Table 1 
Merchandise trade: Canada's 10 principal trading partners – Balance-of-payments basis, seasonally adjusted, current dollars 

Merchandise trade: Canada's 10 principal trading partners – Balance-of-payments basis, seasonally adjusted, current dollars
  May 2023 April 2024r May 2024 April to May 2024 May 2023 to May 2024
  millions of dollarsmillions of dollarsmillions of dollars % change% change
Total exports 62,807 64,108 62,445 -2.6 -0.6
United States 48,605 48,274 48,647 0.8 0.1
China 2,637 2,377 2,517 5.9 -4.6
Mexico 884 887 833 -6.1 -5.8
Japan 1,322 1,613 1,096 -32.1 -17.1
United Kingdom 826 2,710 1,338 -50.6 62.0
Germany 672 419 430 2.7 -36.1
South Korea 651 589 613 4.0 -5.9
Netherlands 737 571 453 -20.7 -38.6
India 523 271 426 57.2 -18.5
Italy 118 267 202 -24.1 71.8
Total imports 65,289 65,431 64,372 -1.6 -1.4
United States 40,771 41,163 40,450 -1.7 -0.8
China 5,154 5,224 5,136 -1.7 -0.4
Mexico 2,435 2,431 2,396 -1.4 -1.6
Japan 1,307 1,191 1,266 6.2 -3.2
United Kingdom 1,181 1,037 741 -28.5 -37.2
Germany 1,751 1,746 1,621 -7.1 -7.4
South Korea 794 1,251 1,190 -4.9 49.9
Netherlands 498 533 505 -5.3 1.4
India 491 532 479 -10.0 -2.5
Italy 763 831 873 5.1 14.5
Trade balance -2,483 -1,323 -1,927 ... ...
United States 7,834 7,110 8,196 ... ...
China -2,517 -2,847 -2,619 ... ...
Mexico -1,551 -1,544 -1,564 ... ...
Japan 15 422 -170 ... ...
United Kingdom -355 1,673 596 ... ...
Germany -1,078 -1,327 -1,191 ... ...
South Korea -142 -662 -577 ... ...
Netherlands 239 38 -52 ... ...
India 32 -261 -52 ... ...
Italy -645 -564 -671 ... ...
r
revised
...
not applicable
Note(s):
  • Totals may not equal the sum of their components as a result of rounding.
  • Countries listed are Canada's top 10 principal trading partners based on annual 2022 total merchandise trade data.
Source(s):
Date modified: