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November 04, 2026CANADA TRADE BALANCE, SEPTEMBER 2026 Month-over-month (September 2026 vs August 2026)
In September 2026, Canada's international exports of goods increased 0.2% to $78.6 billion, while goods imports declined 0.3% to $73.2 billion. As a result, Canada's goods trade surplus widened by $0.4 billion to $5.4 billion in September, following a surplus of $5.0 billion in August. Combined with a smaller services surplus, Canada's overall goods and services trade surplus increased from $5.4 billion to $5.7 billion.
The improvement in Canada's trade position reflected higher exports, which outpaced a slight increase in imports in September. Total exports of goods and services increased 0.3% to $99.9 billion, while total imports edged up 0.1% to $94.2 billion. Canada's combined goods and services trade surplus rose by $0.3 billion to $5.7 billion.
Services exports increased 0.9% to $21.4 billion in September, while services imports increased 1.5% to $21.0 billion. This resulted in the services trade surplus narrowing from $0.5 billion in August to $0.3 billion in September.
Canada's international exports of goods and services increased 0.3% to $99.9 billion in September 2026, while imports of goods and services edged up 0.1% to $94.2 billion.
Exports of goods to the United States increased 0.7% to $55.2 billion in September 2026, while imports of goods from the United States rose 0.4% to $42.8 billion. As a result, Canada's merchandise trade surplus with the United States widened by $0.2 billion, from $12.1 billion in August to $12.3 billion in September 2026.
Canada's exports of goods to China increased 3.0% to $4.4 billion in September 2026, while imports of goods from China declined 5.0% to $5.9 billion. As a result, Canada's merchandise trade deficit with China narrowed by $443 million, from $1.9 billion in August to $1.5 billion in September 2026.
In September 2026, Canada's exports of goods to the European Union increased 6.4% to $3.9 billion, while imports of goods from the European Union decreased 5.1% to $7.3 billion. As a result, Canada's merchandise trade deficit with the European Union narrowed by $0.6 billion, from $4.0 billion in August to $3.4 billion in September 2026.
Year-over-year (September 2026 vs September 2025)
Compared with the same month in 2025 in Canada:
- International exports of goods rose 21.7% (+$14.0 billion) and Canada’s goods imports rose 14.4% (+$9.2 billion). Canada’s goods trade position improved by $4.8 billion, from a surplus of $0.6 billion in September 2025 to a surplus of $5.4 billion in September 2026.
- International exports of services increased 5.7% (+$1.1 billion) and Canada’s imports of services increased 6.2% (+$1.2 billion). As a result, Canada’s services trade balance deteriorated by $79 million, from a surplus of $405 million in September 2025 to a surplus of $326 million in September 2026.
- Combined international exports of goods and services rose 17.8% (+$15.1 billion), while imports of goods and services increased 12.4% (+$10.4 billion). Canada's overall international trade position improved by $4.7 billion, from a surplus of $1.0 billion in September 2025 to a surplus of $5.7 billion in September 2026.
- Exports of goods from Canada to the United States increased 20.4% (+$9.3 billion) and imports of goods from the United States rose 15.1% (+$5.6 billion). As a result, Canada’s goods trade surplus with the United States widened by $3.7 billion, from $8.6 billion in September 2025 to $12.3 billion in September 2026.
- Exports of goods to China increased 67.3% (+$1.8 billion), while imports of goods from China rose 26.4% (+$1.2 billion). Canada’s goods trade deficit with China narrowed by $552.1 million, from $2.0 billion in September 2025 to $1.5 billion in September 2026.
- Exports of goods to the European Union increased 3.9% (+$149.6 million) and imports of goods from the European Union rose 12.9% (+$835.6 million). Canada’s goods trade deficit with the European Union widened by $686.0 million, from $2.7 billion in September 2025 to $3.4 billion in September 2026.
Source: Statistics Canada, Table 12-10-0011-01 International merchandise trade for all countries and by Principal Trading Partners, monthly (x 1,000,000); Table 12-10-0121-01 International merchandise trade by commodity, monthly (x 1,000,000); Table 12-10-0144-01 International trade in services, monthly (x 1,000,000)
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