: Services: China data is updated yearly, averaging 398.000 CAD mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 4,943.000 CAD mn in 2019 and a record low of 89.000 CAD mn in 1996. Canada CA: Trade Balance: Services: China data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.TISP: Trade in Services: Trade Balance: by Country: OECD Member: Annual.

The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

In 2022, Canada was the country with the highest trade surplus on forest products worldwide, at over ** billion Canadian dollars. China, on the other hand, was the country with the largest trade deficit on forest products, at more than ** billion Canadian dollars in 2022.

In 2024, Mexico was the top trading partner of the United States based on import value. In that year, U.S. imports from Mexico totaled to 505.85 billion U.S. dollars. China and Canada rounded out the top three as these countries continue to enjoy a close trading relationship under the United States-Mexico-Canada trade agreement. Germany and Japan were also high on the list, both providing the U.S. with over 140 billion dollars worth of imports in 2024.

Canada Trade Balance: NAPCS: BOP: sa: China data was reported at -1,221.100 CAD mn in Sep 2018. This records an increase from the previous number of -1,404.600 CAD mn for Aug 2018. Canada Trade Balance: NAPCS: BOP: sa: China data is updated monthly, averaging -844.400 CAD mn from Jan 1997 (Median) to Sep 2018, with 261 observations. The data reached an all-time high of 124.200 CAD mn in Mar 1997 and a record low of -2,404.000 CAD mn in Mar 2015. Canada Trade Balance: NAPCS: BOP: sa: China 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: 411686667