Table 1
Merchandise trade: Canada's 10 principal trading partners – Balance-of-payments basis, seasonally adjusted, current dollars
| January 2023r | December 2023r | January 2024 | December 2023 to January 2024 | January 2023 to January 2024 | |
|---|---|---|---|---|---|
| millions of dollars | millions of dollars | millions of dollars | % change | % change | |
| Total exports | 67,345 | 63,372 | 62,285 | -1.7 | -7.5 |
| United States | 50,669 | 48,611 | 48,146 | -1.0 | -5.0 |
| China | 3,049 | 2,522 | 2,366 | -6.2 | -22.4 |
| Mexico | 756 | 663 | 720 | 8.5 | -4.8 |
| Japan | 1,491 | 1,325 | 1,318 | -0.6 | -11.6 |
| United Kingdom | 1,729 | 1,548 | 1,533 | -1.0 | -11.3 |
| Germany | 697 | 625 | 488 | -22.0 | -30.0 |
| South Korea | 564 | 637 | 767 | 20.5 | 36.0 |
| Netherlands | 543 | 635 | 566 | -10.9 | 4.1 |
| India | 414 | 565 | 650 | 15.0 | 57.0 |
| Italy | 232 | 364 | 184 | -49.4 | -20.7 |
| Total imports | 65,729 | 64,235 | 61,789 | -3.8 | -6.0 |
| United States | 41,506 | 40,031 | 39,352 | -1.7 | -5.2 |
| China | 5,316 | 4,985 | 4,462 | -10.5 | -16.1 |
| Mexico | 2,412 | 2,398 | 2,356 | -1.8 | -2.3 |
| Japan | 1,055 | 1,621 | 1,509 | -6.9 | 43.1 |
| United Kingdom | 1,094 | 732 | 691 | -5.7 | -36.9 |
| Germany | 1,851 | 1,639 | 1,609 | -1.8 | -13.1 |
| South Korea | 866 | 1,381 | 949 | -31.3 | 9.5 |
| Netherlands | 561 | 487 | 454 | -6.8 | -19.2 |
| India | 465 | 452 | 437 | -3.5 | -6.2 |
| Italy | 929 | 852 | 716 | -16.0 | -23.0 |
| Trade balance | 1,616 | -863 | 496 | ... | ... |
| United States | 9,164 | 8,580 | 8,794 | ... | ... |
| China | -2,267 | -2,464 | -2,096 | ... | ... |
| Mexico | -1,656 | -1,735 | -1,636 | ... | ... |
| Japan | 436 | -296 | -192 | ... | ... |
| United Kingdom | 635 | 816 | 842 | ... | ... |
| Germany | -1,154 | -1,014 | -1,121 | ... | ... |
| South Korea | -302 | -745 | -181 | ... | ... |
| Netherlands | -18 | 148 | 112 | ... | ... |
| India | -51 | 113 | 213 | ... | ... |
| Italy | -697 | -488 | -531 | ... | ... |
r
revised
...
not applicable
Note(s):
- Totals may not equal the sum of their components as a result of rounding.
- Countries listed are Canada's top 10 principal trading partners based on annual 2022 total merchandise trade data.
Source(s):
Table 12-10-0011-01.
- Date modified: