Canadian international trade in services, February 2025

Released: 2025-04-03

Canada's monthly international trade in services deficit widened from $0.6 billion in January to $0.7 billion in February. Overall, exports of services declined 1.6% to $17.7 billion, while imports of services were down 0.8% to $18.3 billion.

Exports of transportation services declined 7.7% to $1.9 billion in February, largely due to lower receipts of passenger fares. Exports of commercial services (-0.5%) and travel services (-1.3%) also recorded decreases.

Imports of commercial services decreased 2.0% to $10.0 billion in February, following an increase of 2.5% in January. Both the increase in January and the decrease in February were largely due to imports of financial services. Imports of travel services (+0.4%) rose slightly in February, as lower spending by Canadian-resident travellers in the United States was more than offset by higher spending by Canadian-resident travellers in non-US countries. The lower spending in the United States occurred as the number of Canadian-resident return trips from the United States recorded a steep decline on a year-over-year basis.

To explore the most recent results of Canada's international trade in services in an interactive format, see the International trade monthly interactive dashboard.

Chart 1 
International trade in services

Total exports of goods fell 5.5% to $70.1 billion in February, while total imports of goods were up 0.8% to $71.6 billion. This resulted in the goods trade balance going from a surplus of $3.1 billion in January to a deficit of $1.5 billion in February. Combined, the trade balance for goods and services amounted to a deficit of $2.2 billion in February.

Chart 2 
International trade in services, balances

Chart 3 
Contribution to the monthly change in exports, February 2025

Chart 4 
Contribution to the monthly change in imports, February 2025

Products

The updated Canada and the World Statistics Hub (Catalogue number13-609-X) is available online. This product illustrates the nature and extent of Canada's economic and financial relationship with the world using interactive charts and tables. It provides easy access to information on trade, investment, employment and travel between Canada and a number of countries, including the United States, Mexico, China, Japan, Belgium, Italy, the Netherlands and Spain.

The product "Canada's international trade and investment country fact sheet" (Catalogue number71-607-X) is also available.

The Methodological Guide: Canadian System of Macroeconomic Accounts (Catalogue number13-607-X) is available.

The User Guide: Canadian System of Macroeconomic Accounts (Catalogue number13-606-G) is also available. This publication will be updated to maintain its relevance.

Contact information

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