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. Canada trade balance for 2023 was $-8.36B, a 394.64% decline from 2022.

Canada recorded a trade deficit of 320 CAD Million in November of 2024. This page 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 …

Jan 21, 2025 · To view the infographic, visit the following link. Highlights Canada is the largest export market for the U.S. and makes up one of the smallest trade deficits, owing largely to U.S. demand for energy-related products. Trade in the auto sector is balanced between the 2 nations.

Mar 21, 2023 · The United States was again Canada’s largest trading partner in 2022, with over $960.9 billion in total trade (on a customs basis), accounting for close to two-thirds (63.4%) of the more than $1.5 trillion in worldwide trade.

Jan 7, 2025 · This CANSIM table presents 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).

Canada Trade Balance data is updated monthly, available from Jan 1988 to Nov 2024, 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.

For information on data sources and methodology, check out the Information on the Collection and Publication of Trade Statistics. For more detailed data please visit USA Trade Online

Trade is an integral part of the Canadian economy. It represents two-thirds of Canada’s GDP and exports alone support nearly 3.3 million – or 1 in 6 – Canadian jobs. Despite a challenging global environment, 2023 showcased the resilience of Canadian trade.

Bringing together data, tools and reports to provide you with the latest information on Canada's international trade and investment activity. In the context of discussions on Canada's trade balance, different statistics can be referenced.

Canada: Trade balance, billion USD: The latest value from 2023 is -9.81 billion U.S. dollars, a decline from 3.08 billion U.S. dollars in 2022. In comparison, the world average is 4.81 billion U.S. dollars, based on data from 148 countries. Historically, the average for Canada from 1960 to 2023 is 2.08 billion U.S. dollars.