The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
December 31, 2025BALTIC DRY INDEX, DECEMBER 2025 The Baltic Dry Index (BDI) measures procurement costs of shipping raw materials by sea.
The BDI recently peaked at a value of 3,346 on December 4, 2023 - rising sharply after the index had reached a low of 530 in February of that year. In 2024, the value of the index trended down (albeit with periodic increases). By January 30, 2025 the BDI bottomed out at a value of 715. By December 3, 2025 the BDI had spiked to a value of 2,845 but has subsequently declined to 2,071 as of December 18, 2025.
The BDI reached an all-time peak value of 11,793 reported in May 2008. The BDI fell to a value of 290 in February 2016.
Notes: The Baltic Dry Index (BDI) provides a benchmark for the price of moving the major raw materials by sea. It is an index of average prices paid for the transport of dry bulk materials across more than 20 routes. When these costs go down, goods producers benefit from lower shipping costs, and consumers benefit from lower prices for finished products. Higher values indicate more costly shipping, with impacts on costs for goods producers and ultimately for consumer prices. The BDI is often viewed as a leading indicator of economic activity because changes in the index reflect supply and demand for important materials used in manufacturing. The Baltic Dry Index is reported daily by the Baltic Exchange in London.
Sources: Baltic Dry Index Commodities
<--- Return to Archive
