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CRED

Services Trade Balance

(SERVICES_BALANCE)
Observations
Aug 2026: 434
Updated: 2026-10-09, 8:53:37 a.m. ET
Units
Millions of dollars,
Receipts minus payments
Frequency
Monthly
Source
Statistics Canada, International Trade in Services
Series ID
SERVICES_BALANCE
Table 12-10-0144-01
CREDServices Trade Balance
COVID-19 recessionGlobal Financial Crisis-3000-2500-2000-1500-1000-500050010002007200920112013201520172019202120232025Millions of dollars2007-01-01: -7802007-02-01: -7762007-03-01: -8312007-04-01: -8392007-05-01: -8942007-06-01: -8962007-07-01: -10092007-08-01: -9172007-09-01: -10332007-10-01: -12532007-11-01: -13212007-12-01: -12942008-01-01: -14012008-02-01: -12932008-03-01: -12062008-04-01: -10982008-05-01: -12772008-06-01: -13482008-07-01: -12732008-08-01: -12722008-09-01: -11672008-10-01: -11992008-11-01: -10482008-12-01: -13892009-01-01: -15232009-02-01: -16392009-03-01: -15552009-04-01: -15172009-05-01: -12512009-06-01: -12242009-07-01: -11192009-08-01: -12692009-09-01: -14222009-10-01: -12062009-11-01: -13102009-12-01: -14152010-01-01: -16842010-02-01: -17822010-03-01: -18882010-04-01: -18232010-05-01: -18552010-06-01: -19522010-07-01: -18102010-08-01: -17502010-09-01: -18932010-10-01: -19302010-11-01: -18642010-12-01: -18312011-01-01: -17922011-02-01: -18572011-03-01: -18192011-04-01: -18832011-05-01: -18962011-06-01: -19452011-07-01: -17652011-08-01: -17982011-09-01: -17512011-10-01: -16162011-11-01: -17042011-12-01: -16242012-01-01: -17292012-02-01: -17702012-03-01: -17932012-04-01: -17592012-05-01: -17462012-06-01: -18262012-07-01: -18712012-08-01: -19082012-09-01: -19592012-10-01: -20382012-11-01: -17642012-12-01: -18292013-01-01: -19132013-02-01: -19782013-03-01: -19432013-04-01: -19772013-05-01: -18322013-06-01: -17942013-07-01: -18422013-08-01: -18272013-09-01: -18992013-10-01: -18192013-11-01: -17922013-12-01: -19552014-01-01: -19562014-02-01: -21172014-03-01: -20032014-04-01: -19482014-05-01: -19742014-06-01: -18752014-07-01: -18282014-08-01: -18912014-09-01: -19692014-10-01: -19292014-11-01: -20632014-12-01: -20872015-01-01: -21612015-02-01: -19012015-03-01: -22412015-04-01: -21672015-05-01: -20942015-06-01: -21682015-07-01: -22362015-08-01: -22912015-09-01: -18102015-10-01: -21682015-11-01: -20932015-12-01: -19862016-01-01: -21112016-02-01: -17862016-03-01: -19732016-04-01: -17802016-05-01: -20552016-06-01: -20092016-07-01: -18212016-08-01: -20402016-09-01: -17312016-10-01: -18822016-11-01: -18082016-12-01: -17322017-01-01: -20152017-02-01: -20082017-03-01: -16622017-04-01: -18352017-05-01: -18832017-06-01: -19092017-07-01: -19122017-08-01: -16632017-09-01: -18772017-10-01: -19072017-11-01: -17702017-12-01: -19882018-01-01: -17502018-02-01: -17252018-03-01: -17712018-04-01: -24712018-05-01: -15782018-06-01: -16342018-07-01: -19582018-08-01: -17832018-09-01: -19712018-10-01: -17442018-11-01: -17052018-12-01: -16782019-01-01: -19682019-02-01: -14942019-03-01: -13162019-04-01: -11842019-05-01: -10122019-06-01: -11952019-07-01: -6642019-08-01: -7532019-09-01: -12352019-10-01: -10182019-11-01: -14702019-12-01: -18122020-01-01: -30762020-02-01: -31252020-03-01: -22492020-04-01: 942020-05-01: 742020-06-01: -3372020-07-01: 1292020-08-01: 2132020-09-01: -2542020-10-01: -202020-11-01: 592020-12-01: 772021-01-01: -3082021-02-01: 2742021-03-01: 3242021-04-01: 402021-05-01: 232021-06-01: -382021-07-01: 252021-08-01: -1052021-09-01: -6842021-10-01: -1612021-11-01: -1012021-12-01: -4262022-01-01: -1892022-02-01: -2542022-03-01: -4502022-04-01: -9762022-05-01: -4722022-06-01: -5052022-07-01: -6662022-08-01: -6162022-09-01: -6432022-10-01: -3222022-11-01: -2092022-12-01: -4052023-01-01: 2022023-02-01: 4952023-03-01: 6902023-04-01: 3212023-05-01: 3852023-06-01: 3492023-07-01: 4122023-08-01: 4242023-09-01: 3502023-10-01: 1772023-11-01: 882023-12-01: 2662024-01-01: 522024-02-01: 942024-03-01: 2192024-04-01: 3162024-05-01: 4032024-06-01: 1222024-07-01: -1612024-08-01: -2492024-09-01: -3272024-10-01: 92024-11-01: 3732024-12-01: 6252025-01-01: 4902025-02-01: 4472025-03-01: 1562025-04-01: -102025-05-01: -1672025-06-01: -4502025-07-01: 4862025-08-01: 6772025-09-01: 4052025-10-01: 4202025-11-01: -1552025-12-01: 3482026-01-01: 1612026-02-01: 3232026-03-01: 1102026-04-01: -712026-05-01: -1222026-06-01: -2082026-07-01: 2012026-08-01: 434
Source: Statistics Canada, International Trade in Services via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).
Xfrin

