Overview: In November 2020 Canada exported C$43B and imported C$48.2B, resulting in a negative trade balance of C$5.17B. Between November 2019 and November 2020 the exports of Canada have decreased by C$-1.12B (-2.55%) from C$44.2B to C$43B, while imports increased by C$232M (0.48%) from C$48B to C$48.2B.
Trade: In November 2020, the top exports of Canada were Crude Petroleum (C$5.16B), Cars (C$4.34B), Gold (C$2.61B), Vehicle Parts (C$1.14B), and Sawn Wood (C$997M). In November 2020 the top imports of Canada were Cars (C$2.84B), Vehicle Parts (C$1.98B), Telephones (C$1.65B), Commodities not elsewhere specified (C$1.51B), and Computers (C$1.26B).
Origins: In November 2020 the exports of Canada were mainly from Ontario (C$18B), Alberta (C$7.7B), Quebec (C$7.44B), British Columbia (C$3.54B), and Saskatchewan (C$2.72B), while imports destinations were mainly Ontario (C$31B), Quebec (C$6.52B), British Columbia (C$4.71B), Alberta (C$1.95B), and Manitoba (C$1.66B).
Destinations: In November 2020, Canada exported mostly to United States (C$30.2B), United Kingdom (C$2.69B), China (C$2.02B), Japan (C$1.15B), and Mexico (C$630M), and imported mostly from United States (C$22.4B), China (C$7.66B), Mexico (C$2.92B), Germany (C$1.42B), and Japan (C$1.27B).
Growth: In November 2020, the decrease in Canada's year-by-year exports was explained primarily by an decrease in exports to United States (C$-1.9B or -5.93%), Hong Kong (C$-327M or -73.3%), and Saudi Arabia (C$-271M or -90%), and product exports decrease in Crude Petroleum (C$-1.41B or -21.4%), Refined Petroleum (C$-642M or -47.2%), and Delivery Trucks (C$-293M or -67.4%). In November 2020, the increase in Canada's year-by-year imports was explained primarily by an increase in imports from China (C$1.36B or 21.6%), Switzerland (C$231M or 59.2%), and Vietnam (C$157M or 22.6%), and product imports increase in Commodities not elsewhere specified (C$490M or 47.9%), Precious Metal Scraps (C$298M or 198%), and Silver (C$196M or 324%).