International Merchandise Trade Statistics: Exports: Commodities for Canada
XTEXVA01CAA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-87.27%
Date Range
1/1/1958 - 1/1/2024
Summary
This economic trend measures the value of exported commodities from Canada, providing insight into the country'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 Merchandise Trade Statistics: Exports: Commodities for Canada tracks the total export value of various product categories from Canada to international markets. This data is used by economists and policymakers to analyze Canada's trade position, economic performance, and global market integration.
Methodology
The data is collected and reported by Statistics Canada through surveys of Canadian businesses.
Historical Context
Trends in Canada's export commodities are closely monitored for their implications on the country's economic growth, exchange rates, and trade policy.
Key Facts
- Canada is one of the world's largest exporters of natural resources and agricultural products.
- Fluctuations in commodity export values can significantly impact Canada's trade balance and economic growth.
- Export data is a key indicator used by the Bank of Canada and government policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of commodities exported from Canada to international markets, providing insight into the country's trade balance and global competitiveness.
Q: Why is this trend relevant for users or analysts?
A: Trends in Canada's export commodities are closely watched by economists, policymakers, and market participants for their implications on the country's economic growth, exchange rates, and trade policy.
Q: How is this data collected or calculated?
A: The data is collected and reported by Statistics Canada through surveys of Canadian businesses.
Q: How is this trend used in economic policy?
A: The export commodity data is used by the Bank of Canada and government policymakers to monitor Canada's trade position, evaluate the effectiveness of trade agreements, and inform decisions on economic and trade policies.
Q: Are there update delays or limitations?
A: The data is reported monthly with a delay of several weeks, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Canada (XTEXVA01CAA657S), retrieved from FRED.