Canada / Portugal

Overview In January 2024, Canada exported C$20.5M and imported C$61.2M from Portugal, resulting in a negative trade balance of C$40.7M. Between January 2023 and January 2024 the exports of Canada have decreased by C$-52.6M (-72%) from C$73.1M to C$20.5M, while imports decreased by C$-9.43M (-13.4%) from C$70.6M to C$61.2M.

Trade In January 2024, the top exports of Canada to Portugal were Planes, Helicopters, and/or Spacecraft (C$66.5M), Chlorates and Perchlorates (C$1.61M), Dried Legumes (C$527k), Electric Furnaces (C$499k), and Newsprint (C$469k). In January 2024 the top imports of Canada from Portugal were Leather Footwear (C$5.68M), Rubber Tires (C$4.68M), Wine (C$4.32M), Knit T-shirts (C$4.29M), and Knit Sweaters (C$3.24M).

Origins In January 2024 the exports of Canada were mainly from Ontario (C$13.3M), Alberta (C$3.4M), Quebec (C$1.72M), Saskatchewan (C$1.14M), and British Columbia (C$472k), while imports destinations were mainly Quebec (C$25.9M), Ontario (C$25.7M), British Columbia (C$5.26M), Alberta (C$2.37M), and Saskatchewan (C$876k).

Growth In January 2024, the decrease in Canada's year-by-year exports to Portugal was explained primarily by an decrease in product exports in Dried Legumes (C$-511k or -49.2%), Detonating Fuses (C$-205k or -67.9%), and Mill Machinery (C$-201k or -94.2%). In January 2024, the decrease in Canada's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in House Linens (C$-1.99M or -65%), Wine (C$-1.25M or -22.4%), and Other Small Iron Pipes (C$-701k or -93.7%).