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As a result, in Q2 2021, commercial services exports and imports stood at 5.3% and 7.1% above their Q4 2019 levels, respectively. Geographically, bilateral services trade with the United States and the European Union improved in Q2 2021, year-over-year. But services exports to China were 34.3% lower when compared to the same quarter a year ago.
- Highlights
- Overviewfootnote 1
- Strengthened Commodity Prices Led to Growth in Many Sectors
- Regional Summary
Canada’s merchandise trade posted historical growth in 2021. Exports were up 20.8% compared to 2020 to reach $631 billion in value, a 6.6% increase over the pre-pandemic record high in 2019; import...While prices also impacted imports, most of the growth in exports in 2021 was due to strengthened commodity prices. In real terms, Canadian exports and imports were up by 1.2% and 9.2% from 2020, r...Exports improved in every product sector except for motor vehicles and parts, with growth mainly driven by exports of energy, forestry, and metal and non-metallic mineral products. On the import si...Compared to the year prior, bilateral trade improved with every major region in 2021. Higher trade with the United States was the main reason for the overall growth, but there was also large growth...After recording the second largest one-year decline on record in 2020 (the largest was in 2009), Canada’s merchandise exports and imports both posted historical growth in 2021, increasing by 20.8% and 13.0%, respectively. As a result, both Canadian exports and imports surpassed their respective pre-pandemic levels and reached new record highs (see ...
In 2021, the value of Canadian merchandise exports increased by over $108 billion to $631 billion. This represents a 20.8% increase over 2020 and a 6.6% increase over the pre-pandemic previous record high in 2019. However, this historical growth was largely due to strengthened commodity prices, especially resource products such as crude oil and lum...
Canadian merchandise trade improved with every major region in 2021, and also grew with 159 out of 224 trading partners (see Figure 5). In value terms, the historical growth in Canada’s merchandise exports last year was almost entirely due to the recovery in exports to the United States. Besides the United States, exports to all regions recorded do...
Aug 31, 2021 · Substantial declines in home resale activities and exports pushed real gross domestic product down 0.3% in the second quarter of 2021. This contrasted with three consecutive quarterly increases that followed the sharp decline ( -1 1.3%) caused by pandemic-related business shutdowns and travel restrictions in the second quarter of 2020.
Canada exports for 2023 was $717.71B, a 1.89% decline from 2022. Canada exports for 2022 was $731.56B, a 16.74% increase from 2021. Canada exports for 2021 was $626.66B, a 28.42% increase from 2020. Canada exports for 2020 was $487.99B, a 13.5% decline from 2019.
Nov 3, 2021 · The first six months of 2021 saw non-agglomerated iron ores and concentrates reclaim its place as the top export product ($1.25 billion, +29.7% YTD vs. 2020). This was followed by bituminous coal ($1.18 billion, +184.6% YTD vs. 2020), amid a dramatic surge in Canadian coal exports to China (of which bituminous coal is one part).
Canada’s fish and seafood exports were worth $8.79B Footnote 1 in 2021, a 36 per cent increase over 2020 and an 18 per cent increase over the previous high in 2019. Quantity of exports was 613 thousand tonnes, a 8 percent increase from 2020, while average fish and seafood export prices increased 26 per cent over 2020.
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The Canadian International Merchandise Trade (CIMT) Web Application offers detailed trade data using the Harmonized System (HS) classification of goods (based on the 8-digit and 10-digit commodity level for exports and imports, respectively). Search using a combination of variables such as: trading partner, province, state, year, month and commodity.
