International Merchandise Trade Statistics: Trade Balance: Commodities for Canada
Annual, Seasonally Adjusted
XTNTVA01CAA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,023,700,000.00
Year-over-Year Change
-303.21%
Date Range
1/1/1955 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the net value of trade in goods and services for Canada. It is a key indicator of a country's trade balance and competitiveness in the global economy.
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 Canada's total annual exports minus its total annual imports, adjusted for seasonal variations. It provides insight into the strength of Canada's international trade position and is closely monitored by economists and policymakers.
Methodology
The data is compiled by Statistics Canada based on monthly trade reports.
Historical Context
Canada's trade balance is an important factor in its macroeconomic policies and exchange rate management.
Key Facts
- Canada recorded a trade surplus of $3.8 billion in 2021.
- The trade balance has fluctuated between deficits and surpluses over the past decade.
- Manufacturing exports account for over half of Canada's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net value of Canada's international trade in goods and services on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Canada's trade balance is a key indicator of the country's economic performance and competitiveness in global markets, making this trend important for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is compiled by Statistics Canada based on monthly reports of imports and exports.
Q: How is this trend used in economic policy?
A: Policymakers monitor Canada's trade balance to inform decisions on exchange rate management, tariffs, and other trade policies aimed at supporting the country's international competitiveness.
Q: Are there update delays or limitations?
A: This annual, seasonally adjusted data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (XTNTVA01CAA664S), retrieved from FRED.