Overview In July 2022 Canada exported C$61.9B and imported C$60.8B, resulting in a positive trade balance of C$1.05B. Between July 2021 and July 2022 the exports of Canada have increased by C$14.2B (29.7%) from C$47.7B to C$61.9B, while imports increased by C$9.63B (18.8%) from C$51.2B to C$60.8B.
Trade In July 2022, the top exports of Canada were Crude Petroleum (C$15.4B), Cars (C$2.39B), Petroleum Gas (C$2.36B), Refined Petroleum (C$2.25B), and Gold (C$2.15B). In July 2022 the top imports of Canada were Cars (C$3.06B), Refined Petroleum (C$2.61B), Crude Petroleum (C$2.33B), Delivery Trucks (C$1.73B), and Commodities not elsewhere specified (C$1.69B).
Origins In July 2022 the exports of Canada were mainly from Alberta (C$18.6B), Ontario (C$18B), Quebec (C$8.85B), British Columbia (C$5.41B), and Saskatchewan (C$4.68B), while imports destinations were mainly Ontario (C$35.5B), Quebec (C$9.18B), British Columbia (C$6.31B), Alberta (C$3.41B), and Manitoba (C$2.32B).
Destinations In July 2022, Canada exported mostly to United States (C$47.7B), China (C$1.88B), Japan (C$1.7B), United Kingdom (C$1.54B), and South Korea (C$1.06B), and imported mostly from United States (C$30.2B), China (C$8.37B), Mexico (C$3.26B), Germany (C$1.77B), and Japan (C$1.4B).
Growth In July 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 July 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%).