Exports from Canada rose 11.1 percent from a month earlier to CAD 45.4 billion in July 2020 from an upwardly revised CAD 40.9 billion in the previous month. Sales of motor vehicles and parts jumped 37 percent to CAD 8.2 billion, as the auto industry adjusted to the impact of the coronavirus pandemic by ramping up production and going through a shorter-than-usual shutdown period in July. Main increases were recorded in exports of passenger cars & light trucks (+42.4%) and motor vehicle engines & parts (+30.7%). Also, sales of energy products rose for the third straight month (18.9%), of which crude oil (+25%). Exports to the US rose 15.1% to CAD 33.5 billion, driven by motor vehicles & parts and crude oil while sales to countries other than the US were up 1.1% to CAD 11.9 billion, led by higher exports to Saudi Arabia (refined gold), Japan (copper ores) and Italy (pharmaceutical products).
Exports in Canada averaged 22798.36 CAD Million from 1971 until 2020, reaching an all time high of 52510.40 CAD Million in May of 2019 and a record low of 1366 CAD Million in February of 1971. This page provides the latest reported value for - Canada Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Exports - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Canada
Exports in Canada is expected to be 42000.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Canada to stand at 49000.00 in 12 months time. In the long-term, the Canada Exports is projected to trend around 50800.00 CAD Million in 2021 and 51200.00 CAD Million in 2022, according to our econometric models.