Overview In January 2024 Canada exported C$56.3B and imported C$55.5B, resulting in a positive trade balance of C$732M. Between January 2023 and January 2024 the exports of Canada have decreased by C$-4.78B (-7.83%) from C$61.1B to C$56.3B, while imports decreased by C$-2.91B (-4.98%) from C$58.5B to C$55.5B.
Trade In January 2024, the top exports of Canada were Crude Petroleum (C$11.3B), Cars (C$3.55B), Petroleum Gas (C$2.45B), Gold (C$2.27B), and Refined Petroleum (C$2.01B). In January 2024 the top imports of Canada were Cars (C$3.18B), Motor vehicles; parts and accessories (8701... (C$2.14B), Refined Petroleum (C$1.71B), Delivery Trucks (C$1.58B), and Crude Petroleum (C$1.49B).
Origins In January 2024 the exports of Canada were mainly from Ontario (C$19.5B), Alberta (C$15.4B), Quebec (C$8.68B), British Columbia (C$4.35B), and Saskatchewan (C$3.55B), while imports destinations were mainly Ontario (C$33.3B), Quebec (C$7.91B), British Columbia (C$5.54B), Alberta (C$2.96B), and Manitoba (C$2.42B).
Destinations In January 2024, Canada exported mostly to United States (C$43.9B), China (C$1.97B), United Kingdom (C$1.44B), Japan (C$1.22B), and South Korea (C$734M), and imported mostly from United States (C$27.5B), China (C$6.39B), Mexico (C$3.36B), Germany (C$1.8B), and Japan (C$1.64B).
Growth In January 2024, the decrease in Canada's year-by-year exports was explained primarily by an decrease in exports to United States (C$-2.2B or -4.76%), China (C$-606M or -23.5%), and Switzerland (C$-364M or -66.2%), and product exports decrease in Petroleum Gas (C$-1.21B or -33.1%), Potassic Fertilizers (C$-623M or -52.7%), and Wheat (C$-556M or -39.9%). In January 2024, the decrease in Canada's year-by-year imports was explained primarily by an decrease in imports from China (C$-1.27B or -16.6%), United States (C$-1.06B or -3.7%), and Saudi Arabia (C$-190M or -98.6%), and product imports decrease in Other Heating Machinery (C$-549M or -72.4%), Petroleum Gas (C$-302M or -45.5%), and Delivery Trucks (C$-246M or -13.5%).