Notes

Source: Statistics Canada

Release: Canada's International Trade in Services

Units: Millions of dollars, Receipts minus payments

Frequency: Monthly

Notes: Services receipts minus payments in millions of dollars; the balance runs near zero, far smaller than the merchandise balance. It shows Canada roughly breaks even on services trade while merchandise drives the overall balance. Published monthly.

Suggested Citation: Statistics Canada, Services Trade Balance SERVICES_BALANCE, retrieved from CRED, Canadian Research Economic Data; https://cred.nshipyard.com/series/SERVICES_BALANCE, October 9, 2026.

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CREDMerchandise Exports
COVID-19 recession300000003500000040000000450000005000000055000000600000006500000070000000750000008000000085000000201620182020202220242026Thousands of dollars2016-09-01: 44461913.22016-10-01: 44717235.92016-11-01: 46720721.52016-12-01: 45241955.92017-01-01: 44598023.12017-02-01: 42319690.52017-03-01: 49759833.52017-04-01: 45367235.62017-05-01: 50094555.72017-06-01: 48074587.52017-07-01: 40976022.62017-08-01: 43579355.62017-09-01: 42943507.42017-10-01: 45506078.62017-11-01: 46718111.82017-12-01: 461496232018-01-01: 45322209.52018-02-01: 42356712.32018-03-01: 49740106.72018-04-01: 47541967.62018-05-01: 50819018.92018-06-01: 52406548.12018-07-01: 49256146.32018-08-01: 50449437.82018-09-01: 48682119.42018-10-01: 51763041.22018-11-01: 49141959.92018-12-01: 46815397.92019-01-01: 45576275.32019-02-01: 42506739.72019-03-01: 51634842.52019-04-01: 49765355.12019-05-01: 55430249.12019-06-01: 50999708.22019-07-01: 48836318.22019-08-01: 49389471.52019-09-01: 49186862.62019-10-01: 50836424.62019-11-01: 48023878.22019-12-01: 49896206.52020-01-01: 46561228.22020-02-01: 44504479.92020-03-01: 48172586.42020-04-01: 324717572020-05-01: 342072112020-06-01: 41099538.42020-07-01: 43279822.92020-08-01: 43604993.22020-09-01: 46676843.52020-10-01: 475066302020-11-01: 46755181.32020-12-01: 47686870.72021-01-01: 47511084.22021-02-01: 45591576.12021-03-01: 53826638.52021-04-01: 48876767.52021-05-01: 49960099.72021-06-01: 55292242.72021-07-01: 51577924.62021-08-01: 539494732021-09-01: 52708280.92021-10-01: 55101729.22021-11-01: 58873247.52021-12-01: 58449256.52022-01-01: 54960866.12022-02-01: 54862928.12022-03-01: 68230441.42022-04-01: 63776906.62022-05-01: 73171124.12022-06-01: 71684749.82022-07-01: 66197500.82022-08-01: 67529261.82022-09-01: 66292237.82022-10-01: 66594936.52022-11-01: 649399392022-12-01: 651847762023-01-01: 65298455.62023-02-01: 58695572.42023-03-01: 69052473.72023-04-01: 61832315.12023-05-01: 66127881.72023-06-01: 61998807.42023-07-01: 58748867.12023-08-01: 64969894.22023-09-01: 64246388.62023-10-01: 67726028.22023-11-01: 66606405.72023-12-01: 625807242024-01-01: 60999256.22024-02-01: 61573189.82024-03-01: 64253079.62024-04-01: 64621725.72024-05-01: 65447981.92024-06-01: 65993751.62024-07-01: 66264417.62024-08-01: 62680282.12024-09-01: 64804942.32024-10-01: 684064542024-11-01: 65791703.82024-12-01: 70017288.12025-01-01: 73837152.12025-02-01: 65282648.82025-03-01: 71921519.42025-04-01: 60181416.72025-05-01: 617970462025-06-01: 61428082.62025-07-01: 62071754.12025-08-01: 57971423.22025-09-01: 64443634.32025-10-01: 67863820.82025-11-01: 62926259.92025-12-01: 68279600.62026-01-01: 602608772026-02-01: 613754242026-03-01: 72717736.52026-04-01: 71780780.82026-05-01: 74719601.32026-06-01: 79004700.82026-07-01: 732060882026-08-01: 73826333.8
Source: Statistics Canada, Canadian International Merchandise Trade via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Merchandise Exports

