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Indicator Digest

Trade Balance
The Trade Balance measures a countries' trade in the world by examining exports and imports. A positive value means a country exported more than it imported. In some countries like Germany and Japan, exports make up an important part of GDP. Higher levels of exports for a country will tend to increase the demand for that country's currency, as foreign firms have to purchase those exports in the country's domestic currency.

Main Indicator: Trade Balance

Most Recent Release

March
11th, 2010
Actual Forecast Previous Revised Form
0.8B 0.4B 0.1B -0.2B

For january in C$
Provided by: Statistics Canada
Official Release: News Release
Table of Data: HTML

From the Release: "Canada's merchandise exports grew 0.5% in January, a slower pace than in the previous four months, while imports declined 1.7%. As a result, Canada posted a trade surplus with the world of $799 million in January compared with a surplus of $75 million in December.

Exports increased to $33.0 billion from $32.9 billion in December, as prices increased 0.8% while volumes fell 0.3%.

Although exports have been increasing for five consecutive months, the pace of growth slowed in January as declines in automotive products and machinery and equipment nearly offset gains in industrial goods and materials, and other consumer goods."

 

Table of Past Data

6/107/108/129/1010/911/1312/101/122/103/11
Actual-0.2B-1.4B-0.1B-1.4B-2.0B-0.9B0.4B-0.3B-0.2B0.8B
Forecast0.8B-0.5B-0.6B-0.2B-0.8B-1.5B-0.6B0.9B-0.1B0.4B
Previous1.1B-0.2B-1.1B0.0B-1.4B-2.0B-0.9B0.4B-0.3B0.1B
Revised FromN/AN/A-1.4B-0.1BN/AN/AN/AN/AN/A-0.2B

Past Releases

February
10th, 2010
Actual Forecast Previous Revised Form
-0.2B -0.1B -0.3B N/A

For December in C$
Provided by: Statistics Canada
Official Release: News Release
Table of Data: HTML

From the Release: "Canada's merchandise exports and imports both advanced in December on the strength of automotive products. Exports rose 1.7% and imports increased 1.8%. As a result, Canada's trade deficit with the world widened to $246 million in December from $201 million in November.

Exports grew to $32.2 billion in December from $31.7 billion in November. This fourth consecutive monthly gain was due to a 2.1% increase in volumes, while prices fell 0.4%. Automotive products were responsible for nearly two-thirds of the growth, and were followed by machinery and equipment and energy products. Exports of industrial goods and materials declined in December.

Imports increased to $32.4 billion in December from $31.9 billion in November, the result of volumes rising 1.1% and prices increasing 0.7%. For the second consecutive month, automotive products led the gain, representing more than half the growth in imports in December. Industrial goods and materials and energy products also increased, while machinery and equipment decreased during the month."

January
12th, 2010
Actual Forecast Previous Revised Form
-0.3B 0.9B 0.4B N/A

For November in C$
Provided by: Statistics Canada
Official Release: News Release
Table of Data: HTML

From the Release: "Canada's merchandise exports increased 1.1% in November on the strength of energy products, while imports rose 3.9% due to widespread gains. As a result, Canada's trade balance with the world went from a surplus of $503 million in October to a deficit of $344 million in November.

Exports increased to $31.6 billion in November, marking the fifth increase in six months, as prices rose 1.1% and volumes remained unchanged. Energy products were the main factor behind the gain in November. Excluding energy products, exports fell 0.3%.

Imports increased by $1.2 billion to $31.9 billion in November, almost offsetting the declines of the previous three months. The rise in imports represented the third monthly gain in 2009, as volumes increased 2.7% while prices rose 1.1%."

December
10th, 2009
Actual Forecast Previous Revised Form
0.4B -0.6B -0.9B N/A

For October in C$
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Canada's merchandise exports rose 3.4% in October, led by a strong gain in exports to the United States, which accounted for three-quarters of the increase. Canada posted a trade surplus with the world of $428 million, as imports decreased 0.8% in October compared with a deficit of $850 million in September.

