Canada Trade Balance

1988 - 2026 | Monthly | USD mn | CEIC Data

Key information about Canada's Trade Balance

  • Canada's Trade Balance recorded a surplus of 1.3 USD bn in Mar 2026, compared with a deficit of 3.7 USD bn in the previous month
  • Canada's Trade Balance data is updated monthly, available from Jan 1988 to Mar 2026, with an averaged value of 3.5 USD bn
  • The data reached an all-time high of 6.4 USD bn in Oct 2005 and a record low of -5.4 USD bn in Apr 2025
CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports. Statistics Canada provides Total Exports and Total Imports in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Further information about Canada's Trade Balance

  • In the latest reports, Canada's Total Exports reached 53.0 USD bn in Mar 2026, an increase of 2.5% YoY (year-on-year)
  • Total Imports recorded 51.7 USD bn in Mar 2026, an increase of 2.5% YoY (year-on-year)

View Canada's Trade Balance from Jan 1988 to Mar 2026 in the chart:

Canada Trade Balance

What was Canada's Trade Balance in Mar 2026?

Canada's Trade Balance recorded a surplus of 1.3 USD bn in Mar 2026, compared with a deficit of 3.7 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
1,296.9 Mar 2026 -3,746.0 Feb 2026 -5,367.0 Apr 2025 6,393.4 Oct 2005 USD mn monthly Jan 1988 - Mar 2026

