Canadian international trade in services, November 2024
Released: 2025-01-07
$18.2 billion
November 2024
-0.2% 
(monthly change)
$18.5 billion
November 2024
-0.1%
(monthly change)
-$0.3 billion
November 2024
$84.3 billion
November 2024
1.7% 
(monthly change)
$84.9 billion
November 2024
1.4%
(monthly change)
-$0.6 billion
November 2024
Canada's monthly international trade in services deficit was essentially unchanged in November, at $0.3 billion. Overall, exports of services declined 0.2% to $18.2 billion, and imports of services edged down 0.1% to $18.5 billion.
Exports of commercial services decreased 1.8% to $10.3 billion in November, but this decline was largely offset by higher exports of travel services (+3.3%). The increase in travel services was mainly because of higher spending by US resident travellers in Canada.
Imports of commercial services declined 1.8% to $9.8 billion in November. Imports of transportation services rose 3.6% to $3.4 billion, largely due to higher payments for maritime transportation services for goods entering Canada.
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 exports of goods increased 2.2% to $66.1 billion in November, and total imports of goods were up 1.8% to $66.4 billion. This resulted in a narrowing of the goods trade deficit from $0.5 billion in October to $0.3 billion in November. Combined, the trade balance for goods and services amounted to a deficit of $0.6 billion in November.
Chart 2
International trade in services, balances
Chart 3
Contribution to the monthly change in exports, November 2024
Chart 4
Contribution to the monthly change in imports, November 2024
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Note to readers
Next release
Data on Canadian international trade in services for December 2024 will be released on February 5, 2025.
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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