International Trade: Exports: Value (Goods): Total for Canada
XTEXVA01CAA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.66
Year-over-Year Change
15.55%
Date Range
1/1/1961 - 1/1/2022
Summary
This economic trend measures the total value of goods exported from Canada. It is a key indicator of Canada's trade balance and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The International Trade: Exports: Value (Goods): Total for Canada series tracks the total monetary value of all goods exported from Canada to international markets. This metric is widely used by economists and policymakers to analyze Canada's trade position and the strength of its export-oriented industries.
Methodology
The data is collected by Statistics Canada through surveys of Canadian businesses and customs declarations.
Historical Context
Trends in Canadian exports are closely monitored by the Bank of Canada and other government agencies to inform monetary and trade policy decisions.
Key Facts
- Canada is the 9th largest exporter globally.
- Exports account for over 30% of Canada's GDP.
- The United States is Canada's largest export market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods exported from Canada to international markets.
Q: Why is this trend relevant for users or analysts?
A: Trends in Canadian exports are a key indicator of the country's trade balance and international competitiveness, making this data highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through surveys of Canadian businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Trends in Canadian exports are closely monitored by the Bank of Canada and other government agencies to inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Canada (XTEXVA01CAA188S), retrieved from FRED.