Canadian international trade in services, February 2022
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Released: 2022-04-05
$11.6 billion
February 2022
2.8% 
(monthly change)
$11.9 billion
February 2022
0.1%
(monthly change)
-$0.3 billion
February 2022
$70.4 billion
February 2022
2.8%
(monthly change)
$68.0 billion
February 2022
3.2%
(monthly change)
$2.3 billion
February 2022
Canada's monthly international trade in services deficit narrowed from $628 million in January to $317 million in February. Overall, exports of services increased 2.8% to $11.6 billion, while imports edged up 0.1% to $11.9 billion.
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
Following a large decline in January, exports of travel services rebounded in February, increasing 15.5% to $1.8 billion, close to the December 2021 pandemic period high. Imports of travel services were down 0.7% to $1.2 billion.
Imports of transportation services rose 6.8% to $2.8 billion in February, mainly due to higher payments related to the marine shipment of goods. Exports of transportation services were up 8.7% to $1.3 billion, primarily due to higher receipts of passenger fares and other services related to air transportation. These same categories, for both imports and exports, were largely responsible for the decreases in transportation services in January.
Chart 2
International trade in services, exports
Chart 3
International trade in services, imports
Chart 4
International trade in services, balances
By comparison, total imports of goods increased 3.9% to $56.1 billion in February, and total exports of goods were up 2.8% to $58.7 billion, resulting in a surplus of $2.7 billion. Combined, the trade balance for goods and services amounted to a $2.3 billion surplus in February, a $148 million decline from a combined surplus of $2.5 billion in January.
Chart 5
International trade in goods and services, February 2022
The services trade deficit in January, originally reported at $314 million in the previous release, was revised to $628 million in the release for the current reference month. Exports of services were revised down by $259 million, on downward revisions to travel services. Imports of services were revised up by $54 million, as upward revisions to commercial services and transportation services were partially offset by a downward revision to travel services.
Note to readers
COVID-19 and additional data sources
Circumstances surrounding the COVID-19 pandemic pose issues for the production of monthly international trade in services statistics, particularly for travel and transportation services.
To better capture the effects of the pandemic, Statistics Canada is incorporating data from the Canada Border Services Agency's primary inspection kiosks into its monthly international trade-in-services program. These are electronic customs declaration kiosks that have been installed in most major Canadian airports. While these data represent only a subset of total travellers, they provide relevant and timely insights.
Further information on the estimation methodology is available upon request.
Products
The updated Canada and the World Statistics Hub (13-609-X) is available online. It illustrates the nature and extent of Canada's economic and financial relationship with the world using interactive charts and tables. This product 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 (13-607-X) is available.
The User Guide: Canadian System of Macroeconomic Accounts (13-606-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).
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