Canada / China

Overview In January 2024, Canada exported C$1.97B and imported C$6.39B from China, resulting in a negative trade balance of C$4.42B. Between January 2023 and January 2024 the exports of Canada have decreased by C$-606M (-23.5%) from C$2.58B to C$1.97B, while imports decreased by C$-1.27B (-16.6%) from C$7.66B to C$6.39B.

Trade In January 2024, the top exports of Canada to China were Rapeseed (C$326M), Soybeans (C$234M), Iron Ore (C$234M), Coal Briquettes (C$226M), and Sulfate Chemical Woodpulp (C$187M). In January 2024 the top imports of Canada from China were Telephones (C$892M), Computers (C$494M), Other Heating Machinery (C$452M), Motor vehicles; parts and accessories (8701... (C$195M), and Other Furniture (C$138M).

Origins In January 2024 the exports of Canada were mainly from British Columbia (C$476M), Quebec (C$333M), Alberta (C$312M), Saskatchewan (C$300M), and Ontario (C$209M), while imports destinations were mainly Ontario (C$3.76B), British Columbia (C$1.22B), Quebec (C$892M), Alberta (C$332M), and Manitoba (C$109M).

Growth In January 2024, the decrease in Canada's year-by-year exports to China was explained primarily by an decrease in product exports in Coal Briquettes (C$-56.8M or -20.1%), Wheat (C$-16.8M or -16.2%), and Rough Wood (C$-15.7M or -49.6%). In January 2024, the decrease in Canada's year-by-year imports  from China was explained primarily by an decrease in product imports  in Laboratory Reagents (C$-180M or -99%), Electric Generating Sets (C$-118M or -89.5%), and Computers (C$-86.8M or -14.9%).