Canada posted a trade surplus of CAD 1.5 billion in April of 2022, narrowing from a downwardly revised 2.3 billion surplus in the prior month and well below market expectations of a CAD 2.9 billion surplus. Imports rose by 1.9 percent to a record high of CAD 62.8 billion, carried by consumer goods (5.5 percent), mainly due to clothing, footwear, and accessories (24.2 percent) recovering from supply disruptions in March. Purchases also rose for metal and non-metallic mineral products (10.5 percent) amid higher silver imports from South Korea, and energy products (5 percent), as increased natural gas (57 percent) and refined petroleum products (52.6 percent) offset lower purchases of crude oil (-20.9 percent). Meanwhile, exports rose at a slower 0.6 percent to a record high CAD 64.3 billion, lifted by sales of consumer goods (5 percent) and motor vehicles and parts (3.9 percent), carried by passenger cars and light trucks (5.3 percent), while energy exports fell by 0.9 percent. source: Statistics Canada
Balance of Trade in Canada averaged 1156.51 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 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 July of 2022.
Balance of Trade in Canada is expected to be 4063.00 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 6500.00 CAD Million in 2023 and 6200.00 CAD Million in 2024, according to our econometric models.