Trade Balance by Country Comparison

country/region Last
Albania (USD mn) -538.6 Apr 2026
Algeria (USD mn) -274.8 Mar 2020
Argentina (USD mn) 2,440.1 Mar 2026
Armenia (USD mn) -391.4 Feb 2026
Australia (USD mn) -1,291.8 Mar 2026
Austria (USD mn) 404.4 Feb 2026
Azerbaijan (USD mn) 2,681.3 Apr 2026
Bahrain (USD mn) 3,083.0 2025
Bangladesh (USD mn) -1,618.1 Feb 2026
Belarus (USD mn) -246.8 Feb 2026
Belgium (USD mn) 7,470.1 Mar 2026
Bolivia (USD mn) 472.1 Mar 2026
Bosnia and Herzegovina (USD mn) -753.6 Feb 2026
Botswana (USD mn) -328.8 Feb 2026
Brazil (USD mn) 10,537.2 Apr 2026
Brunei (USD mn) 400.7 Feb 2026
Bulgaria (USD mn) -1,648.3 Mar 2026
Cambodia (USD mn) -707.1 Apr 2026
Canada (USD mn) 1,296.9 Mar 2026
Chile (USD mn) 1,911.8 Apr 2026
China (USD mn) 84,823.9 Apr 2026
Colombia (USD mn) -845.2 Mar 2026
Croatia (USD mn) -1,693.1 Feb 2026
Cyprus (USD mn) -813.4 Mar 2026
Czech Republic (USD mn) 3,424.3 Mar 2026
Denmark (USD mn) 4,930.9 Mar 2026
Ecuador (USD mn) 533.6 Mar 2026
Egypt (USD mn) -4,649.0 Mar 2026
Estonia (USD mn) -270.3 Mar 2026
European Union (USD mn) 4,395.7 Feb 2026
Finland (USD mn) 288.9 Mar 2026
France (USD mn) -7,932.7 Mar 2026
Georgia (USD mn) -765.5 Apr 2026
Germany (USD mn) 16,468.7 Mar 2026
Ghana (USD mn) 1,842.3 Feb 2026
Greece (USD mn) -2,554.8 Mar 2026
Hong Kong SAR, China (USD mn) -11,381.9 Mar 2026
Hungary (USD mn) 1,067.6 Mar 2026
Iceland (USD mn) -237.2 Mar 2026
India (USD mn) -28,380.0 Apr 2026
Indonesia (USD mn) 3,321.0 Mar 2026
Iran (USD mn) 47,592.0 2025
Ireland (USD mn) 4,803.3 Feb 2026
Israel (USD mn) -4,188.7 Apr 2026
Italy (USD mn) 6,154.4 Feb 2026
Ivory Coast (USD mn) 2,639.6 Jan 2026
Japan (USD mn) 571.5 Mar 2026
Jordan (USD mn) -973.4 Feb 2026
Kazakhstan (USD mn) 687.5 Mar 2026
Kenya (USD mn) -961.0 Feb 2026
South Korea (USD mn) 23,754.9 Apr 2026
Kosovo (USD mn) -651.2 Mar 2026
Kuwait (USD mn) 1,861.6 Jan 2026
Kyrgyzstan (USD mn) -846.1 Mar 2026
Laos (USD mn) 545.6 Mar 2026
Latvia (USD mn) -456.0 Mar 2026
Lebanon (USD mn) -1,641.0 Feb 2026
Lithuania (USD mn) -590.8 Mar 2026
Luxembourg (USD mn) -965.6 Feb 2026
Macau SAR, China (USD mn) -1,438.5 Mar 2026
North Macedonia (USD mn) -193.5 Mar 2026
Malawi (USD mn) -213.9 Feb 2026
Malaysia (USD mn) 5,589.9 Mar 2026
Malta (USD mn) -300.0 Mar 2026
Mauritius (USD mn) -343.6 Mar 2026
Mexico (USD mn) 2,499.4 Mar 2026
Moldova (USD mn) -733.0 Mar 2026
Mongolia (USD mn) 735.3 Apr 2026
Montenegro (USD mn) -402.7 Mar 2026
Morocco (USD mn) -2,760.0 Mar 2026
Mozambique (USD mn) -217.9 Dec 2025
Myanmar (USD mn) 183.9 Jul 2022
Nepal (USD mn) -1,133.4 Apr 2026
Netherlands (USD mn) 11,731.8 Feb 2026
New Zealand (USD mn) 1,122.8 Apr 2026
Nigeria (USD mn) 245.1 Dec 2025
Norway (USD mn) 8,910.1 Apr 2026
Oman (USD mn) 2,306.9 Mar 2026
Pakistan (USD mn) -2,838.1 Mar 2026
Palestinian Territory (USD mn) -551.1 Feb 2026
Panama (USD mn) -1,233.3 Mar 2026
Paraguay (USD mn) 2.7 Apr 2026
Peru (USD mn) 4,156.7 Mar 2026
Philippines (USD mn) -4,511.8 Mar 2026
Poland (USD mn) -395.7 Mar 2026
Portugal (USD mn) -3,308.8 Mar 2026
Qatar (USD mn) 2,005.4 Mar 2026
Romania (USD mn) -3,382.2 Mar 2026
Russia (USD mn) 16,292.8 Mar 2026
Saudi Arabia (USD mn) 58,263.5 2025
Serbia (USD mn) -803.3 Mar 2026
Singapore (USD mn) 10,242.7 Apr 2026
Slovakia (USD mn) 683.6 Mar 2026
Slovenia (USD mn) -1,276.6 Mar 2026
South Africa (USD mn) 1,902.6 Mar 2026
Spain (USD mn) -4,923.7 Feb 2026
Sri Lanka (USD mn) -879.7 Mar 2026
Sudan (USD mn) -374.2 Dec 2025
Sweden (USD mn) 998.2 Mar 2026
Switzerland (USD mn) 5,950.6 Mar 2026

