[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · CAN · 2024
Canada trade profile
In 2024, Canada recorded $572.2B in merchandise exports and $547.2B in imports, producing a $25.0B trade surplus. Exports changed -1.3% from the previous year, while imports changed -2.1%.[1]
Exports
$572.2B
-1.3%
Imports
$547.2B
-2.1%
Trade balance
$25.0B
surplus
Active partners
270
51 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$145.7B
HS 27 · Mineral fuels and oils
43 active HS6 lines · 158 export partners
2$56.5B
HS 87 · Vehicles
87 active HS6 lines · 184 export partners
3$47.4B
HS 71 · Precious metals and stones
51 active HS6 lines · 140 export partners
4$43.2B
HS 84 · Machinery
515 active HS6 lines · 192 export partners
5$17.6B
HS 85 · Electrical machinery
262 active HS6 lines · 190 export partners
6$16.2B
HS 39 · HS chapter
129 active HS6 lines · 189 export partners
7$14.4B
HS 88 · HS chapter
15 active HS6 lines · 163 export partners
8$13.3B
HS 44 · HS chapter
102 active HS6 lines · 155 export partners
Leading export markets
Destinations rank bilateral export flows from Canada; growth describes each corridor rather than the whole economy.
1$413.1B
United States
Annual change -3.3% · 3-year CAGR 4.4%
2$33.0B
China
Annual change -0.5% · 3-year CAGR 8.2%
3$22.2B
United Kingdom
Annual change +76.5% · 3-year CAGR 18.3%
4$11.3B
Japan
Annual change -9.4% · 3-year CAGR -2.8%
5$9.8B
Mexico
Annual change -3.1% · 3-year CAGR 2.4%
6$6.2B
Switzerland
Annual change +22.6% · 3-year CAGR 28.8%
7$5.9B
South Korea
Annual change +8.7% · 3-year CAGR 2.7%
8$5.7B
Germany
Annual change -5.0% · 3-year CAGR -0.2%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.