Canada

In 2014, the value of merchandise exports of Canada increased slightly by 3.6 percent to reach 472.9 bln US$, while its merchandise imports increased slightly by 0.1 percent to reach 462.0 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small surplus of 10.9 bln US$ in 2014, following a relatively small deficit of 5.2 bln US$ in 2013 (see graph 1). The largest merchandise trade balance was with MDG Developed North America at 109.0 bln US$ (see graph 4). Merchandise exports in Canada were highly concentrated amongst partners; imports were also highly concentrated. The top 2 partners accounted for 80 percent or more of exports and 7 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Canada decreased slightly by 0.3 percent, reaching 85.5 bln US$, while its imports of services decreased slightly by 0.6 percent and reached 110.5 bln US$ (see graph 2). There was a moderate trade in services deficit of 25.0 bln US$.

Related Subject(s): International Trade and Finance

Countries: Canada