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Canada Key Series

country/region Last
Consolidated Fiscal Balance: % of GDP (%) -1.4 Dec 2025
Consolidated Fiscal Balance (USD mn) 4,146.395 Feb 2026
Tax Revenue (USD mn) 29,539.859 Feb 2026
Tax Revenue: % of GDP (%) 12.9 Dec 2025
National Government Debt (USD mn) 1,517,724.5 2025
Government Debt: % of GDP (%) 69.2 2025
Forecast: Government Expenditure (CAD bn) 1,789.926 2031
Forecast: Government Net Debt (CAD bn) 3,127.329 2028
Forecast: Government Revenue (CAD bn) 1,726.867 2031
Federal Government Debt: % of GDP: Accumulated Deficit (%) 40.700 2025
Net Financing Activities (CAD mn) 7,880.000 Feb 2026
Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) 5,366.000 Feb 2026
Budgetary Revenue: Tax Revenues (TR) (CAD mn) 40,316.000 Feb 2026
Budgetary Revenue (CAD mn) 48,415.000 Feb 2026
Budgetary Expense (CAD mn) -42,756.000 Feb 2026
Budgetary Balance: Deficit or Surplus (CAD mn) 5,659.000 Feb 2026
FIN Forecast: Budgetary Revenue (CAD mn) 612,800.000 2030
FIN Forecast: Budgetary Expense (CAD mn) 643,700.000 2030
FIN Forecast: Budgetary Balance (CAD mn) -23,000.000 2030
FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) 84,700.000 2030
FIN Forecast: Federal Debt (CAD mn) 1,435,700.000 2030
CA: Gross Public Debt: USD: General Government (USD mn) 2,908,830.439 Dec 2025
country/region Last
Forecast: Exports of Goods Growth (%) 3.736 2031
Trade Balance (USD mn) 1,296.9 Mar 2026
Total Exports (USD mn) 53,041.8 Mar 2026
Total Exports Growth (%) 8.8 Mar 2026
Aluminum: Exports (USD th) 9,833,093.660 2024
Exports: Medicament (USD th) 10,025,178.456 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 1,380,122.786 2024
Total Imports (USD mn) 51,745.0 Mar 2026
Total Imports Growth (%) 2.5 Mar 2026
Imports: Medicament (USD th) 11,743,159.395 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 8,108,735.311 2024
Total Exports to USA (USD mn) 35,354.519 Mar 2026
Total Imports from USA (USD mn) 30,200.510 Mar 2026
Total Exports to China (USD mn) 2,404.883 Mar 2026
Total Imports from China (USD mn) 4,210.569 Mar 2026
Coal Exports (kton) 2,417.000 Feb 2026
Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) 11,579.105 Mar 2026
Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) 5,102.331 Mar 2026
Import Value (Val): HS: Iron and Steel (IS) (CAD th) 748,788.266 Mar 2026
Import Value Index (2015=100) 132.600 2023
Export Value Index (2015=100) 138.700 2023
country/region Last
Direct Investment Abroad (USD mn) 9,672.8 Dec 2025
Current Account Balance (USD mn) -7,027.7 Sep 2025
Current Account Balance: % of GDP (%) -0.1 Dec 2025
Foreign Direct Investment (USD mn) 18,019.1 Dec 2025
Foreign Direct Investment: % of GDP (%) 3.0 Dec 2025
Foreign Portfolio Investment (USD mn) 41,752.910 Dec 2025
Foreign Portfolio Investment: % of GDP (%) 7.0 Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 12,292.1 Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 29,460.790 Dec 2025
External Debt (USD mn) 3,497,031.8 Dec 2025
External Debt: % of GDP (%) 147.8 2025
External Debt: Short Term (USD mn) 1,328,577.2 Dec 2025
External Debt: Short Term: % of GDP (%) 56.2 2025
Total Debt: % of GDP (%) 944.6 Dec 2025
Forecast: Current Account Balance (USD bn) -0.706 2031
Net International Investment Position (USD mn) 1,313,524.650 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Financial Assets (FA) (CAD mn) 168,345.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: FA: Portfolio Investment (PI) (CAD mn) 18,476.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows (CAD mn) 2,227.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Liabilities (Lia) (CAD mn) 166,118.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: FA: Direct Investment Abroad (CAD mn) 13,490.000 Dec 2025