CREDMerchandise Imports
COVID-19 recession350000004000000045000000500000005500000060000000650000007000000075000000201620182020202220242026Thousands of dollars2016-09-01: 47727293.22016-10-01: 450173852016-11-01: 44628217.42016-12-01: 42002135.32017-01-01: 41925800.12017-02-01: 42630213.12017-03-01: 49822152.12017-04-01: 46675849.22017-05-01: 50915595.42017-06-01: 51063876.92017-07-01: 44180612.42017-08-01: 48098619.52017-09-01: 46014837.62017-10-01: 46475782.32017-11-01: 48880040.52017-12-01: 45345818.52018-01-01: 43871749.72018-02-01: 44372393.32018-03-01: 52665306.32018-04-01: 50307908.22018-05-01: 53202525.32018-06-01: 52779877.12018-07-01: 49772177.52018-08-01: 52137281.32018-09-01: 49041742.42018-10-01: 51617336.92018-11-01: 49381908.32018-12-01: 46735469.72019-01-01: 48034786.22019-02-01: 46335386.22019-03-01: 53602289.32019-04-01: 52031108.12019-05-01: 54237496.42019-06-01: 50675984.82019-07-01: 49965448.92019-08-01: 51819051.32019-09-01: 49357831.12019-10-01: 51807910.62019-11-01: 480679212019-12-01: 46027273.42020-01-01: 456486552020-02-01: 45007130.92020-03-01: 49405934.92020-04-01: 36372084.82020-05-01: 34626124.52020-06-01: 43686199.62020-07-01: 46908057.42020-08-01: 47162561.62020-09-01: 48708027.82020-10-01: 507832382020-11-01: 48380199.12020-12-01: 46931751.12021-01-01: 43931939.92021-02-01: 43712050.72021-03-01: 54964344.62021-04-01: 49966706.62021-05-01: 50551783.62021-06-01: 52014220.62021-07-01: 51397876.12021-08-01: 52590146.62021-09-01: 51366831.32021-10-01: 54396521.62021-11-01: 55253479.62021-12-01: 56478794.62022-01-01: 48967623.62022-02-01: 511876772022-03-01: 66015295.62022-04-01: 63048344.42022-05-01: 63984238.22022-06-01: 67037435.42022-07-01: 625176452022-08-01: 67054064.82022-09-01: 65478078.72022-10-01: 66586362.72022-11-01: 63319124.22022-12-01: 59225997.22023-01-01: 58929165.62023-02-01: 572543842023-03-01: 66808543.82023-04-01: 60721645.32023-05-01: 67142168.62023-06-01: 66686086.32023-07-01: 59951842.72023-08-01: 66879753.32023-09-01: 64224706.52023-10-01: 653080562023-11-01: 64026310.12023-12-01: 59184421.42024-01-01: 56260215.72024-02-01: 59849187.12024-03-01: 64759495.12024-04-01: 65600201.22024-05-01: 66191933.12024-06-01: 65213367.22024-07-01: 63940913.72024-08-01: 66693997.22024-09-01: 64567262.42024-10-01: 68163891.52024-11-01: 64208563.12024-12-01: 61845450.22025-01-01: 62929021.92025-02-01: 62196225.72025-03-01: 72459604.92025-04-01: 66409931.92025-05-01: 67667167.52025-06-01: 67519311.42025-07-01: 65724353.22025-08-01: 65648760.12025-09-01: 63725205.42025-10-01: 691688472025-11-01: 63209733.22025-12-01: 622168292026-01-01: 59838845.72026-02-01: 64547509.12026-03-01: 74258642.92026-04-01: 71254389.72026-05-01: 72799124.72026-06-01: 74212453.52026-07-01: 731631432026-08-01: 71736904.2
Source: Statistics Canada, Canadian International Merchandise Trade via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Merchandise Imports

