Canadian international trade in services, March 2023

Released: 2023-05-04

Canada's monthly international trade in services deficit was essentially unchanged in March, at $2.0 billion. Overall, exports of services were up 0.2% to $14.0 billion, as an increase in commercial services (+0.6%) was moderated by a decline in travel services (-1.0%). Imports edged up 0.1% to $16.0 billion, reflecting higher commercial services (+1.0%), which was partially offset by lower transportation services (-2.8%).

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 
International trade in services

In March, total imports of goods decreased 2.9% from February to $62.6 billion, and total exports of goods were down 0.7% to $63.6 billion, resulting in a surplus of $1.0 billion. Combined, the trade balance for goods and services amounted to a deficit of $1.0 billion in March, compared with a deficit of $2.5 billion in February.

Chart 2 
International trade in services, balances

Chart 3 
Contribution to the monthly change in exports, March 2023

Chart 4 
Contribution to the monthly change in imports, March 2023

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, the United Kingdom, Mexico, China, Japan, Belgium, Italy, the Netherlands and Spain.

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).