Canada Net Trade (Goods & Services, BoP)
Canada's net trade (goods & services, bop) fell to $-5.95 billion in 2024, down from $1.36 billion in 2023, according to World Bank. This represents a decrease of 538.8% ($7.3 billion) from the previous year. Canada has net trade (goods & services, bop) lower than the global median (-$5.95 billion vs median -$215.12 million). Compared with the median in Americas, Canada is lower (-$5.95 billion vs regional median -$131.64 million) and ranks 32nd out of 39 countries in Americas.
Yearly Historical Data (1960-2024)
(in Billion USD)Canada Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Canada, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.