BoP: BPM6: Financial Acct: Statistical Discrepancy (CAD mn) -1,455.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: FA: Other Investment (OI) (CAD mn) 136,026.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: Foreign Direct Investment in Canada (CAD mn) 25,130.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: Portfolio Investment (PI) (CAD mn) 58,230.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: PI: Canada Debt Securities (CD) (CAD mn) 41,087.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: PI: Foreign Equity & Investment Fund ... (CAD mn) 17,143.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: Lia: Other Foreign Investment (CAD mn) 82,758.000 Dec 2025
BoP: BPM6: Financial Acct: Net Flows: FA: Official International Reserves (CAD mn) 353.000 Dec 2025
BoP: BPM6: Current Account: Receipts (CAD mn) 337,628.000 Dec 2025
BoP: BPM6: Current Account: Receipts: Goods & Services: Goods (CAD mn) 200,104.000 Dec 2025
BoP: BPM6: Current Account: Receipts: Goods & Services: Services (CAD mn) 60,910.000 Dec 2025
BoP: BPM6: Current Account: Receipts: Primary Income (PI) (CAD mn) 71,320.000 Dec 2025
BoP: BPM6: Current Account: Receipts: Secondary Income (CAD mn) 5,295.000 Dec 2025
BoP: BPM6: Capital Account: Receipts (CAD mn) 70.000 Dec 2025
BoP: BPM6: Current Account: Payments (CAD mn) 332,575.000 Dec 2025
BoP: BPM6: Current Account: Payments: Goods & Services: Goods (CAD mn) 200,290.000 Dec 2025
BoP: BPM6: Current Account: Payments: Goods & Services: Services (CAD mn) 57,654.000 Dec 2025
BoP: BPM6: Current Account: Payments: Primary Income (PI) (CAD mn) 68,011.000 Dec 2025
BoP: BPM6: Current Account: Payments: Secondary Income (CAD mn) 6,619.000 Dec 2025
BoP: BPM6: Capital Account: Payments (CAD mn) 1,442.000 Dec 2025
BoP: BPM6: Current Account: Balances (CAD mn) 5,053.000 Dec 2025
BoP: BPM6: Current Account: Balances: Goods & Services: Goods (CAD mn) -187.000 Dec 2025
BoP: BPM6: Current Account: Balances: Goods & Services: Services (CAD mn) 3,256.000 Dec 2025
BoP: BPM6: Current Account: Balances: Primary Income (PI) (CAD mn) 3,309.000 Dec 2025
BoP: BPM6: Current Account: Balances: Secondary Income (CAD mn) -1,325.000 Dec 2025
BoP: BPM6: Capital Account: Balances (CAD mn) -1,372.000 Dec 2025
BoP: BPM6: CA: Payments: sa: Secondary Income (CAD mn) 6,303.000 Dec 2025
Balance of Payments (BoP): BPM6: CA: Balances: sa (CAD mn) -706.000 Dec 2025
BoP: BPM6: CA: Balances: sa: Secondary Income (CAD mn) -896.000 Dec 2025
BoP: BPM6: CA: Balances: sa: Goods & Services: Services (CAD mn) 1,425.000 Dec 2025
BoP: BPM6: CA: Payments: sa: Primary Income (PI) (CAD mn) 67,615.000 Dec 2025
BoP: BPM6: CA: Receipts: sa: Goods & Services: Services (CAD mn) 60,876.000 Dec 2025
Balance of Payments (BoP): BPM6: Current Account (CA): Receipts: sa (CAD mn) 332,275.000 Dec 2025
BoP: BPM6: CA: Balances: sa: Goods & Services: Goods (CAD mn) -4,542.000 Dec 2025
BoP: BPM6: CA: Payments: sa: Goods & Services: Services (CAD mn) 59,451.000 Dec 2025
BoP: BPM6: CA: Receipts: sa: Secondary Income (CAD mn) 5,407.000 Dec 2025
BoP: BPM6: CA: Receipts: sa: Primary Income (PI) (CAD mn) 70,923.000 Dec 2025
BoP: BPM6: CA: Receipts: sa: Goods & Services: Goods (CAD mn) 195,069.000 Dec 2025
BoP: BPM6: CA: Payments: sa: Goods & Services: Goods (CAD mn) 199,612.000 Dec 2025
Balance of Payments (BoP): BPM6: CA: Payments: sa (CAD mn) 332,981.000 Dec 2025
