Canadian international trade in services, January 2025

Released: 2025-03-06

Canada's monthly international trade in services deficit widened to $0.8 billion in January. Overall, exports of services declined 1.1% to $17.7 billion, while imports of services were down 0.4% to $18.5 billion.

Exports of travel services declined 3.2% to $5.2 billion in January. Exports of commercial services were down slightly (-0.4%), while transportation services rose slightly (+0.5%).

Imports of travel services declined 5.3% to $4.8 billion in January, largely due to lower spending by Canadian resident travellers in the United States. Imports of commercial services increased 2.2% to $10.2 billion in January, mainly due to higher imports of financial services, and partially offset the overall decrease in imports.

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 5.5% to $74.5 billion in January, and total imports of goods were up 2.3% to $70.5 billion. This resulted in the goods trade surplus increasing from $1.7 billion in December 2024 to $4.0 billion in January 2025. Combined, the trade balance for goods and services amounted to a surplus of $3.2 billion in January.

Chart 2 
International trade in services, balances

Chart 3 
Contribution to the monthly change in exports, January 2025

Chart 4 
Contribution to the monthly change in imports, January 2025

Products

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, Mexico, China, Japan, Belgium, Italy, the Netherlands and Spain.

The product "Canada's international trade and investment country fact sheet" (Catalogue number71-607-X) is also available.

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; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).