Canada Balance of Trade

Last Release

Aug 31, 2025

Actual

-6,324.4

Units In

CAD Million

-4,936.4

Frequency

Monthly

Next Release

Jan 08, 2026

Time to Release

24 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
8,524.8 Jan 2001	-7,143.6 Apr 2025	1,088.25 CAD Million	1971-2025	Statistics Canada

Between 1970 and 2008 Canada had been recording trade surpluses every year. From 2009 the trade balance shifted to deficit, with an exception of 2011 and 2014. In 2018, the largest trade deficits were recorded with China, Germany and Mexico, while the biggest trade surpluses were recorded with the US, the UK and Norway.

Latest Updates

Canada’s trade swung to a surplus of C$0.15 billion in September 2025 from a C$6.3 billion deficit the month before and well above expectations for a C$4.5 billion deficit, marking the second surplus of the year. Exports rose 6.3% month on month to C$64.231 billion, the largest monthly increase since February 2024 and reversing August’s weakness as nine of 11 product sections posted gains. Metal and non-metallic mineral product exports jumped 22.7% driven by a 30.2% surge in unwrought gold, aircraft and other transportation equipment rose 23.4% and crude oil exports climbed 5.8%. Exports to the US were up 4.6% in September. Meanwhile imports fell 4.1% to C$64.078 billion as metal and non-metallic mineral imports plunged 27.8%, led by a 72.5% drop in unwrought gold after August’s high-value shipments did not repeat. Those flows narrowed deficits with countries other than the US and widened Canada’s surplus with the US from C$6.0 billion in August to C$8.6 billion in September.