Canada International Trade

Data Trade

Source: Statistics Canada
Source Link: https://www.statcan.gc.ca/
Frequency: Monthly
Next Release(s): May 5th, 2026 8:30 AM

Latest Updates

Canada International Trade: February 2026 2026-04-02 08:30
Canada International Trade: January 2026 2026-03-12 08:30
Canada’s merchandise trade deficit narrowed to $1.3B in December (from $2.6B in November) as exports rose +2.6% MoM and imports increased +0.6% MoM, reflecting stronger export growth than imports.
- Merchandise exports increased +2.6% MoM after -2.2% in November, led by metal and non-metallic mineral products (+18.0%) and record aircraft and transportation equipment exports (+20.5%), showing gains concentrated in specific sectors.
- Excluding metal and non-metallic mineral products, exports edged down -0.2% MoM, indicating the headline increase was driven largely by gold-related shipments.
- Imports rose +0.6% MoM with motor vehicles and parts up +5.1% and gold-related products up +53.5%, while consumer goods (-4.5%), chemicals (-4.7%), and food products (-7.3%) declined, pointing to mixed category movements.
- The trade surplus with the United States narrowed to $5.7B (Nov: $6.5B) as exports to the U.S. rose +1.1% but imports rose faster at +3.5%.
- Exports to non-U.S. countries rose +5.8% to a record high while imports from those countries fell -3.0%, reducing the non-U.S. deficit to $7.0B (Nov: $9.0B).
- In Q4 2025, total exports increased +3.9% QoQ and imports rose +1.2% QoQ, with real exports +2.1% and real imports +0.3%, indicating exports outpaced imports over the quarter.
- For full-year 2025, exports edged down -0.2% YoY while imports rose +2.8% YoY, widening the annual deficit to $31.3B, the largest since 2020.
Source
Canada’s merchandise trade balance widened to a -$2.2B deficit in November (from -$0.4B in October), as exports fell -2.8% MoM and imports edged down -0.1% MoM amid commodity-driven swings.
- Total merchandise exports declined -2.8% MoM, even as 8 of 11 product sections increased, while real exports fell -0.9% MoM, indicating the headline drop was driven by a few large categories rather than broad weakness.
- Exports of metal and non-metallic mineral products dropped -$3.2B (-24.4% MoM) after strong gains in September and October, led by sharp declines in unwrought gold shipments to the UK, US, and Hong Kong, reversing much of the recent surge.
- Despite the November pullback, exports of unwrought gold, silver, and PGMs were still +39.5% YTD YoY, reflecting higher gold prices over 2025 despite month-to-month volatility.
- Motor vehicle and parts exports fell -11.6% MoM to their lowest level in three years, with passenger cars and light trucks down -9.0% on lower production and medium and heavy vehicles down -53.8% following new US import tariffs.
- Energy product exports rose +8.5% MoM, driven by crude oil and bitumen (+7.6%) on higher volumes after October refinery shutdowns in the US had curtailed shipments.
- Total imports slipped -0.1% MoM, though real imports rose +0.9% MoM, as lower prices masked higher volumes across several categories.
- Imports of motor vehicles and parts declined -4.5% MoM, while energy product imports fell -10.6% MoM on a -30.2% drop in crude oil, partly offset by refined petroleum products (+35.3%).
- Trade with the US remained in surplus at $6.6B (up from $5.2B), while the deficit with non-US countries widened to $8.8B as imports from non-US markets hit a record high and gold-related exports abroad fell.
Source
Canada’s merchandise trade balance swung from a +$243M surplus in September to a -$583M deficit in October, as imports rose +3.4% MoM and exports increased +2.1% MoM amid gold-driven volatility.
- Total imports rebounded +3.4% MoM after -4.3% in September, with gains in 8 of 11 product sections; in real terms, imports rose +2.6% MoM, indicating volume growth alongside higher nominal values.
- Electronics and electrical equipment imports increased +10.2% MoM, led by computers and peripherals (+32.2%) to a record high, attributed mainly to higher processing-unit imports from Ireland; communication and audio/video equipment rose +5.1% on stronger smartphone imports from China and the US.
- Metal and non-metallic mineral product imports rose +9.5% MoM after -27.9% in September, driven by unwrought gold, silver, and PGMs (+55.3%), with higher platinum and silver bullion imports from the US highlighted as key contributors.
- Industrial machinery, equipment and parts imports increased +5.7% MoM, supported by logging, construction, mining and oil and gas machinery (+14.7%), parts of industrial machinery (+7.1%), and other general-purpose machinery (+5.6%).
- Total exports rose +2.1% MoM after +6.7% in September, but declined in 6 of 11 product sections; excluding unwrought gold, silver, and PGMs, total exports fell -2.5% MoM, and in real terms total exports declined -0.4% MoM, suggesting prices did more of the lifting.
