Canadian international trade in services, September 2024
Released: 2024-11-05
$17.2 billion
September 2024
1.6% 
(monthly change)
$18.4 billion
September 2024
0.3%
(monthly change)
-$1.2 billion
September 2024
$81.1 billion
September 2024
0.2%
(monthly change)
$83.5 billion
September 2024
-0.3% 
(monthly change)
-$2.5 billion
September 2024
Canada's monthly international trade in services deficit narrowed from $1.4 billion in August to $1.2 billion in September. Overall, exports of services increased 1.6% to $17.2 billion, and imports of services were up 0.3% to $18.4 billion.
Exports of commercial services were the main contributor to the overall increase, rising 1.9% to $11.3 billion in September. Exports of travel services (+1.0%) and transportation services (+1.0%) also increased during the month.
Imports of commercial services were up 1.2% to $10.1 billion in September, mainly because of higher payments for financial services. Imports of transportation services declined 2.9% to $2.9 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
Total imports of goods declined 0.4% to $65.1 billion in September, and total exports of goods edged down 0.1% to $63.9 billion. This resulted in a narrowing of the goods trade deficit from $1.5 billion in August to $1.3 billion in September. Combined, the trade balance for goods and services amounted to a deficit of $2.5 billion in September.
Chart 2
International trade in services, balances
Chart 3
Contribution to the monthly change in exports, September 2024
Chart 4
Contribution to the monthly change in imports, September 2024
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Note to readers
Next release
Data on Canadian international trade in services for October will be released on December 5.
Products
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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