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

Key provincial export product sales have perked up considerably lately due to a combination of improving demand from foreign customers and corresponding upticks in commodity prices.

Latest 3 Months vs Previous 3 Months (Oct-Dec 2020 vs Jul-Sep 2020).

Source: Statistics Canada Table 12-10-0119-01 / Chart: ConstructConnect-CanaData.

 

Canada’s Key Export Product Sales by Province

B.C. is showing the most improvement among all the provinces.

January 2021 vs January 2020.

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

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

In Jan 2021, U.S. exports to China were +78.3% y/y; imports from China were +17.5% y/y; & the deficit rose by only +0.7% y/y.

*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.

U.S. Goods Trade Deficit with Major Countries and Areas

In Jan. 2021, the per cent total of the U.S. goods trade deficit with Canada was 4.3%.

*Indonesia rejoined OPEC on Jan. 1, 2016 / Qatar left OPEC, effective Jan. 1, 2019.
If the ‘annualized figure’ is positive and not negative, then the U.S. is running a surplus with that nation in the period — and therefore the ‘% of total’ is not applicable (n/a).
The five major foreign suppliers of crude oil to the United States currently are Canada, Saudi Arabia, Mexico, Colombia and Iraq.

Data source: U.S. Census Bureau, not seasonally adjusted (NSA) current dollar monthly figures.
Table: ConstructConnect — CanaData.

Canada’s Foreign Trade by Major Goods and Commodities

In Jan. 2021, the year-over-year per cent change in Canada's foreign trade for consumer goods, compared to Jan. 2020, was +7.9%.

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 Jan. 2021, the U.S. trade deficit was +1.9% m/m and +53.7% y/y (i.e., more than half again worse than in Jan. 2020).

The last data point is for January 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, the share of total Cdn exports going to the U.S. has been 3/4, while the share of imports from the U.S. has been 2/3. In Jan 2021, the respective figures weren't far off, 72.7% & 62.3%. The share of total imports from China was 9.1%.

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

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