Overview In October 2023 Canada exported C$62.5B and imported C$64.5B, resulting in a negative trade balance of C$2B. Between October 2022 and October 2023 the exports of Canada have increased by C$508M (0.82%) from C$62B to C$62.5B, while imports decreased by C$-1.58B (-2.39%) from C$66B to C$64.5B.
Trade In October 2023, the top exports of Canada were Crude Petroleum (C$12.6B), Cars (C$4.57B), Gold (C$2.43B), Motor vehicles; parts and accessories (8701... (C$1.39B), and Petroleum Gas (C$1.37B). In October 2023 the top imports of Canada were Cars (C$4.56B), Delivery Trucks (C$2.69B), Motor vehicles; parts and accessories (8701... (C$2.38B), Telephones (C$1.73B), and Refined Petroleum (C$1.64B).
Origins In October 2023 the exports of Canada were mainly from Ontario (C$21.8B), Alberta (C$16B), Quebec (C$10.5B), Saskatchewan (C$4.66B), and British Columbia (C$4.6B), while imports destinations were mainly Ontario (C$40.6B), Quebec (C$8.76B), British Columbia (C$6.32B), Alberta (C$3.05B), and Manitoba (C$2.53B).
Destinations In October 2023, Canada exported mostly to United States (C$48.8B), China (C$2.73B), Japan (C$1.13B), United Kingdom (C$998M), and Netherlands (C$806M), and imported mostly from United States (C$31.3B), China (C$8.14B), Mexico (C$3.91B), Germany (C$2.04B), and Japan (C$1.74B).
Growth In October 2023, the increase in Canada's year-by-year exports was explained primarily by an increase in exports to United States (C$2.48B or 5.35%), Netherlands (C$301M or 59.7%), and Hong Kong (C$235M or 221%), and product exports increase in Cars (C$2B or 78%), Gold (C$1.31B or 118%), and Delivery Trucks (C$297M or 46.8%). In October 2023, the decrease in Canada's year-by-year imports was explained primarily by an decrease in imports from China (C$-1.29B or -13.7%), United States (C$-622M or -1.95%), and Ireland (C$-273M or -46.3%), and product imports decrease in Refined Petroleum (C$-491M or -23.1%), Petroleum Gas (C$-467M or -73.4%), and Other Heating Machinery (C$-211M or -49.7%).
