Trade Trend

In 2023, Canada's total export value is 568.16Billion USD, total import value is 559.10Billion USD, Surplus is 9.06Billion USD, and foreign trade dependency is 0.527. In 2023，Canada's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(99.53Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(37.86Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(20.43Billion USD), top export destinations are United States(440.78Billion USD), China(22.57Billion USD), Japan(11.73Billion USD). In 2023, Canada's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(38.59Billion USD), Vehicles; for the transport of goods(20.59Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(20.21Billion USD), top import origins are United States(277.18Billion USD), China(66.11Billion USD), Mexico(34.18Billion USD).

Comparing to 2022, Canada's total export value decreased -30.77Billion USD(-5.14%) in 2023, this could result from its export decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-21.01Billion USD or -17.43%), Petroleum gases and other gaseous hydrocarbons(-10.78Billion USD or -44.44%), Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or fingerjointed, of a thickness exceeding 6mm(-4.39Billion USD or -40.24%) and export decreases to countries/economics such as United States(-20.06Billion USD or -4.35%), United Kingdom(-3.90Billion USD or -27.07%), Japan(-2.12Billion USD or -15.28%). Comparing to 2022, Canada's total import value decreased -12.67Billion USD(-2.22%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-2.79Billion USD or -13.83%), Petroleum gases and other gaseous hydrocarbons(-2.19Billion USD or -47.11%), Petroleum oils and oils obtained from bituminous minerals; crude(-2.03Billion USD or -12.26%), and its import decreases from countries/economies such as China(-10.86Billion USD or -14.11%), United States(-4.34Billion USD or -1.54%), Saudi Arabia(-1.32Billion USD or -45.36%).

Cumulated to first 7 months of 2024, Canada's total export value is 233.33Billion USD, total import value is 228.93Billion USD, and tradesurplus is 4.40Billion USD. Cumulated to first 7 months of 2024, Canada's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(42.65Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(14.15Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(10.04Billion USD), and top export destinations are United States(180.29Billion USD), China(8.24Billion USD), United Kingdom(7.10Billion USD). Cumulated to first 7 months of 2024, Canada's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(42.65Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(14.15Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(10.04Billion USD), and top import origins areUnited States(115.56Billion USD), China(25.22Billion USD), Mexico(14.22Billion USD).