BoP: BPM6: CA: Balances: sa: Primary Income (PI) (CAD mn) 3,307.000 Dec 2025
Gross External Debt: Long Term (CAD mn) 2,541,335.000 Dec 2025
Gross External Debt (CAD mn) 4,795,130.000 Dec 2025
Gross External Debt: Short Term (CAD mn) 1,821,745.000 Dec 2025
International Investment Position (IIP): BPM6: Net (CAD mn) 1,801,105.000 Dec 2025
International Investment Position (IIP): BPM6: Liabilities (CAD mn) 9,601,488.000 Dec 2025
International Investment Position (IIP): BPM6: Assets (CAD mn) 11,402,593.000 Dec 2025
Foreign Exchange Rate: Daily Average: European Euro (EUR/CAD) 1.609 Apr 2026
Direct Investment Abroad: Mining & Oil and Gas Extraction (MO) (CAD mn) 225,065.000 2025
Direct Investment Abroad: Manufacturing (Mfg) (CAD mn) 137,095.000 2025
Direct Investment Abroad: Information & Cultural Industries (CAD mn) 86,788.000 2025
Direct Investment Abroad: Management of Companies & Enterprises (CAD mn) 521,908.000 2025
Direct Investment Abroad: Finance & Insurance (CAD mn) 845,069.000 2025
Foreign Direct Investment: Finance & Insurance (CAD mn) 205,577.000 2025
Foreign Direct Investment: Wholesale Trade (CAD mn) 148,260.000 2025
Foreign Direct Investment: Mining & Oil and Gas Extraction (MO) (CAD mn) 183,153.000 2025
Foreign Direct Investment: Manufacturing (Mfg) (CAD mn) 258,253.000 2025
Foreign Direct Investment: Management of Companies & Enterprises (CAD mn) 524,847.000 2025
Insolvency Statistics: Bankruptcy (Unit) 3,083.000 Mar 2026
CA: BOP: Net Errors and Omissions (USD mn) -3,919.736 2024
CA: BOP: Financial Account: Portfolio Investment: Net (USD mn) -58,244.343 2024
CA: BOP: Current Account: Personal Remittances: Paid (USD mn) 15,226.924 2024
CA: BOP: Current Account: Personal Remittances: Received (USD mn) 851.438 2024
country/region Last
Non Performing Loans Ratio (%) 0.7 Dec 2025
Household Debt: % of GDP (%) 99.5 Dec 2025
Money Supply M1 (USD mn) 1,269,161.471 Mar 2026
Money Supply M2 (USD mn) 2,004,141.762 Mar 2026
M2 Growth (%) 3.8 Mar 2026
Foreign Exchange Reserves (USD mn) 96,496.0 Apr 2026
Foreign Exchange Reserves: % of GDP (%) 4.237 Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 1.8 Mar 2026
Gold Reserves (USD mn) 0.000 Apr 2026
Total Deposits (USD mn) 4,787,436.346 Mar 2026
Total Deposits Growth (%) 3.2 Mar 2026
Domestic Credit (USD mn) 4,920,501.0 Mar 2026
Domestic Credit Growth (%) 4.4 Mar 2026
Debt Service Ratio: Households (%) 13.900 Sep 2025
Debt Service Ratio: Private Non-Financial Sector (%) 25.300 Sep 2025
Credit to Households (USD bn) 2,315.895 Sep 2025
Credit to Private Non-Financial Sector (USD bn) 5,043.713 Sep 2025
Household Debt (USD mn) 2,371,472.3 Feb 2026
Total Loans (USD mn) 3,447,924.736 Feb 2026
Total Loans Growth (%) 4.30 Mar 2026
Private Debt: % of Nominal GDP (%) 209.65 Dec 2025
Money Supply: M1+: Gross: sa (CAD mn) 1,770,861.000 Mar 2026
Money Supply: M1+: Gross (CAD mn) 1,745,762.000 Mar 2026
Money Supply: M3: Gross (CAD mn) 3,999,807.000 Mar 2026
Money Supply: M2+: M2: Gross: sa (CAD mn) 2,796,379.000 Mar 2026
Money Supply: M2+: M2: Gross (CAD mn) 2,787,511.000 Mar 2026
Money Supply: M3: Gross: sa (CAD mn) 4,018,012.000 Mar 2026
Official International Reserves (USD mn) 126,725.000 Apr 2026
Official International Reserves: Gold (USD mn) 0.000 Apr 2026
country/region Last
Business Confidence Growth (% Point) 19.6 Apr 2026
Business Outlook Survey (BOS) Indicator (%) -0.360 Mar 2026
Purchasing Manager Index: Seasonally Adjusted (NA) 57.700 Apr 2026

More Indicators for Canada

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