In 2022, the value of Canada's annual merchandise exports increased 22.5% to $779.2 billion, while the value of annual imports rose 19.9% to $757.4 billion. As a result, Canada's merchandise trade surplus with the world widened from $4.6 billion in 2021 to $21.8 billion in 2022. Compared with the value of total trade (imports and exports combined, totalling $1.54 trillion), the trade surplus represented about 0.01% of the total trade value in 2022.
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