Canada: Trade openness

* indicates monthly or quarterly data series
 Canada

Trade openness: exports plus imports as percent of GDP

 Latest value 67.46
 Year 2023
 Measure percent
 Data availability 1961 - 2023
 Average 56.45
 Min - Max 35.33 - 82.77
 Source The World Bank
The latest value from 2023 is 67.46 percent, a decline from 67.56 percent in 2022. In comparison, the world average is 94.79 percent, based on data from 138 countries. Historically, the average for Canada from 1961 to 2023 is 56.45 percent. The minimum value, 35.33 percent, was reached in 1963 while the maximum of 82.77 percent was recorded in 2000. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Canada - Trade openness - Recent values chart

Historical series
Canada - Trade openness - historical chart - 1961-2023




Definition: Exports plus imports as percent of GDP.

Selected articles from our guide:

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 Related indicators Latest Reference Measure
 Terms of trade 111.00 2021 percent
 Trade openness 67.46 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 33.54 2023 percent
 Exports, billion dollars 717.71 2023 billion U.S. dollars
 Growth of exports 5.72 2023 percent
 Imports, percent of GDP 33.93 2023 percent
 Imports, billion dollars 726.06 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.23 2023 percent
 Foreign Direct Investment, billion dollars 49.98 2022 billion U.S. dollars
 Portfolio investment inflows, equities -36,092.92 2023 million dollars (current)
 Current account, percent of GDP -0.73 2023 percent
 Current account, in dollars -13.25 2023 billion U.S. dollars
 Trade balance, percent of GDP -0.39 2023 percent
 Trade balance, in dollars -9.81 2023 billion U.S. dollars
 Reserves 117.55 2023 billion U.S. dollars
 Remittances, percent of GDP 0.04 2023 percent
 Remittances 847.19 2023 million U.S. dollars
 Net errors and omissions 5,448.17 2023 million USD
 Foreign exchange reserves 123.08 10/2024 billion
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