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December 06, 2022CANADA TRADE BALANCE, OCTOBER 2022 GOODS
In October 2022, Canada's international export of goods increased to $67.0 billion (+1.5% from September 2022). Canada’s goods imports also increased (+0.6%) in October to $65.8 billion. The international trade surplus in goods widened by $607.5 million from September to October, rising to $1,214 million.
Export of goods to the United States from Canada in October 2022 increased 1.3% to $50.7 billion while imports of goods from the US edged down 0.1% to $40.7 billion. Canada's trade surplus in goods with the US widened by $689.4 million to $10.0 billion in October 2022.
Canada's exports of goods to China increased 25.4% to $3.3 billion in October. Canada's imports of goods from China fell 3.7% to $6.0 billion. Canada's deficit in goods trade with China narrowed by $905 million to $2.7 billion.
In September, Canada's exports of goods to the European Union increased by 3.8% to $3.2 billion. Canada's imports of goods from the EU were up 4.4% to $6.4 billion. Canada's deficit in goods trade with the EU widened by $149.6 million to $3.2 billion.
SERVICES
Canada's international exports of services increased 1.6% to $13.9 billion in October. Canada's imports of services during the same month increased 2.0% to $15.8 billion. Canada's deficit in international service trade widened by $95 million to $1.9 billion.
GOODS AND SERVICES
Canada’s international exports of goods and services increased 1.5% to $80.9 billion in October. Canada's international imports of goods and services grew by 0.9% to $81.7 billion. Canada's overall international trade balance in goods and services narrowed by $512.5 million to $0.7 billion.
Note: all data are reported on a seasonally adjusted balance of payments basis.
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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