Canada balance of trade


Canada balance of trade: -1260 (-14.29%)
Last Update: October 31, 2024

Canada balance of trade closed down -1260 as of October 31, 2024 from -1470 from the previous month and 2967.4 from last year.


Canada balance of trade Analytics & Data




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Canada balance of trade

Date Values
2024-10-31 -1260
2024-09-30 -1470
2024-08-31 -287
2024-07-31 -179.4
2024-06-30 -1610.5
2024-05-31 -1323.1
2024-04-30 -1990
2024-03-31 476
2024-02-29 480
2024-01-31 496.1
2023-12-31 -310
2023-11-30 1570
2023-10-31 2967.4
2023-09-30 1120.8
2023-08-31 758
2023-07-31 -510
2023-06-30 -4833
2023-05-31 -2670.5
2023-04-30 1033.1
2023-03-31 -39.2
2023-02-28 -506.4
2023-01-31 1372.1
2022-12-31 1213.9
2022-11-30 99.9

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Canada balance of trade Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade ca.balanceoftrade -1260.0 -1470 -14 -142 Down Down 27 2024-10-31

Canada balance of trade Quantitative Analysis, Charts & Factors

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Canada balance of trade Historical Data

The MacroVar database offers free access to historical data for the Canada balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Canada balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Canada balance of trade

The balance of trade in Canada refers to the difference between the value of goods and services that a country exports and the value of goods and services that it imports. A positive balance of trade occurs when a country exports more than it imports, resulting in a surplus. On the other hand, a negative balance of trade occurs when a country imports more than it exports, creating a deficit. Canada has typically had a negative balance of trade, as it is a major importer of foreign goods and relies heavily on exports of natural resources such as oil, lumber, and minerals. This imbalance can have economic implications for the country, affecting its currency value, GDP growth, and overall economic stability. Efforts are often made to improve the balance of trade through policies and strategies aimed at increasing exports and reducing imports.

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