Canada records first trade surplus since 2008

Warning View the most recent version.

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please "contact us" to request a format other than those available.

In 2011, Canada recorded its first annual trade surplus since 2008.

Canada's export performance, particularly in the second half of the year, took its annual trade balance to a surplus of $2.3 billion in 2011 from a deficit of $9.0 billion in 2010. Energy products make up a substantial component of Canada's trade balance. Increased exports of energy products contributed a surplus of $60.1 billion to the overall trade balance in 2011.

Canada's trade surplus with the United States increased to $50.0 billion in 2011 from $36.7 billion in 2010. Increased export levels of crude petroleum to the United States in 2011 contributed to the surplus.

Canada's trade deficit with countries other than the United States grew to $47.7 billion in 2011 from $45.7 billion in 2010.

Chart 20.3 Total merchandise exports and imports
View data source for chart 20.3

Report a problem on this page

Is something not working? Is there information outdated? Can't find what you're looking for?

Please contact us and let us know how we can help you.

Privacy notice

Date modified: