Canada Trade Balance 1961-2024
External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
- Canada trade balance for 2023 was $-8.36B, a 394.64% decline from 2022.
- Canada trade balance for 2022 was $2.84B, a 1553.86% increase from 2021.
- Canada trade balance for 2021 was $0.17B, a 100.47% decline from 2020.
- Canada trade balance for 2020 was $-36.58B, a 43.1% increase from 2019.
Canada Trade Balance - Historical Data |
Year |
Billions of US $ |
% of GDP |
2023 |
$-8.36B |
-0.39% |
2022 |
$2.84B |
0.13% |
2021 |
$0.17B |
0.01% |
2020 |
$-36.58B |
-2.21% |
2019 |
$-25.56B |
-1.47% |
2018 |
$-33.63B |
-1.95% |
2017 |
$-36.16B |
-2.19% |
2016 |
$-36.04B |
-2.36% |
2015 |
$-38.37B |
-2.47% |
2014 |
$-16.35B |
-0.91% |
2013 |
$-28.94B |
-1.57% |
2012 |
$-34.55B |
-1.89% |
2011 |
$-20.48B |
-1.14% |
2010 |
$-30.30B |
-1.87% |
2009 |
$-19.83B |
-1.44% |
2008 |
$27.43B |
1.77% |
2007 |
$31.96B |
2.18% |
2006 |
$36.32B |
2.75% |
2005 |
$46.39B |
3.95% |
2004 |
$45.82B |
4.46% |
2003 |
$34.85B |
3.89% |
2002 |
$33.55B |
4.41% |
2001 |
$42.39B |
5.74% |
2000 |
$42.10B |
5.65% |
1999 |
$24.47B |
3.61% |
1998 |
$12.54B |
1.98% |
1997 |
$12.64B |
1.93% |
1996 |
$24.83B |
3.94% |
1995 |
$18.99B |
3.13% |
1994 |
$6.79B |
1.17% |
1993 |
$0.20B |
0.03% |
1992 |
$-2.02B |
-0.34% |
1991 |
$-3.17B |
-0.52% |
1990 |
$0.92B |
0.15% |
1989 |
$0.15B |
0.03% |
1988 |
$3.77B |
0.74% |
1987 |
$4.94B |
1.14% |
1986 |
$3.45B |
0.91% |
1985 |
$8.25B |
2.25% |
1984 |
$12.12B |
3.40% |
1983 |
$10.74B |
3.14% |
1982 |
$11.86B |
3.77% |
1981 |
$2.05B |
0.67% |
1980 |
$4.66B |
1.70% |
1979 |
$1.02B |
0.42% |
1978 |
$0.48B |
0.22% |
1977 |
$-0.75B |
-0.35% |
1976 |
$-1.87B |
-0.90% |
1975 |
$-3.38B |
-1.94% |
1974 |
$-0.16B |
-0.10% |
1973 |
$1.44B |
1.09% |
1972 |
$0.66B |
0.58% |
1971 |
$1.30B |
1.30% |
1970 |
$1.94B |
2.20% |
1969 |
$-0.16B |
-0.20% |
1968 |
$0.66B |
0.92% |
1967 |
$0.50B |
0.75% |
1966 |
$-0.11B |
-0.18% |
1965 |
$-0.17B |
-0.31% |
1964 |
$0.48B |
0.97% |
1963 |
$0.24B |
0.53% |
1962 |
$-0.16B |
-0.37% |
1961 |
$-0.26B |
-0.64% |