Overview In December 2023 Canada exported C$58.2B and imported C$58.7B, resulting in a negative trade balance of C$437M. Between December 2022 and December 2023 the exports of Canada have decreased by C$-482M (-0.82%) from C$58.7B to C$58.2B, while imports increased by C$255M (0.44%) from C$58.4B to C$58.7B.
Trade In December 2023, the top exports of Canada were Crude Petroleum (C$10.9B), Cars (C$3.88B), Planes, Helicopters, and/or Spacecraft (C$2.54B), Gold (C$2.02B), and Refined Petroleum (C$1.8B). In December 2023 the top imports of Canada were Cars (C$4.21B), Commodities not elsewhere specified (C$2.61B), Motor vehicles; parts and accessories (8701... (C$1.85B), Delivery Trucks (C$1.85B), and Crude Petroleum (C$1.67B).
Origins In December 2023 the exports of Canada were mainly from Ontario (C$19.1B), Alberta (C$14.8B), Quebec (C$11B), British Columbia (C$5.01B), and Saskatchewan (C$3.63B), while imports destinations were mainly Ontario (C$36.3B), Quebec (C$7.72B), British Columbia (C$5.15B), Alberta (C$3.52B), and Manitoba (C$2.43B).
Destinations In December 2023, Canada exported mostly to United States (C$43.8B), China (C$2.8B), United Kingdom (C$1.44B), Japan (C$1.19B), and South Korea (C$618M), and imported mostly from United States (C$29.1B), China (C$6.78B), Mexico (C$3.73B), Japan (C$1.89B), and Germany (C$1.83B).
Growth In December 2023, the decrease in Canada's year-by-year exports was explained primarily by an decrease in exports to Mexico (C$-304M or -36.9%), Spain (C$-287M or -70.4%), and Malta (C$-203M or -99.3%), and product exports decrease in Petroleum Gas (C$-664M or -27.4%), Rapeseed (C$-377M or -55.1%), and Packaged Medicaments (C$-338M or -41.4%). In December 2023, the increase in Canada's year-by-year imports was explained primarily by an increase in imports from Japan (C$531M or 39.1%), South Korea (C$495M or 58.1%), and Mexico (C$492M or 15.2%), and product imports increase in Cars (C$884M or 26.6%), Gold (C$470M or 52.6%), and Commodities not elsewhere specified (C$355M or 15.8%).
