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Insights for Canada
BETA
March 2026 period, National level, Product aggregation
AI
Summary: Overall, Canada's trade values in March 2026 showed a robust increase in both imports and exports compared to the previous month and the same month last year. Total exports reached CAD 68.76 billion, up by CAD 10.85 billion (18.74%) month-on-month and CAD 1.97 billion (2.95%) year-on-year. Total imports were CAD 71.72 billion, increasing by CAD 7.45 billion (11.60%) month-on-month and CAD 1 billion (1.41%) year-on-year. The trade balance remains a critical focus, especially with the ongoing discussions around tariffs and trade agreements influenced by recent geopolitical events.
AI
MoM insights: In March 2026, Canada's trade values showed significant month-on-month changes. Imports from the United States reached CAD 33.93 billion, increasing by CAD 3.46 billion (11.36%). Mexico followed with CAD 5.2 billion, up by CAD 792.54 million (17.98%). China also saw a rise, with imports valued at CAD 7.15 billion, an increase of CAD 762.9 million (11.94%). On the lower end, imports from Ireland decreased to CAD 382.84 million, down by CAD 239.33 million (-38.47%). Trinidad and Tobago's imports fell to CAD 15.55 million, a drop of CAD 181.8 million (-92.12%). Australia also saw a decline, with imports at CAD 257.33 million, down by CAD 176.09 million (-40.61%).
For exports, the United States led with CAD 45.53 billion, an increase of CAD 6.4 billion (16.36%). The United Kingdom followed with CAD 8.32 billion, up by CAD 2.14 billion (34.74%). Germany's exports reached CAD 1.09 billion, increasing by CAD 443.17 million (68.38%). On the downside, Panama's exports plummeted to CAD 11 million, down by CAD 240.33 million (-95.56%). Spain's exports decreased to CAD 125.26 million, a drop of CAD 207.49 million (-62.35%). Latvia's exports fell to CAD 1.37 million, down by CAD 106.74 million (-98.99%).
AI
YoY insights: Year-on-year comparisons for March 2026 revealed notable shifts in trade values. Imports from Mexico totaled CAD 5.2 billion, an increase of CAD 613.39 million (13.38%). Germany's imports reached CAD 2.43 billion, up by CAD 346.27 million (16.65%). Vietnam also saw growth, with imports valued at CAD 1.79 billion, an increase of CAD 294.12 million (19.68%). Conversely, imports from the United States were CAD 33.93 billion, down by CAD 1.89 billion (-5.21%). China's imports decreased to CAD 7.15 billion, down by CAD 358.34 million (-4.79%). Saudi Arabia's imports fell to CAD 108.61 million, a decrease of CAD 123.97 million (-53.30%).
On the export side, the United Kingdom led with CAD 8.32 billion, an increase of CAD 5.01 billion (151.05%). Exports to China reached CAD 3.64 billion, up by CAD 639.55 million (21.34%). Germany's exports totaled CAD 1.09 billion, an increase of CAD 514.33 million (89.14%). However, exports to the United States were CAD 45.53 billion, down by CAD 4.16 billion (-8.39%). Hong Kong's exports fell to CAD 99.11 million, down by CAD 234.51 million (-70.29%). Japan's exports decreased to CAD 1.2 billion, down by CAD 180.91 million (-13.09%).