- Metal and non-metallic mineral product exports surged +27.3% MoM (after +25.0% in September) to another record high, led by unwrought gold, silver, and PGMs (+47.4%) on higher gold exports to the UK; the category has more than doubled YoY, with volumes up nearly +40% YoY alongside higher prices.
- Energy product exports fell -8.4% MoM, driven by crude oil and bitumen (-13.5%) on lower volumes and prices, with the volume decline linked to US refinery shutdowns in October and prices described as lower amid global oversupply.
- The trade surplus with the US narrowed from $8.4B in September to $4.8B in October as imports from the US rose +5.3% and exports to the US fell -3.4%; exports to non-US markets jumped +15.6% to a record high (notably to the UK for gold and to China for crude oil), narrowing the non-US deficit from $8.1B to $5.4B, the smallest since January 2021.
Source
Canada’s merchandise trade balance swung from a -$6.4 billion deficit in August to a small +$153 million surplus in September, as exports jumped 6.3% MoM while imports fell -4.1%, marking one of the strongest opposing monthly shifts in recent years.
- Exports rebounded 6.3% MoM after a -3.2% drop in August, the largest rise since February 2024; gains spanned 9 of 11 product sections and were led by metal and non-metallic mineral products (+22.7% MoM), driven by unwrought gold shipments (+30.2% MoM).
- Excluding precious metals, exports still rose +4.5% MoM, pointing to broad-based strength; real export volumes increased +4.1% MoM.
- Energy product exports rose 5.8% MoM, with crude oil up 5.8% MoM for a fifth consecutive monthly gain, helped by higher volumes and rising production.
- Aircraft and transportation equipment exports surged 23.4% MoM, including a 72.3% increase in aircraft, reflecting stronger quarter-end deliveries, especially private jets to the US.
- Imports declined -4.1% MoM, with metal and non-metallic mineral products down -27.8% MoM as unwrought gold imports plunged -72.5%, reversing August’s spike; excluding precious metals, imports fell -1.5% MoM, and real import volumes fell -3.3%.
- Consumer goods imports fell -6.0% MoM, led by pharmaceuticals (-13.8%) after two months of gains, driven by lower shipments from Europe.
- Trade with the US improved as exports to the US rose +4.6% MoM and imports fell -1.7% MoM, widening Canada’s surplus with the US to $8.6 billion, the largest since February 2025.
- Exports to non-US markets surged +11.0% MoM (notably to Switzerland, Germany, and Singapore), while imports from non-US partners fell -7.3% MoM, narrowing the non-US deficit from a record -$12.4 billion to -$8.5 billion.
- In Q3, exports rose +2.4% following a sharp drop in Q2, while imports fell -2.0%; in real terms, exports increased +0.8% and imports declined -2.6%, helping narrow the quarterly deficit to -$10.1 billion.
- Including services, total exports rose +5.0% and imports fell -3.0%, producing a +$327 million overall trade surplus in September, compared with a -$6.3 billion deficit in August.
Source
Canada’s merchandise trade deficit widened to -$6.3 billion in August 2025 (from -$3.8 billion in July) as exports fell -3.0% MoM to $60.6 billion while imports rose +0.9% MoM, reflecting sharp movements in unwrought gold and weaker shipments of industrial and forestry products.
- Exports declined for the first time since April, with 8 of 11 product sections down; in volume terms, exports fell -2.8%. Year-to-date exports remained +0.3% YoY, despite tariff volatility and large swings in metal shipments.
- Metal and non-metallic mineral products plunged -7.6% MoM, led by unwrought gold, silver, and platinum group metals (-11.8%), marking a third straight decline but still +30% YTD YoY after record highs earlier in 2025.
- Industrial machinery, equipment, and parts exports dropped -9.5% MoM after four months of gains, driven by steep declines in commercial and service machinery (-26.1%) and other manufacturing machinery (-16.0%).
- Forestry products and building materials fell -10.1% MoM, with lumber (-25.4%) at its lowest since May 2020 following new U.S. anti-dumping and countervailing duties.
- Imports rose +0.9% MoM (-0.3% real) on a surge in metal and non-metallic mineral products (+24.2%), driven by a more than fourfold jump in unwrought gold imports from South Africa and Switzerland. Excluding this category, imports fell -1.0%.
- Consumer goods imports increased +2.3% MoM, led by pharmaceuticals (+24.6%) from Switzerland and Belgium. Energy product imports fell -12.8%, mainly due to a -26.1% drop in U.S. crude oil shipments.
