These adjustments are made to conform to the concepts and definitions of the Canadian System of National Accounts.įor a conceptual analysis of BOP-based data versus customs-based data, see " Balance of Payments trade in goods at Statistics Canada: Expanding geographic detail to 27 principal trading partners."įor more information on these and other macroeconomic concepts, see the Methodological Guide: Canadian System of Macroeconomic Accounts ( Catalogue number13-607-X) and the User Guide: Canadian System of Macroeconomic Accounts ( Catalogue number13-606-G). BOP data are derived from customs data by adjusting for factors such as valuation, coverage, timing, and residency. The list of PTPs is based on their annual share of total merchandise trad e-imports and export s-with Canada in 2012. International trade data by country are available on a customs basis for all countries and on a BOP basis for Canada's 27 principal trading partners ( PTPs). International trade data by commodity are available on both a BOP and a customs basis. Merchandise trade is one component of Canada's international balance of payments ( BOP), which also includes trade in services, investment income, current transfers, and capital and financial flows. Exports in March, originally reported at $63.6 billion in the previous release, were revised to $63.2 billion in the current reference month's release. Imports in March, originally reported at $62.6 billion in the previous release, were revised to $63.0 billion in the current reference month.
Revisions to March merchandise export and import data Higher imports from Ireland (pharmaceutical products) and the Netherlands (motor gasoline) were partly offset by lower imports from China (industrial machinery and cellphones).Īs a result, Canada's merchandise trade deficit with countries other than the United States widened from $7.0 billion in March to $7.5 billion in April. Imports from countries other than the United States edged up 0.3% in April. Lower exports to the United Kingdom (gold) and China (miscellaneous products) were partly offset by higher exports to Hong Kong (gold) and South Korea (coal). As a result, Canada's trade surplus with the United States widened from $7.2 billion in March to $9.5 billion in April.Įxports to countries other than the United States fell 3.1% in April. Meanwhile, imports from the United States decreased 0.4%. Higher exports to the United States, lower exports to other countriesĮxports to the United States rose 4.4% in April, mainly because of higher exports of gold.
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