The year 2023 was marked by strong growth in exports and imports of commercial services by enterprises in Canada. Exports increased 12.0% year over year to $134.7 billion, while imports rose 8.8% to $125.0 billion. In comparison, movements in the value of goods exported and imported in 2023 were more moderate, with exports down by 1.6% and imports up by 1.0%.
The primary focus of this release is to look at commercial services trade from the lens of the enterprises in Canada involved in this growing activity and provide further insights on the nature of these firms that are not reported through the regular international trade in services and balance of international payments releases.
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