Exports increased by $1.0 billion to $31.1 billion, as a result of a 2.6% rise in volumes and a 0.8% increase in prices. This was the second consecutive monthly increase in the value of exports and the fourth advance in five months. Imports declined to $30.7 billion, as prices decreased 1.2% while volumes inched up 0.3%. This third consecutive monthly decrease in the value of imports was mostly due to machinery and equipment followed by industrial goods and materials. Higher imports of energy products moderated the decrease."

November
13th, 2009
Actual Forecast Previous Revised Form
-0.9B -1.5B -2.0B N/A

For September in C$
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Canada's merchandise exports rose 3.5% in September, while there was little change in imports. As a result, Canada's trade deficit with the world narrowed to $927 million from $2.0 billion in August.

Exports rose by $1.0 billion to $30.3 billion in September, as volumes increased 4.5%. Exports which have been on a downward trend since July 2008, reached a low point in May 2009. Since then, exports have increased in three of the past four months. Automotive products, industrial goods and materials, and machinery and equipment were the main sources of growth for exports. Energy products mitigated the gains.

In September, imports edged down 0.1% to $31.2 billion, as volumes fell 0.8%. However, declines in imports in both August and September did not offset the strong gain in July 2009."

October
9th, 2009
Actual Forecast Previous Revised Form
-2.0B -0.8B -1.4B N/A

For August in C$
Provided by: Statistics Canada
Previous Release: News Release

September
10th, 2009
Actual Forecast Previous Revised Form
-1.4B -0.2B 0.0B -0.1B

For July in C$
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Merchandise imports and exports both increased in July as a result of broad-based growth in volumes. Imports were up 8.3% to $31.7 billion while exports grew 3.3% to $30.3 billion. As a result, Canada registered a trade deficit of $1.4 billion in July compared with a trade surplus of $37 million in June.

The gain in imports halted four consecutive months of decline and was the result of an 8.7% rise in volumes as prices edged down 0.4%. Although the increases were widespread, machinery and equipment, automotive products and energy products were the main sources of growth.

The second consecutive monthly advance in exports was attributable to a 5.9% increase in volumes, as prices declined 2.4%. Higher exports of machinery and equipment and automotive products led the increase in overall exports. Declines in exports of energy products tempered the gain."

August
12th, 2009
Actual Forecast Previous Revised Form
-0.1B -0.6B -1.1B -1.4B

For June in C$
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Canada's merchandise exports increased 2.3% to just under $29.3 billion in June, halting three consecutive monthly declines, while imports fell 1.3% to just over $29.3 billion. As a result, Canada's trade deficit with the world narrowed to $55 million from $1.1 billion in May. The increase in exports was attributable to a substantial rise in exports of energy products. If they were excluded, total exports would have declined 0.5%.

Imports, which have been on a downward trend since October 2008, fell for the fourth consecutive month. Declines in three sectors (machinery and equipment, industrial goods and materials, and other consumer goods) more than offset increases in the remaining sectors: energy products, agricultural and fishing products, automotive products and forestry products."

July
10th, 2009
Actual Forecast Previous Revised Form
-1.4B -0.5B -0.2B N/A

For May in C$
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Canada's merchandise exports fell 6.9% to $28.4 billion in May, as volumes declined 4.1% and prices decreased 2.9%. Imports were down 3.5% to $29.8 billion due to a 4.9% reduction in prices, while volumes rose 1.5%. As a result, Canada's trade deficit with the world widened to $1.4 billion in May from $389 million in April. The Canadian dollar appreciated 6.4% against the US dollar in May."

June
10th, 2009
Actual Forecast Previous Revised Form
-0.2B 0.8B 1.1B N/A

For April in C$
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Canada's merchandise exports fell 5.1% to $30.8 billion in April, mostly due to a 3.2% reduction in prices while volumes decreased 1.9%. Lower exports of industrial goods and materials, energy products, and machinery and equipment largely accounted for the decrease in overall exports. Gains in agricultural and fishing products, and automotive products partially offset the decline.

Imports decreased 1.5% to $31.0 billion, mainly a result of declines in industrial goods and materials as well as machinery and equipment. Import prices were down 1.8% while volumes edged up 0.3%"