Canadian exports rose by 2.2% to a nine-month high of CAD 66.1 billion in November 2024, after an upwardly revised CAD 64.7 billion the previous month. This marks the second consecutive monthly increase in exports, helped by a softer Canadian dollar, with 9 of the 11 product sections rising. Notable rises were seen in shipments of consumer goods (4.4%), primarily pharmaceutical products (+11.9%); metal and non-metallic mineral products (3.8%); energy products (2.1%) and metal ores and non-metallic minerals (10.5%). Exports to the US, the country’s largest trading partner, jumped by 6.8%, likely driven by the looming threat of imminent tariffs on Canadian goods under the Trump administration. Overseas sales to countries other than the United States slipped by 10.3% in November, driven by lower exports of unwrought gold to Hong Kong as well as of nickel to Norway. source: Statistics Canada

Exports in Canada increased to 66110 CAD Million in November from 64680 CAD Million in October of 2024. Exports in Canada averaged 25835.07 CAD Million from 1971 until 2024, reaching an all time high of 71601.00 CAD Million in May of 2022 and a record low of 1366.00 CAD Million in February of 1971. This page provides the latest reported value for - Canada Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Exports - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Exports in Canada increased to 66110 CAD Million in November from 64680 CAD Million in October of 2024. Exports in Canada is expected to be 63100.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Exports is projected to trend around 64050.00 CAD Million in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-05 01:30 PM
Exports
Oct C$64.22B C$63.52B C$64.3B
2025-01-07 01:30 PM
Exports
Nov C$66.11B C$64.68B C$64.0B
2025-02-05 01:30 PM
Exports
Dec C$66.11B C$ 65.8B


Related Last Previous Unit Reference
Balance of Trade -320.00 -544.30 CAD Million Nov 2024
Capital Flows -7631.00 -5762.00 CAD Million Sep 2024
Current Account -3200.00 -4700.00 CAD Million Sep 2024
Current Account to GDP -0.60 -0.40 percent of GDP Dec 2023
Exports 66106.20 64681.80 CAD Million Nov 2024
External Debt 4284337.00 4195735.00 CAD Million Sep 2024
Foreign Direct Investment 27107.00 41641.00 CAD Million Sep 2024
Imports 66429.40 65226.10 CAD Million Nov 2024
Oil Exports 11370.80 10853.30 CAD Million Nov 2024
Terms of Trade 102.80 102.60 points Nov 2024
Tourist Arrivals 2252283.00 2882158.00 Oct 2024

Canada Exports
Exports account for more than 30 percent of the Canadian GDP. The biggest export products are energy (22%of total), crude oil and crude bitumen (14%), cars and parts (19%), and consumer goods (12%). The US is by far the largest destination for Canadian products (76 percent of total exports), followed by China (4.5 percent) and the United Kingdom (2.6 percent).
Actual Previous Highest Lowest Dates Unit Frequency
66106.20 64681.80 71601.00 1366.00 1971 - 2024 CAD Million Monthly


News Stream
Canada Exports Up to 9-Month High
Canadian exports rose by 2.2% to a nine-month high of CAD 66.1 billion in November 2024, after an upwardly revised CAD 64.7 billion the previous month. This marks the second consecutive monthly increase in exports, helped by a softer Canadian dollar, with 9 of the 11 product sections rising. Notable rises were seen in shipments of consumer goods (4.4%), primarily pharmaceutical products (+11.9%); metal and non-metallic mineral products (3.8%); energy products (2.1%) and metal ores and non-metallic minerals (10.5%). Exports to the US, the country’s largest trading partner, jumped by 6.8%, likely driven by the looming threat of imminent tariffs on Canadian goods under the Trump administration. Overseas sales to countries other than the United States slipped by 10.3% in November, driven by lower exports of unwrought gold to Hong Kong as well as of nickel to Norway.
2025-01-07
Canada Exports Up in October
Canadian exports rose by 1.1% to CAD 64.2 billion in October 2024, from revised CAD 63.5 billion the previous month. This marked the first increase in exports after three consecutive monthly declines, with gains recorded in only 3 of the 11 product sections. Exports of metal and non-metallic mineral products surged 10.6% in October, with unwrought gold, silver, and platinum group metals, and their alloys (+20.9%), contributing the most to the increase in this product section. Shipments of consumer goods rose by 4.7%, contributing to the overall increase, as pharmaceutical product exports rebounded sharply by 36.8% after two consecutive monthly declines. Most of this increase was attributable to larger shipments of medicaments to the US. Conversely, overseas sales fell for industrial machinery, equipment and parts (-3.7%), primarily commercial and service industry machinery (-31.5%), driven by reduced flight simulator exports to the U.S., while industrial machinery parts fell by 8.3%.
2024-12-05
Canada Exports Almost Unchanged in September
Canadian exports marginally declined by 0.1% to CAD 63.88 billion in September 2024, from a downwardly revised CAD 63.96 billion the previous month. Shipments fell for energy products (-2.6%) and metal & non-metallic mineral products (-5.4%), while it increased for farm, fishing and intermediate food products (+2.3%), forestry products, building & packaging materials (+5.3%) and aircraft, other transportation equipment & parts (+10.3%). Among destinations, sales decreased to Mexico (-14.5%), United Kingdom (-25.9%), South Korea (-10.5%) and Netherlands (-9.5%), while it increased to Japan (+13.4%), Germany (+28.2%) and India (+17.1%).
2024-11-05


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