Forecaster Charts & Tables

Foreign Trade

Improving export sales propel construction in resource development and manufacturing plant expansions.

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Canada’s Key Export Product Sales by Province

The two goods categories accounting for the largest dollar volumes of exports are Alberta energy products (+42.6% ytd) and Ontario motor vehicles and parts (+11.7% ytd).

Jan-Jun 2021 vs Jan-Jun 2020.

Data source: Statistics Canada Table 12-10-0119-01/Chart: ConstructConnect — CanaData.

Geographic Sources of Total U.S. Foreign Trade Deficit in Goods

Several years ago, China routinely accounted for as much as 1/2 of America's total foreign trade deficit each month. Since then, China's share has dropped significantly. In the latest month (June 2021), for the first time since early in the 2008-2009 recession, China's share fell below 30% (to 29.2%).

*Other major contributors to deficit are Italy, Taiwan and South Korea.

Data source: U.S. Census Bueau and Bureau of Economic Analysis (BEA)/Chart: ConstructConnect — CanaData.

Canada’s Foreign Trade by Major Goods and Commodities

Of note, exports of energy products were up by +22.9% in June.

N/A or “not applicable” is when the signs don’t match or the percent change is too high.
An explanation of the percent change when both the before and after numbers are negative: when a negative becomes more negative, that’s a plus (i.e., a greater deficit.) When a negative become less negative, that’s a minus (i.e., a smaller deficit).

Data source: Statistics Canada Table 12-10-0121-01 (seasonally adjusted current dollar monthly figures).
Table: ConstructConnect — CanaData.

U.S. Foreign Trade: Goods & Services Balance

In June 2021, the U.S. trade deficit increased (i.e., worsened) by +6.7% month to month and +49.6% year over year.

The last data point is for June 2021.
Based on seasonally adjusted monthly figures, projected at an annual rate.

Data source: Bureau of Economic Analysis (BEA) / Chart: ConstructConnect – CanaData.

Canada's Foreign Trade: The Merchandise Trade Balance

Traditionally, Cdn exports going to the U.S. have been 3/4 of total; with imports from the U.S. at 2/3 of total. In June 2021, exports followed their usual pattern, at 73.9%, but imports fell a bit short, 62.1%. Purchases from China were 8.3% of total Cdn imports.

The last data point is for June 2021.
Based on seasonally adjusted monthly figures, projected at an annual rate.

Data source: Statistics Canada / Chart: ConstructConnect – CanaData.