Canadian trade deficits by country
6 Jun 2019 Statistics Canada says the country's merchandise trade deficit shrank to $966 million in April, the smallest deficit since October last year. 3 Jul 2019 Canada's trade balance unexpectedly swung into surplus for the first time in 10 The country ran a rare trade surplus on $762 million in May. 29 Aug 2019 Canada's current account trade deficit narrowed by $10.2 billion to $6.4 On a country basis, the goods surplus with the United States reached 16 Mar 2018 (The trade balance is calculated by taking the value of Canadian goods The U.S. now imports more oil from Canada than any other country. 16 Mar 2018 Trump is wrong about a trade deficit with Canada A deficit or surplus does not mean one country took money from another country, as Trump
Canada incurred an overall -$9.1 billion trade deficit for 2018, down by -23.6% from the -$11.9 billion in red ink one year earlier. As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.
11 Mar 2019 With a possible trade war preoccupying the news, current talk has focused on trade deficits. This article will look at the 50 nations with the 4 Mar 2002 I will examine the pattern of U.S. trade deficits by county, and then by industry sharply with Mexico, and has turned into a deficit with Canada. 3 Jan 2018 UK trade with the rest of the world, imports and exports, 1999 to 2016. Unfortunately UK trade deficit and surplus by country, 2016. 0 20 40 60 5 Dec 2019 Canada posted a slightly narrower trade deficit in October as both exports and imports climbed, Statistics Canada said, data that could support
Data from both countries say that the U.S. imports more goods from Canada than it exports – the U.S. says the good trade deficit was $12.1 billion. Canada has complained that the the U.S. Trade Representative is falsely inflating that number by counting goods that merely pass through Canada from other countries.
Trade in Goods and Services. Deficit: $45.3 Billion Exports: $208.6 Billion Imports: $253.9 Billion. Next release: April 2, 2020 Complete Release Schedule
This has significant implications for Canadian trade statistics 2 — especially for China. According to the newly available BOP data, approximately two-fifths of Canada’s imports from China are owned by other countries. As a result, on a BOP basis, Canada’s trade deficit with China is only a third of what is reported on a customs basis.
A number of countries contributed to the decrease, including China (various products), Mexico and Germany (both cars), and the U.K. (aircraft and parts, energy products). As a result, Canada’s trade deficit with countries other than the United States rose from $5.7 billion in January to $6.4 billion in February. However, whether Canada runs a surplus or deficit is only a minor point. Every data source does agree on one key fact: the U.S. trade deficit with Canada is closing. Whereas the trade balance has been strongly in Canada’s favour for decades, the U.S. has increasingly relied on Canadian oil, which jumped in price Currently, Canada maintains neither a trade deficit nor a trade surplus as both imports and exports amount to around 475 billion U.S. dollars worth of goods. That was the case with each of the 15 countries with which the United States does the most trade. The arrows on the map below are scaled to the amount of the deficit with each country. But that
3 Jul 2019 Canada's trade balance unexpectedly swung into surplus for the first time in 10 The country ran a rare trade surplus on $762 million in May.
The Canadian government debt, commonly called the "public debt" or the "national debt", is the amount of money owed by the Government of Canada to holders of Canadian Treasury security. According to data from Statistics Canada, net debt as of March 2019 was approximately CAD$768 billion. Trade in Goods and Services. Deficit: $45.3 Billion Exports: $208.6 Billion Imports: $253.9 Billion. Next release: April 2, 2020 Complete Release Schedule It is likely that a measure of the U.S. trade deficit with Canada and Mexico excluding re-exports in all accounts would be somewhere in between the values calculated by the United States and by our country trading partners. Canada is currently our 2nd largest goods trading partner with $618.6 billion in total (two way) goods trade during 2018. Goods exports totaled $299.8 billion; goods imports totaled $318.8 billion. The U.S. goods trade deficit with Canada was $19.1 billion in 2018. A number of countries contributed to the decrease, including China (various products), Mexico and Germany (both cars), and the U.K. (aircraft and parts, energy products). As a result, Canada’s trade deficit with countries other than the United States rose from $5.7 billion in January to $6.4 billion in February. However, whether Canada runs a surplus or deficit is only a minor point. Every data source does agree on one key fact: the U.S. trade deficit with Canada is closing. Whereas the trade balance has been strongly in Canada’s favour for decades, the U.S. has increasingly relied on Canadian oil, which jumped in price
27 Mar 2019 Canada's trade deficit shrank slightly to C$4.25 billion ($3.17 billion) in January, the second highest on record, as low crude prices continued to Canada’s trade deficit narrowed to CAD 0.4 billion in December 2019 from an upwardly revised CAD 1.2 billion in November and compared with market forecasts of a CAD 0.6 billion shortfall. It was the smallest trade gap since January 2017, as exports rose 1.9 percent to CAD 49.3 billion, boosted by 18 percent surge in sales of crude oil. Top Five Trade Partners. Mexico - $615 billion traded with a $102 billion deficit. Canada - $612 billion traded with a $27 billion deficit. China - $559 billion traded with a $346 billion deficit. Japan - $218 billion traded with a $69 billion deficit. Germany - $188 billion traded with a $67 Annual Merchandise Trade By Country (Customs Basis) By Sector (Customs Basis) Foreign Direct Investment Statistics. Data on stocks of Canadian direct investment abroad and foreign direct investment to Canada by country and sectors for selected countries. Foreign Direct Investment by North American Industry Classification System (NAICS) Data from both countries say that the U.S. imports more goods from Canada than it exports – the U.S. says the good trade deficit was $12.1 billion. Canada has complained that the the U.S. Trade Representative is falsely inflating that number by counting goods that merely pass through Canada from other countries. Canada incurred an overall -$9.1 billion trade deficit for 2018, down by -23.6% from the -$11.9 billion in red ink one year earlier. As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.