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Canadian international trade in services, July 2023

Released: 2023-09-06

Canada's monthly international trade in services deficit widened from $1.1 billion in June to $1.4 billion in July. Overall, imports of services were up 1.7% to $16.4 billion, while exports of services edged down 0.3% to $15.0 billion.

The increase in imports was led by higher payments of travel services (+13.6%) predominately made by Canadian travellers returning from the United States. This increase was partially offset by lower imports of transportation services (-9.9%), as the British Columbia marine port strike and its effects on the imports of goods reduced payments for marine transportation services. The decrease in exports was mainly due to lower exports of commercial services (-0.4%), mainly in the form of financial services.

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  Chart 1: International trade in services
International trade in services

Total imports of goods decreased 5.4% from June to $61.4 billion in July, and total exports of goods were up 0.7% to $60.4 billion, resulting in a deficit of $1.0 billion in July. Combined, the trade balance for goods and services amounted to a deficit of $2.4 billion in July compared with a deficit of $6.0 billion in June.

The services trade deficit in June, originally reported at $1.0 billion in the previous release, was revised up to $1.1 billion with this month's release, as imports (+$454 million) and exports (+$360 million) were revised up. The revisions reflected with this month's release are primarily due to the integration of quarterly benchmark data from the balance of payments for the second quarter, as well as revisions to the data for the first quarter.

Chart 2  Chart 2: International trade in services, balances
International trade in services, balances

Chart 3  Chart 3: Contribution to the monthly change in imports, July 2023
Contribution to the monthly change in imports, July 2023

Chart 4  Chart 4: Contribution to the monthly change in exports, July 2023
Contribution to the monthly change in exports, July 2023

  Note to readers

Next release

Data on Canadian international trade in services for August will be released on October 5.


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; or Media Relations (

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