International Trade in Goods and Services

Goods

The Canadian international merchandise trade statistics program measures the change in the stock of material resources in Canada resulting from the movement of merchandise into or out of the country. Information on imports and exports are inputs into the Canadian System of Macroeconomic Accounts—particularly in the balance of international payments and gross domestic product—and are used in the formulation of trade and budgetary policies. Governments, importers, exporters, manufacturers and shipping companies use international merchandise trade statistics to monitor import penetration and export performance, monitor commodity price and volume changes, and examine transport implications… (more)

Services

International transactions in services are a major component of the current account of the balance of international payments. Services are grouped under four major categories: travel, transportation, commercial services and government services. Such services, together with goods, compensation of employees, investment income and current transfers make up the current account of the balance of international payments… (more)

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