Overview In August 2022 Canada exported C$62.5B and imported C$64.5B, resulting in a negative trade balance of C$1.98B. Between August 2021 and August 2022 the exports of Canada have increased by C$12.3B (24.6%) from C$50.2B to C$62.5B, while imports increased by C$12.1B (23.1%) from C$52.4B to C$64.5B.
Trade In August 2022, the top exports of Canada were Crude Petroleum (C$15.2B), Cars (C$2.99B), Petroleum Gas (C$2.51B), Refined Petroleum (C$2B), and Potassic Fertilizers (C$1.71B). In August 2022 the top imports of Canada were Cars (C$3.1B), Refined Petroleum (C$2.71B), Crude Petroleum (C$2.09B), Motor vehicles; parts and accessories (8701... (C$1.99B), and Delivery Trucks (C$1.92B).
Origins In August 2022 the exports of Canada were mainly from Ontario (C$19.2B), Alberta (C$18.7B), Quebec (C$8.67B), British Columbia (C$5.76B), and Saskatchewan (C$4.51B), while imports destinations were mainly Ontario (C$37.3B), Quebec (C$9.54B), British Columbia (C$7.46B), Alberta (C$3.62B), and Manitoba (C$2.41B).
Destinations In August 2022, Canada exported mostly to United States (C$49.2B), China (C$2.15B), Japan (C$1.33B), United Kingdom (C$1.24B), and Germany (C$808M), and imported mostly from United States (C$31.8B), China (C$9.53B), Mexico (C$3.26B), Germany (C$1.76B), and Japan (C$1.45B).
Growth In August 2022, the increase in Canada's year-by-year exports was explained primarily by an increase in exports to China (C$519M or 32.2%), Saudi Arabia (C$263M or 101%), and Switzerland (C$156M or 125%), and product exports increase in Sawn Wood (C$701M or 129%), Petroleum Gas (C$429M or 40.7%), and Iron Ore (C$355M or 74.2%). In August 2022, the increase in Canada's year-by-year imports was explained primarily by an increase in imports from China (C$899M or 16.1%), Vietnam (C$166M or 27.9%), and South Korea (C$122M or 18.7%), and product imports increase in Computers (C$261M or 27.4%), Telephones (C$254M or 29.2%), and Gold (C$221M or 29.2%).