Canada's trade surplus rose to CAD 1.1 billion in September of 2022, from a downwardly revised surplus of CAD 0.6 billion in the previous month but below market expectations of CAD 1.3 billion. Exports rose by 1.3% to CAD 66.4 billion, largely due to higher shipments of wheat (65.2%) and crude oil (4%). Meanwhile, imports increased by 0.4% to CAD 65.2 billion, mainly on higher purchases of pharmaceutical products (22.7%). source: Statistics Canada
Balance of Trade in Canada averaged 1165.48 CAD Million from 1971 until 2022, reaching an all time high of 8524.80 CAD Million in January of 2001 and a record low of -5755.00 CAD Million in December of 2018. 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 news. Canada Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Balance of Trade in Canada is expected to be 3138.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Balance of Trade is projected to trend around 2127.00 CAD Million in 2023 and 1015.00 CAD Million in 2024, according to our econometric models.