Exports from Canada dropped 2.2% over a month to $60.7 billion in June 2023, following a downwardly revised 3% fall in May, with 9 of the 11 product sections posting decreases. Shipments of metal and non-metallic mineral products shrank by 8.0%, mainly dragged by unwrought gold, silver, and platinum group metals & their alloys (-18.3%). Also, exports declined for industrial machinery, equipment & parts (-5.0%); basic and industrial chemical, plastic & rubber products (-5.7%); and farm, fishing and intermediate food products (-4.4%), notably canola (-42.4%) and intermediate food products (-15.0%). Among major trading partners, sales plunged to China (-27.6%), Germany (-17.6%), South Korea (-15.8%) and Mexico (-13.5%). On the other hand, they grew most to Italy (36.9%) and Switzerland (16.1%). source: Statistics Canada

Exports in Canada averaged 24749.33 CAD Million from 1971 until 2023, reaching an all time high of 69212.30 CAD Million in June of 2022 and a record low of 1366.00 CAD Million in February of 1971. This page provides the latest reported value for - Canada Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Exports - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Exports in Canada is expected to be 64720.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Exports is projected to trend around 68757.00 CAD Million in 2024 and 71305.00 CAD Million in 2025, according to our econometric models.

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Canada Exports



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-06 12:30 PM May C$61.53B C$63.96B C$65.3B
2023-08-08 12:30 PM Jun C$60.7B C$62.05B C$64.7B
2023-09-06 12:30 PM Jul C$60.7B


Related Last Previous Unit Reference
Balance of Trade -3731.90 -2680.10 CAD Million Jun 2023
Current Account -6166.00 -8053.00 CAD Million Mar 2023
Current Account to GDP -0.40 -0.30 percent of GDP Dec 2022
Imports 64427.90 64733.50 CAD Million Jun 2023
Exports 60696.00 62053.40 CAD Million Jun 2023
External Debt 3587795.00 3584981.00 CAD Million Mar 2023
Terms of Trade 93.90 93.50 points Jun 2023
Foreign Direct Investment 23938.00 16650.00 CAD Million Mar 2023
Capital Flows -4777.00 -3784.00 CAD Million Mar 2023
Tourist Arrivals 3332607.00 2377181.00 Jun 2023
Oil Exports 8858.60 8851.70 CAD Million Jun 2023

Canada Exports
Exports account for more than 30 percent of the Canadian GDP. The biggest export products are energy (22%of total), crude oil and crude bitumen (14%), cars and parts (19%), and consumer goods (12%). The US is by far the largest destination for Canadian products (76 percent of total exports), followed by China (4.5 percent) and the United Kingdom (2.6 percent).
Actual Previous Highest Lowest Dates Unit Frequency
60696.00 62053.40 69212.30 1366.00 1971 - 2023 CAD Million Monthly

News Stream
Canada Exports Drop 2.2% in June
Exports from Canada dropped 2.2% over a month to $60.7 billion in June 2023, following a downwardly revised 3% fall in May, with 9 of the 11 product sections posting decreases. Shipments of metal and non-metallic mineral products shrank by 8.0%, mainly dragged by unwrought gold, silver, and platinum group metals & their alloys (-18.3%). Also, exports declined for industrial machinery, equipment & parts (-5.0%); basic and industrial chemical, plastic & rubber products (-5.7%); and farm, fishing and intermediate food products (-4.4%), notably canola (-42.4%) and intermediate food products (-15.0%). Among major trading partners, sales plunged to China (-27.6%), Germany (-17.6%), South Korea (-15.8%) and Mexico (-13.5%). On the other hand, they grew most to Italy (36.9%) and Switzerland (16.1%).
2023-08-08
Canada Exports Fall Over 3% MoM in May
Exports from Canada dropped 3.8% over a month to $61.5 billion in May 2023, reversing the previous rise, with 7 of the 11 product sections posting decreases. Exports of energy products plunged 7.3% as lower cost led to falling crude oil sales (-8.3%). Coal exports also declined due to smaller shipments to Asian countries. Meanwhile, exports of farm, fishing & intermediate food products sank for the third month by 13.4% amid improved global supplies, especially for wheat and canola. Among major trading partners, sales fell to Italy (-45.1%), Switzerland (-44.2%), United Kingdom (-20.1%), South Korea (-18.2%), and the US (-2.9%). On the other hand, they grew most to Germany (+32.5%), Mexico (20.9%), and China (11.9%).
2023-07-06
Canada Exports Halt 2-Month Decline
Exports from Canada rose 2.5% over a month to $64.9 billion in April 2023, following two consecutive monthly declines, with 6 of the 11 product sections showing increases. Exports of metal and non-metallic mineral products (+13.6%) contributed the most, of which unwrought gold (+46.0%), largely reflecting higher transfers of gold assets from Canadian financial institutions to the United States. Exports also grew for energy products (+6.4%), as higher prices led to a rebound in crude oil sales (+7.1%), following six months of declines. Additionally, coal exports experienced growth due to increased shipments to South Korea. At the same time, exports of motor vehicles and parts surged (+7.4%). Among major trading partners, overseas sales increased primarily to South Korea (+35.2%) Italy (+15.2%) and the US (+4.4%), but decreased to the UK (-34.4%), Germany (-24.8%) and China (-14.7%).
2023-06-07