CREDMerchandise Trade Balance
COVID-19 recession700000008000000090000000100000000110000000120000000130000000140000000150000000160000000201620182020202220242026Thousands of dollars2016-09-01: 92189206.42016-10-01: 89734620.92016-11-01: 91348938.92016-12-01: 87244091.199999992017-01-01: 86523823.22017-02-01: 84949903.62017-03-01: 99581985.62017-04-01: 92043084.800000012017-05-01: 101010151.12017-06-01: 99138464.42017-07-01: 851566352017-08-01: 91677975.12017-09-01: 889583452017-10-01: 91981860.92017-11-01: 95598152.32017-12-01: 91495441.52018-01-01: 89193959.22018-02-01: 86729105.62018-03-01: 1024054132018-04-01: 97849875.800000012018-05-01: 104021544.199999992018-06-01: 105186425.22018-07-01: 99028323.82018-08-01: 102586719.12018-09-01: 97723861.82018-10-01: 103380378.12018-11-01: 98523868.199999992018-12-01: 93550867.62019-01-01: 93611061.52019-02-01: 88842125.92019-03-01: 105237131.82019-04-01: 101796463.22019-05-01: 109667745.52019-06-01: 1016756932019-07-01: 98801767.12019-08-01: 101208522.82019-09-01: 98544693.72019-10-01: 102644335.22019-11-01: 96091799.22019-12-01: 95923479.92020-01-01: 92209883.22020-02-01: 89511610.82020-03-01: 97578521.32020-04-01: 68843841.82020-05-01: 68833335.52020-06-01: 847857382020-07-01: 90187880.32020-08-01: 90767554.800000012020-09-01: 95384871.32020-10-01: 982898682020-11-01: 95135380.42020-12-01: 94618621.800000012021-01-01: 91443024.12021-02-01: 89303626.800000012021-03-01: 108790983.12021-04-01: 98843474.12021-05-01: 100511883.300000012021-06-01: 107306463.300000012021-07-01: 102975800.72021-08-01: 106539619.62021-09-01: 104075112.199999992021-10-01: 109498250.800000012021-11-01: 114126727.12021-12-01: 114928051.12022-01-01: 103928489.72022-02-01: 106050605.12022-03-01: 1342457372022-04-01: 1268252512022-05-01: 137155362.32022-06-01: 138722185.22022-07-01: 128715145.82022-08-01: 134583326.62022-09-01: 131770316.52022-10-01: 133181299.22022-11-01: 128259063.22022-12-01: 124410773.22023-01-01: 124227621.22023-02-01: 115949956.42023-03-01: 135861017.52023-04-01: 122553960.42023-05-01: 133270050.32023-06-01: 128684893.699999992023-07-01: 118700709.800000012023-08-01: 131849647.52023-09-01: 128471095.12023-10-01: 133034084.22023-11-01: 130632715.800000012023-12-01: 121765145.42024-01-01: 117259471.92024-02-01: 121422376.92024-03-01: 129012574.72024-04-01: 130221926.92024-05-01: 1316399152024-06-01: 131207118.800000012024-07-01: 130205331.300000012024-08-01: 129374279.300000012024-09-01: 129372204.699999992024-10-01: 136570345.52024-11-01: 130000266.92024-12-01: 131862738.32025-01-01: 1367661742025-02-01: 127478874.52025-03-01: 144381124.32025-04-01: 126591348.62025-05-01: 129464213.52025-06-01: 1289473942025-07-01: 127796107.300000012025-08-01: 123620183.300000012025-09-01: 128168839.699999992025-10-01: 137032667.82025-11-01: 126135993.12025-12-01: 130496429.62026-01-01: 120099722.72026-02-01: 125922933.12026-03-01: 146976379.42026-04-01: 143035170.52026-05-01: 1475187262026-06-01: 153217154.32026-07-01: 1463692312026-08-01: 145563238
Source: Statistics Canada, Canadian International Merchandise Trade via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Merchandise Trade Balance

