Goods, Value of Exports for Canada
VALEXPCAM052N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,229.00
Year-over-Year Change
-1.21%
Date Range
1/1/2006 - 2/1/2025
Summary
The 'Goods, Value of Exports for Canada' metric measures the total monetary value of goods exported from Canada to other countries. This data point is important for analyzing Canada's trade balance and international competitiveness.
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 series represents the total value, in U.S. dollars, of goods exported from Canada to the rest of the world. It is a key indicator of Canada's international trade activity and can provide insights into the country's economic performance and trade relationships.
Methodology
The data is collected and reported by Statistics Canada based on customs records and surveys of Canadian exporters.
Historical Context
Policymakers and economists use this metric to assess Canada's trade dynamics and the potential impacts on its economy.
Key Facts
- Canada is the 9th largest exporter of goods in the world.
- Manufacturing accounts for over 50% of Canada's total goods exports.
- The United States is Canada's largest trading partner, receiving over 75% of its exported goods.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total monetary value of goods exported from Canada to other countries, providing insights into Canada's international trade activity.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for analyzing Canada's trade balance, international competitiveness, and the overall performance of its economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by Statistics Canada based on customs records and surveys of Canadian exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Canada's trade dynamics and the potential impacts on its economy, informing decisions on trade policies and economic strategies.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, but there may be occasional delays or revisions due to the nature of the data collection process.
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Citation
U.S. Federal Reserve, Goods, Value of Exports for Canada (VALEXPCAM052N), retrieved from FRED.