The Toronto skyline in Canada

Canada Trade

Canada Trade

Merchandise Trade Balance in Canada

The merchandise trade balance in Canada averaged USD -10.1 billion in the decade to 2022. The 2022 reading was USD 16.8 billion. For more trade information, visit our dedicated page.

Canada Trade Chart

Note: This chart displays Trade Balance (USD billion) for Canada from 2014 to 2023.
Source: Macrobond.

Canada Trade Data

2019 2020 2021 2022 2023
Merchandise Trade Balance (USD bn) -14.2 -30.3 1.9 15.5 -1.5
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Canadian trade projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Canadian trade.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Canadian trade projections.

Want to get access to the full dataset of Canadian trade forecasts? Send an email to info@focus-economics.com.

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

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