Overview In February 2024 Canada exported C$57.6B and imported C$59.5B, resulting in a negative trade balance of C$1.84B. Between February 2023 and February 2024 the exports of Canada have increased by C$3.2B (5.89%) from C$54.4B to C$57.6B, while imports increased by C$2.47B (4.33%) from C$57B to C$59.5B.
Trade In February 2024, the top exports of Canada were Crude Petroleum (C$10.5B), Cars (C$3.86B), Gold (C$3.7B), Refined Petroleum (C$1.77B), and Motor vehicles; parts and accessories (8701... (C$1.52B). In February 2024 the top imports of Canada were Cars (C$4.38B), Motor vehicles; parts and accessories (8701... (C$2.25B), Refined Petroleum (C$1.71B), Delivery Trucks (C$1.55B), and Commodities not elsewhere specified (C$1.52B).
Origins In February 2024 the exports of Canada were mainly from Ontario (C$21.7B), Alberta (C$13.5B), Quebec (C$9.03B), British Columbia (C$4.55B), and Saskatchewan (C$3.51B), while imports destinations were mainly Ontario (C$35.7B), Quebec (C$7.98B), British Columbia (C$6.03B), Alberta (C$3.29B), and Manitoba (C$2.55B).
Destinations In February 2024, Canada exported mostly to United States (C$43.4B), United Kingdom (C$2.29B), China (C$2.12B), Switzerland (C$1.21B), and Japan (C$1.19B), and imported mostly from United States (C$30.6B), China (C$6.57B), Mexico (C$3.58B), Germany (C$1.92B), and Japan (C$1.8B).
Growth In February 2024, the increase in Canada's year-by-year exports was explained primarily by an increase in exports to United States (C$2.12B or 5.13%), United Kingdom (C$1.2B or 111%), and Switzerland (C$729M or 151%), and product exports increase in Gold (C$2.12B or 134%), Crude Petroleum (C$716M or 7.32%), and Cars (C$571M or 17.4%). In February 2024, the increase in Canada's year-by-year imports was explained primarily by an increase in imports from United States (C$2.05B or 7.2%), Japan (C$354M or 24.5%), and South Korea (C$274M or 27.3%), and product imports increase in Cars (C$813M or 22.8%), Planes, Helicopters, and/or Spacecraft (C$325M or 186%), and Motor vehicles; parts and accessories (8701... (C$291M or 14.8%).
