Use the navigation to the right to select the year and month you would like to view.
Canada's trade balance with the world fell to $1.3 billion in November from a revised $2.3 billion in October. The large revisions to the October figures were primarily due to more current information on energy prices and volumes. Both exports and imports declined in November. Over two-thirds of the drop in exports and almost all the decrease in imports were due to energy products, as crude petroleum prices continued to fall. Exports slid for the fourth month in a row, dropping 6.8% to $39.2 billion, the result of falling prices and lower volumes. It was the lowest total for exports since January 2008. The volume of exports decreased 1.8%. Similarly, a combination of price and volume reductions pushed Canada's imports down 4.8% to $38.0 billion. The volume of imports fell 2.3%. Excluding energy products, exports declined 2.7% while imports increased 0.6% in November. The trade balance has been in deficit since July 2007. In November, the trade deficit expanded to $3.5 billion from $2.4 billion in October. In terms of volume, exports and imports decreased 1.2% and 0.9% respectively. Exports to the United States fell 7.4% to $28.9 billion, largely the result of a decline in energy products. The decrease in exports outpaced a 3.7% drop in imports, putting Canada's trade surplus with the United States at $4.5 billion, its lowest level since May 1999.