Nominal Exports of Goods for Canada
NXGSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
211,998.00
Year-over-Year Change
14.26%
Date Range
1/1/1961 - 1/1/2025
Summary
The Nominal Exports of Goods for Canada measures the total value of goods exported from Canada, excluding services. It is an important indicator of the country's international trade and economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the dollar value of all physical goods exported from Canada to other countries. It is a key measure of Canada's export activity and trade surplus or deficit, reflecting the country's global competitiveness and ability to sell its products internationally.
Methodology
The data is collected and reported monthly by Statistics Canada based on customs declarations and administrative records.
Historical Context
Economists and policymakers use this metric to assess Canada's trade position and the health of its export-oriented industries.
Key Facts
- Canada is the world's 9th largest exporter of goods.
- Exports account for over 30% of Canada's GDP.
- Top Canadian exports include motor vehicles, machinery, and energy products.
FAQs
Q: What does this economic trend measure?
A: The Nominal Exports of Goods for Canada measures the total monetary value of all physical goods exported from Canada to other countries, excluding services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Canada's trade position, export competitiveness, and the health of its export-oriented industries.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by Statistics Canada based on customs declarations and administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this export data to assess Canada's trade surplus or deficit, and to inform decisions around trade agreements, tariffs, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. It may not capture all informal or unreported cross-border trade.
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Citation
U.S. Federal Reserve, Nominal Exports of Goods for Canada (NXGSAXDCCAQ), retrieved from FRED.