- Exports to the U.S. fell -3.4% MoM while imports -1.4% MoM, narrowing Canada’s U.S. surplus to $6.4 billion; exports to non-U.S. markets fell -2.0% while imports +4.2% to a record, widening the non-U.S. deficit to C$12.8 billion.
- Including services, total exports fell -2.3% and imports +0.7%, bringing Canada’s overall trade deficit to -$6.0 billion in August.
Source
Canada’s merchandise trade deficit narrowed to -$4.9 billion in July 2025 (from -$6.0 billion in June), as exports rose +0.9% MoM while imports fell -0.7% MoM.
- Energy exports increased +4.2% MoM, led by crude oil (+2.3%), nuclear fuel (+49.7%), and coal (+28.6%), marking the first gain after five months of declines.
- Motor vehicles and parts exports rose +6.6% MoM, driven by a +10.8% jump in passenger cars and light trucks amid less severe seasonal plant shutdowns.
- Metal and mineral exports fell -8.0% MoM, with unwrought gold (-12.2%) and aluminum (-31.0%) posting sharp declines; aluminum exports hit their lowest since May 2019 under U.S. tariffs.
- Imports dropped -0.7% MoM due to industrial machinery (-18.8%), reflecting the absence of a one-time high-value oil project shipment seen in June; excluding this, imports rose +2.2%.
- Trade with the U.S. showed exports up +5.0% MoM and imports down -2.2%, widening Canada’s surplus with the U.S. to $6.7 billion, the largest since March 2025.
Source
Canada’s merchandise trade deficit widened to -$5.9 billion in June 2025 (from -$5.5 billion in May), as imports rose +1.4% MoM and exports increased +0.9% MoM.
- Imports were driven by a one-time +27.7% MoM jump in industrial machinery; excluding this, imports fell -1.9%.
- Motor vehicle and parts imports rose +2.9% MoM, while consumer goods fell -4.8% and metal products declined -7.8%.
- Exports were led by energy products (+3.8% MoM) and farm/fishing products (+6.7%), while metal exports fell -3.4% and autos dropped -4.2%.
- Exports to the U.S. rose +3.1% MoM but remain -12.5% YoY; trade surplus with the U.S. widened to $3.9 billion.
- Q2 2025 exports fell -12.8% QoQ (after a record Q1), while imports declined -3.9% QoQ; the quarterly trade deficit widened to a record -$19.0 billion.
Source
Canada’s international merchandise trade deficit narrowed to -$5.9 billion in May 2025 (from -$7.6 billion in April), as exports rose +1.1% MoM and imports fell -1.6% MoM.
- Export growth was driven by a +30.1% MoM surge in unwrought gold shipments to the UK; excluding metals, exports fell -1.2%.
- Energy exports declined -5.6% MoM, with crude oil down -4.0% on lower prices and volumes.
- Imports fell for a third straight month, led by a -16.8% MoM drop in metal products and a -5.3% decline in motor vehicles and parts.
- Exports to the U.S. fell -0.9% MoM, the fourth monthly decline; non-U.S. exports rose +5.7% to a record high.
- The combined goods and services trade deficit narrowed to -$6.6B in May (from -$8.0B), as services exports dipped -0.2% and imports rose +1.8%.
Source
Canada’s international trade in services deficit narrowed to $0.3 billion in April from $0.5 billion in March, as service imports fell -1.1% MoM and exports declined -0.5% MoM.
- Travel service imports fell -4.1% MoM to $4.6 billion, driven by lower Canadian spending in the US.
- Commercial service imports slipped -0.4% MoM, while transportation service imports rose +1.3% MoM.
- Travel service exports dropped -3.7% MoM to $5.2 billion due to weaker spending by US and overseas visitors.
- Commercial service exports rose +0.7% MoM to $10.7 billion, led by financial services tied to market activity.
- In goods trade, exports fell -10.8% MoM and imports -3.5% MoM, widening the merchandise trade deficit to $7.1 billion from $2.3 billion.
Source
Canada’s merchandise trade deficit narrowed to $506 million in March from $1.4 billion in February as exports fell -0.2% MoM and imports dropped -1.5% MoM.
- Exports to the US declined -6.6% MoM amid new tariffs, while exports to non-US countries surged 24.8% MoM.
- Consumer goods exports fell -4.2% MoM, led by a -10.8% drop in meat products and -7.0% in pharmaceuticals.
- Energy exports declined -2.2% MoM, with nuclear fuel down -54.5% and natural gas down -13.7%.
- Motor vehicle and parts exports rebounded 7.7% MoM after a sharp February drop, with passenger cars/light trucks up 11.8%.
- Imports fell for the first time since September 2024, led by declines in energy (-18.8% MoM) and metals/minerals (-15.8% MoM); imports from the US fell -2.9% MoM.
Source