OTTAWA
,
August 8, 2023
(press release)
–
Canada's monthly international trade in services deficit narrowed from $1.1 billion in May to $1.0 billion in June. Overall, exports of services were up 0.4% to $14.7 billion due to higher travel services (+1.6%) and commercial services (+0.4%). Imports edged down 0.2% to $15.7 billion on lower imports of transportation services (-1.6%). To explore the most recent results of Canada's international trade in services in an interactive format, see the International trade monthly interactive dashboard. Chart 1: International trade in services Total exports of goods decreased 2.2% from May to $60.7 billion in June, and total imports of goods were down 0.5% to $64.4 billion, resulting in a deficit of $3.7 billion in June. Combined, the trade balance for goods and services amounted to a deficit of $4.7 billion in June compared with a deficit of $3.8 billion in May. The services trade deficit in May, originally reported at $1.1 billion in the previous release, was essentially unchanged in the context of the current reference month's release, as exports (+$66 million) and imports (+$35 million) were revised up. Chart 2: International trade in services, balances Chart 3: Contribution to the monthly change in exports, June 2023 Chart 4: Contribution to the monthly change in imports, June 2023 Note to readers Products The Methodological Guide: Canadian System of Macroeconomic Accounts (Catalogue number13-607-X) is available. The User Guide: Canadian System of Macroeconomic Accounts (Catalogue number13-606-G) is also available. This publication will be updated to maintain its relevance. Contact information Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.
Next release
Data on Canadian international trade in services for July will be released on September 6.
The updated Canada and the World Statistics Hub (Catalogue number13-609-X) is available online. This product illustrates the nature and extent of Canada's economic and financial relationship with the world using interactive charts and tables. It provides easy access to information on trade, investment, employment and travel between Canada and a number of countries, including the United States, the United Kingdom, Mexico, China, Japan, Belgium, Italy, the Netherlands and Spain.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).
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