Canada Exports by Category Last Previous
(bop) - Total of All Merchandise 60696.00 62053.40 CAD Million Jun/23
(bop) - Energy Products 12617.90 12678.20 CAD Million Jun/23
(bop) - Crude Oil and Crude Bitumen 8858.60 8851.70 CAD Million Jun/23
(bop) - Motor Vehicles and Parts 8577.60 8666.90 CAD Million Jun/23
(bop) - Consumer Goods 7520.40 7314.90 CAD Million Jun/23
(bop) - Intermediate Metal Products 5891.00 6503.60 CAD Million Jun/23
(bop) - Passenger Cars and Light Trucks 5471.10 5467.10 CAD Million Jun/23
(bop) - Farm and Fishing Products 3542.20 3611.20 CAD Million Jun/23
(bop) - Building and Packaging Materia 2768.10 2767.60 CAD Million Jun/23
(bop) - Plastic and Rubber Products 1318.00 1366.90 CAD Million Jun/23
(bop) - Metal Ores and Concentrates 1244.10 1357.80 CAD Million Jun/23
(bop) - Refined Petroleum Energy Produ 1128.10 1244.40 CAD Million Jun/23
(bop) - Pulp and Paper Stock 980.60 1030.30 CAD Million Jun/23
(bop) - Meat Products 915.50 923.60 CAD Million Jun/23
(bop) - Non-metallic Minerals 914.80 921.50 CAD Million Jun/23
(bop) - Miscellaneous Goods and Suppli 890.70 1156.50 CAD Million Jun/23
(bop) - Wheat 852.50 602.50 CAD Million Jun/23
(bop) - Aircraft 832.40 756.00 CAD Million Jun/23
(bop) - Natural Gas 807.80 754.60 CAD Million Jun/23
(bop) - Potash 771.50 739.30 CAD Million Jun/23
(bop) - Basic Chemicals 736.10 784.60 CAD Million Jun/23
(bop) - Electrical Components 688.70 698.90 CAD Million Jun/23
(bop) - Electronic and Electrical Parts 687.00 728.30 CAD Million Jun/23
(bop) - Plastic Resins 678.90 707.60 CAD Million Jun/23
(bop) - Furniture and Fixtures 643.00 655.70 CAD Million Jun/23
(bop) - Iron Ores and Concentrates 629.80 785.70 CAD Million Jun/23
(bop) - Fruits, Nuts and Vegetables 579.40 647.60 CAD Million Jun/23
(bop) - Fabricated Metal Products 553.00 562.00 CAD Million Jun/23
(bop) - Paper and Published Products 439.70 440.70 CAD Million Jun/23
(bop) - Cleaning Products and Toiletri 403.10 398.90 CAD Million Jun/23
(bop) - Animal Feed 363.30 405.10 CAD Million Jun/23
(bop) - Special Transactions Trade 340.10 348.00 CAD Million Jun/23
(bop) - Electricity 312.80 331.00 CAD Million Jun/23
(bop) - Copper Ores and Concentrates 305.60 457.70 CAD Million Jun/23
(bop) - Dyes and Pigments, Petrochemic 283.00 318.40 CAD Million Jun/23
(bop) - Asphalt and Asphalt Products 281.20 276.10 CAD Million Jun/23
(bop) - Canola 274.90 476.90 CAD Million Jun/23
(bop) - Live Animals 210.80 210.10 CAD Million Jun/23
(bop) - Tires 199.50 199.40 CAD Million Jun/23
(bop) - Non-metallic Mineral Products 195.10 198.20 CAD Million Jun/23
(bop) - Alcoholic Beverages 135.90 109.40 CAD Million Jun/23
(bop) - Coffee and Tea 75.10 78.30 CAD Million Jun/23
(bop) - Radioactive Ores and Concentra 57.20 4.40 CAD Million Jun/23
(bop) - Metalworking Machinery 53.50 46.20 CAD Million Jun/23
(bop) - Appliances 47.70 49.00 CAD Million Jun/23
(bop) - Dairy Products 35.90 40.20 CAD Million Jun/23
(bop) - Tobacco Products 9.40 9.30 CAD Million Jun/23

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category