CREDMerchandise Exports to the United States
COVID-19 recession200002500030000350004000045000500005500060000201620182020202220242026Millions of dollars2016-09-01: 33127.22016-10-01: 33146.62016-11-01: 34944.32016-12-01: 33397.72017-01-01: 34893.12017-02-01: 35669.82017-03-01: 34570.72017-04-01: 362052017-05-01: 36222.92017-06-01: 34434.72017-07-01: 33063.22017-08-01: 327812017-09-01: 32109.52017-10-01: 33332.22017-11-01: 35588.72017-12-01: 35313.62018-01-01: 34445.32018-02-01: 35220.32018-03-01: 35591.52018-04-01: 36442.42018-05-01: 36704.22018-06-01: 37969.52018-07-01: 38939.42018-08-01: 37773.92018-09-01: 37239.42018-10-01: 36917.62018-11-01: 35820.92018-12-01: 34783.12019-01-01: 33627.42019-02-01: 35255.92019-03-01: 37644.52019-04-01: 38230.72019-05-01: 39538.52019-06-01: 38110.52019-07-01: 37893.32019-08-01: 37848.22019-09-01: 37640.62019-10-01: 37175.62019-11-01: 35857.22019-12-01: 37255.72020-01-01: 36317.62020-02-01: 37322.82020-03-01: 34552.42020-04-01: 22672.32020-05-01: 23181.92020-06-01: 27972.92020-07-01: 321232020-08-01: 33987.62020-09-01: 340452020-10-01: 34068.12020-11-01: 33432.52020-12-01: 33205.62021-01-01: 37031.52021-02-01: 38043.12021-03-01: 36375.82021-04-01: 363952021-05-01: 36445.72021-06-01: 39544.62021-07-01: 40072.52021-08-01: 40733.12021-09-01: 39572.32021-10-01: 41330.92021-11-01: 45639.42021-12-01: 45002.32022-01-01: 45137.92022-02-01: 460492022-03-01: 49155.72022-04-01: 51636.52022-05-01: 53552.32022-06-01: 53307.52022-07-01: 52388.52022-08-01: 51055.52022-09-01: 50010.62022-10-01: 49863.52022-11-01: 47906.12022-12-01: 49309.42023-01-01: 49937.52023-02-01: 48346.82023-03-01: 48215.82023-04-01: 49942.52023-05-01: 49630.92023-06-01: 47437.32023-07-01: 48523.72023-08-01: 50765.42023-09-01: 50672.92023-10-01: 509702023-11-01: 51621.22023-12-01: 480042024-01-01: 47005.92024-02-01: 48300.32024-03-01: 47409.62024-04-01: 49705.12024-05-01: 49693.22024-06-01: 51048.12024-07-01: 51603.42024-08-01: 48441.82024-09-01: 49930.62024-10-01: 483222024-11-01: 51099.12024-12-01: 53379.82025-01-01: 58460.12025-02-01: 563902025-03-01: 51693.72025-04-01: 43814.82025-05-01: 42248.92025-06-01: 42206.92025-07-01: 45404.12025-08-01: 44298.12025-09-01: 45284.62025-10-01: 43972.62025-11-01: 44156.42025-12-01: 44767.92026-01-01: 41786.22026-02-01: 44809.92026-03-01: 45553.92026-04-01: 50249.82026-05-01: 52395.82026-06-01: 52450.92026-07-01: 49122.52026-08-01: 54458
Source: Statistics Canada, Canadian International Merchandise Trade via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Merchandise Exports to the United States

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International Trade and InvestmentMoney, Banking and FinancePopulation, Employment and LabourNational AccountsProduction and Business ActivityPricesHousing and ConstructionProvinces, Territories and Cities

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More Series from Canada's International Trade in Services

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CanadaServices Trade BalanceStatistics CanadaMonthly