Canada trade balance for 2023 was -9.72 billion US dollars, a 442.91% decline from 2022.

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<li>Canada trade balance for 2022 was <strong>2.84 billion US dollars</strong>, a <strong>1553.86% increase</strong> from 2021.</li>
<li>Canada trade balance for 2021 was <strong>171.47 million US dollars</strong>, a <strong>100.47% decline</strong> from 2020.</li>
<li>Canada trade balance for 2020 was <strong>-36.58 billion US dollars</strong>, a <strong>43.1% increase</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Terms of Trade in Canada increased to 101 points in May from 99.60 points in April of 2025. This dataset provides - Canada Terms Of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

International merchandise trade data grouped by North American Industry Classification System (NAICS) of the 2022 structure V.1. Users have the option of selecting imports and exports by NAICS code, the country of origin and the country of destination. Data are monthly and on a customs basis.

The Canadian International Merchandise Trade (CIMT) Web Application offers the most detailed commodity trade data using the Harmonized System (HS) classification of goods (the 8-digit commodity level for exports and the 10-digit for imports). The CIMT Web Application also offers data at the international 6-digit commodity level. With the CIMT Web Application the user can visualize the latest information on customs based monthly trade through tables and charts as well as a time series report. For a selected period of time, one can also customize its selection and visualize trade, export or import, data for a specific trading partner, a specific province and a specific variable such as value, volume and a percentage change on a monthly or annual basis. The application has also the ability to retrieve the top 25 commodities traded between a selected by the user geography, Canada or a province, and trading partner, the World or a specific country, for the month of interest. When desired, the user can copy the data seen on the screen into their preferred data manipulation software. In general, merchandise trade data are revised on an ongoing basis for each month of the current year. The previous year's customs data are revised with the release of the January and February reference months as well as on a quarterly basis. The previous two years of customs based data are revised annually and are released in February with the December reference month.

The statistic shows the trade balance of goods (exports minus imports of goods) in Canada from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, 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.

This graph shows the growth in the U.S. export volume of trade goods to Canada from 1985 to 2024. In 2024, the U.S. exports to Canada amounted to approximately 349.36 billion U.S. dollars.

Trade (% of GDP) in Canada was reported at 67.19 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2024, Canada's trade deficit with China amounted to around 57.9 billion Canadian dollars, a slight decrease from around 58.7 billion Canadian dollars in the previous year. In 2024, Canada imported around 87.6 billion Canadian dollar-worth of goods from China and exported only 29.8 billion Canadian dollar-worth of merchandise.

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.

Merchandise trade (% of GDP) in Canada was reported at 53.18 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Merchandise trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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 CA: BOP: Current Account: Trade in Services: % of GDP data was reported at 14.326 % in 2023. This records an increase from the previous number of 13.252 % for 2022. Canada CA: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 8.213 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 14.326 % in 2023 and a record low of 5.694 % in 1963. Canada CA: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

The timeline shows the total value of U.S. trade in goods (export and import) with Canada from 2004 to 2024. In 2024, the total value of U.S. trade in goods with Canada amounted to *** billion U.S. dollars; composed of ***** billion U.S. dollars in exports and ***** billion U.S. dollars in imports.

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.

This timeline shows the total value of U.S. trade in goods (export and import) with Canada from January 2018 to August 2023. In August 2023, the total value of U.S. trade in goods with Canada amounted to approximately 67.24 billion U.S. dollars, which is composed of a 31 billion U.S. dollars in exports and a 36.24 billion U.S. dollars in imports.

Canadian International merchandise trade data grouped by North American Industry Classification System (NAICS) codes of the 2017 NAICS structure version 2. The detailed NAICS codes (all levels) are from Manufacturing industries (31-33), Agriculture, Forestry, Fishing and Hunting industries (11), Mining, Quarrying, and Oil and Gas Extraction industries (21), Utilities (22) and Wholesale Trade industries (41). Users have the option of selecting imports and exports, the country of origin and the country of destination. Data are monthly and on a customs basis.

Annual data on Canadian international merchandise trade by province, trading partners and products on a customs basis. Trade data for 255 trading partners are included with an all country aggregate. Product data are presented using the North American Product Classification System at the section level.

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

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Canada (XTNTVA01CAQ664S) from Q1 1955 to Q1 2025 about Canada, trade, Net, and goods.

The interprovincial and international trade flows shows the origin and destination of trade flows by product among Canadian provinces and territories and from and to the rest of the world. The information is available at the Summary level of hierarchy of the Supply and Use Product Classification (SUPC).