Canadian international trade in services, May 2025
Released: 2025-07-03
$17.9 billion
May 2025
-0.2% 
(monthly change)
$18.6 billion
May 2025
1.8% 
(monthly change)
-$0.8 billion
May 2025
$78.7 billion
May 2025
0.8%
(monthly change)
$85.3 billion
May 2025
-0.8%
(monthly change)
-$6.6 billion
May 2025
Canada's monthly international trade in services deficit widened from $0.4 billion in April to $0.8 billion in May. Overall, imports of services rose 1.8% to $18.6 billion, and exports of services edged down 0.2% to $17.9 billion.
Imports of commercial services were up 4.2% to $10.8 billion in May, led by an increase in imports of financial services. Imports of travel services fell 2.7% to $4.5 billion in May, while spending by Canadian residents travelling in the United States declined for a third consecutive month. Imports of transportation services (+0.9%) also increased.
Exports of commercial services declined 0.5% to $10.6 billion in May, largely due to a decrease in exports of financial services. Exports of travel services (-0.4%) also declined, while an increase in transportation services (+1.7%) partially offset the overall decrease in exports.
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 1.1% to $60.8 billion in May, and total imports of goods declined 1.6% to $66.7 billion. This resulted in the goods trade deficit narrowing from $7.6 billion in April to $5.9 billion in May. Combined, the trade balance for goods and services amounted to a deficit of $6.6 billion in May.
Chart 2
International trade in services, balances
Chart 3
Contribution to the monthly change in imports, May 2025
Chart 4
Contribution to the monthly change in exports, May 2025
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Note to readers
Next release
Data on Canadian international trade in services for June will be released on August 5.
Products
The updated Canada and the World Statistics Hub (13-609-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" (71-607-X) is also available.
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
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