The Daily
|
 In the news  Indicators  Releases by subject
 Special interest  Release schedule  Information

Canadian international trade in services, March 2025

Released: 2025-05-06

Canada's monthly international trade in services deficit narrowed from $0.6 billion in February to $0.4 billion in March. Overall, imports of services declined 0.9% to $18.1 billion, while exports of services edged up 0.3% to $17.7 billion.

Imports of transportation services fell 5.3% to $3.1 billion in March, as services related to the transportation of goods declined alongside lower imports of goods. Imports of travel services declined 2.9% to $4.7 billion in March, due to lower spending by Canadian-resident travellers in the United States. Imports of commercial services increased 1.5% to $10.2 billion in March, led by higher imports of financial services.

Exports of transportation services were up 3.6% to $2.0 billion in March, while exports of commercial services edged down 0.2% to $10.2 billion.

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  Chart 1: International trade in services
International trade in services

Total imports of goods declined 1.5% to $70.4 billion in March and total exports of goods edged down 0.2% to $69.9 billion. This resulted in the goods trade deficit narrowing from $1.4 billion in February to $0.5 billion in March. Combined, the trade balance for goods and services amounted to a deficit of $0.9 billion in March.

Chart 2  Chart 2: International trade in services, balances
International trade in services, balances

Chart 3  Chart 3: Contribution to the monthly change in imports, March 2025
Contribution to the monthly change in imports, March 2025

Chart 4  Chart 4: Contribution to the monthly change in exports, March 2025
Contribution to the monthly change in exports, March 2025

Did you know we have a mobile app?

Download our mobile app and get timely access to data at your fingertips! The StatsCAN app is available for free on the App Store and on Google Play.



  Note to readers

Next release

Data on Canadian international trade in services for April will be released on June 5.

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

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).

Date modified: