Canada: Net trade in goods (current US$, BoP)

Key figures

What the numbers say

In 2025, Canada's net trade in goods (current US$, BoP) fell US$17.76 billion on 2024 (from −US$5.28 billion to −US$23.04 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was −US$664.03 million and a typical year strayed about US$14.64 billion from that (the standard deviation). This year's change was 1.2 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$33.23 billion in 2021 and the biggest yearly fall was US$48.73 billion in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Canada had the 122nd highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Canada in the 2025 ranking

• Israel — 119th of 136: −US$17.9 billion
• Croatia — 120th of 136: −US$21.93 billion
• Bangladesh — 121st of 136: −US$22.22 billion
• Pakistan — 123rd of 136: −US$31.09 billion
• Morocco — 124th of 136: −US$33.46 billion
• Portugal — 125th of 136: −US$34.18 billion

What this measures

The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 66 values

Net trade in goods (current US$, BoP) in nearby economies

• Bermuda — −US$1.27 billion (2025)
• United States — −US$1.26 trillion (2025)

More economic policy & debt data for Canada

• Trade in services (% of GDP) — 14.75% (2025)
• Communications, computer, etc. (% of service imports, BoP) — 48.08% (2025)
• Primary income payments (BoP, current US$) — US$196.83 billion (2025)
• Imports of goods and services (current US$, BoP) — US$747.73 billion (2025)
• Goods imports (current US$, BoP) — US$577.62 billion (2025)
• Service imports (current US$, BoP) — US$170.11 billion (2025)
• Imports of goods, services and primary income (current US$, BoP) — US$944.56 billion (2025)
• Transport services (% of service imports, BoP) — 16.84% (2025)
• Travel services (% of service imports, BoP) — 25.55% (2025)

Reading data like this

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Questions people ask

What is Canada's net trade in goods (current US$, BoP)?

−US$23.04 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is down 19,115% from −US$119.9 million in 1960. The highest value was US$50.58 billion in 2005 and the lowest −US$30.28 billion in 2020.

How does Canada rank?

122nd highest of 136 economies with data for 2025.

Is the latest change in net trade in goods (current US$, BoP) unusual for Canada?

In 2025, Canada's net trade in goods (current US$, BoP) fell US$17.76 billion on 2024 (from −US$5.28 billion to −US$23.04 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was −US$664.03 million and a typical year strayed about US$14.64 billion from that (the standard deviation). This year's change was 1.2 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator BN.GSR.MRCH.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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