Table 1
Merchandise trade: Canada's 10 principal trading partners – Balance-of-payments basis, seasonally adjusted, current dollars
| January 2024r | December 2024r | January 2025 | December 2024 to January 2025 | January 2024 to January 2025 | |
|---|---|---|---|---|---|
| millions of dollars | millions of dollars | millions of dollars | % change | % change | |
| Total exports | 61,886 | 70,593 | 74,464 | 5.5 | 20.3 |
| United States | 47,535 | 54,152 | 58,195 | 7.5 | 22.4 |
| China | 2,300 | 2,271 | 3,070 | 35.1 | 33.5 |
| Mexico | 786 | 760 | 749 | -1.5 | -4.7 |
| Japan | 1,309 | 1,368 | 1,305 | -4.6 | -0.3 |
| Germany | 484 | 773 | 640 | -17.1 | 32.2 |
| United Kingdom | 1,693 | 2,532 | 2,760 | 9.0 | 63.0 |
| South Korea | 750 | 680 | 483 | -29.0 | -35.6 |
| Netherlands | 560 | 608 | 570 | -6.3 | 1.7 |
| Switzerland | 200 | 638 | 91 | -85.8 | -54.7 |
| Italy | 182 | 415 | 300 | -27.7 | 64.8 |
| Total imports | 61,771 | 68,933 | 70,492 | 2.3 | 14.1 |
| United States | 39,416 | 41,850 | 43,801 | 4.7 | 11.1 |
| China | 4,559 | 5,335 | 5,369 | 0.6 | 17.8 |
| Mexico | 2,387 | 2,599 | 2,652 | 2.1 | 11.1 |
| Japan | 1,474 | 1,431 | 1,450 | 1.3 | -1.6 |
| Germany | 1,586 | 1,634 | 1,604 | -1.8 | 1.1 |
| United Kingdom | 675 | 659 | 957 | 45.3 | 41.7 |
| South Korea | 962 | 1,380 | 1,445 | 4.7 | 50.2 |
| Netherlands | 440 | 517 | 685 | 32.5 | 55.8 |
| Switzerland | 785 | 625 | 763 | 22.2 | -2.9 |
| Italy | 713 | 860 | 811 | -5.7 | 13.7 |
| Trade balance | 115 | 1,659 | 3,973 | ... | ... |
| United States | 8,119 | 12,302 | 14,395 | ... | ... |
| China | -2,259 | -3,064 | -2,299 | ... | ... |
| Mexico | -1,602 | -1,839 | -1,903 | ... | ... |
| Japan | -165 | -63 | -145 | ... | ... |
| Germany | -1,102 | -861 | -964 | ... | ... |
| United Kingdom | 1,017 | 1,873 | 1,803 | ... | ... |
| South Korea | -212 | -700 | -962 | ... | ... |
| Netherlands | 120 | 91 | -116 | ... | ... |
| Switzerland | -585 | 14 | -672 | ... | ... |
| Italy | -531 | -446 | -511 | ... | ... |
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 2023 total merchandise trade data.
Source(s):
Table 12-10-0011-01.
- Date modified: