Balance of international payments, current account, trade in services by principal trading partners, quarterly
Quarterly Balance of Payments (BOP) trade in services receipts, payments, and net balances between Canada and 24 principal bilateral trading partners and regional economic blocs, both seasonally adjusted and unadjusted.
About this dataset
- Trade flows (Receipts, Payments, Balances)
- Seasonal adjustment status (Seasonally adjusted, Not seasonally adjusted)
- Principal trading partners (24 major bilateral partners and regional blocs)
- Reference period (Quarterly, 1997 to present)
- Merchandise goods trade (covered in companion Table 36-10-0023)
- Detailed services subcategories (commercial vs travel vs transport disaggregation)
- Provincial/territorial breakdown
Measurement notes
- Services trade encompasses commercial services (financial, legal, engineering, software), travel, transportation, and government services.
- Quarterly data aligns with System of National Accounts (SNA) quarterly GDP release schedules.
| Column | Type | Non-null % | Unique Values | Mean | Min | Max |
|---|---|---|---|---|---|---|
| REF_DATE | object | 100.0% | 18 | — | 2022-01 | 2026-04 |
| GEO | object | 100.0% | 1 | — | Canada | Canada |
| DGUID | object | 100.0% | 1 | — | 2021A000011124 | 2021A000011124 |
| Trade | object | 100.0% | 3 | — | Balances | Receipts |
| Seasonal adjustment | object | 100.0% | 2 | — | Not seasonally adjusted | Seasonally adjusted |
| Principal trading partners | object | 100.0% | 28 | — | Australia | United States |
| UOM | object | 100.0% | 1 | — | Dollars | Dollars |
| UOM_ID | int64 | 100.0% | 1 | 81 | 81 | 81 |
| SCALAR_FACTOR | object | 100.0% | 1 | — | millions | millions |
| SCALAR_ID | int64 | 100.0% | 1 | 6 | 6 | 6 |
| VECTOR | object | 100.0% | 168 | — | v1353834103 | v1353834270 |
| COORDINATE | object | 100.0% | 168 | — | 1.1.1.1 | 1.3.2.9 |
| VALUE | int64 | 100.0% | 1899 | 2,777 | -6,186 | 63,771 |
| STATUS | float64 | 0.0% | 0 | — | — | — |
| SYMBOL | float64 | 0.0% | 0 | — | — | — |
| TERMINATED | float64 | 0.0% | 0 | — | — | — |
| DECIMALS | int64 | 100.0% | 1 | 0 | 0 | 0 |
| Trading Partner | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Australia | |||||
| Belgium | |||||
| Brazil | |||||
| China | |||||
| European Union excluding the United Kingdom | |||||
| France | |||||
| Germany | |||||
| Hong Kong | |||||
| India | |||||
| Indonesia | |||||
| Italy | |||||
| Japan | |||||
| Mexico | |||||
| Netherlands | |||||
| Norway | |||||
| Other European Union countries not elsewhere classified | |||||
| Other countries not elsewhere classified | |||||
| Russian Federation | |||||
| Saudi Arabia | |||||
| Singapore | |||||
| South Korea | |||||
| Spain | |||||
| Switzerland | |||||
| Taiwan | |||||
| Turkey | |||||
| United Kingdom | |||||
| United States |
Observations
- Post-pandemic travel and digital services normalization — NOTES.md: Cross-border travel and commercial services rebound
Services vs. Goods: Structural Diversification Comparison
Canada's services export market is substantially more geographically diversified than its goods export market. While 69.5% of BOP goods exports go to the United States (Table 36-10-0023), only 54.0% of services exports are US-bound. European economies (UK, Germany, France, Netherlands) and Asian hubs absorb 46% of Canadian commercial, software, financial, and management services, demonstrating that intangible services face lower physical border friction than commodities.
Services Trade Balance Equilibrium
In Q2 2026, Canada's overall trade in services stood at near-perfect balance (+$26M CAD), with $62.04B in receipts offsetting $62.02B in payments. Bilateral services trade with the United States was also evenly matched (-$32M CAD balance on $33.5B of bilateral flows). This contrasts sharply with goods trade, where Canada runs massive bilateral imbalances.
Notes
Canada's international services exports reached $62.0B CAD in Q2 2026 with near-equilibrium balance (+$26M CAD), and showed significantly greater geographic diversification than goods, with the US absorbing 54.0% of services exports compared to over 72% for merchandise.
Validation Checks
External: +$26.3 million (Statistics Canada The Daily (2026-08-27): 'Canada's balance of international payments, second quarter 2026')
Exact match: table reports +$26M CAD ($26.3M) net services balance.
External: $62.0 billion (Statistics Canada The Daily (2026-08-27): 'Canada's balance of international payments, second quarter 2026')
Exact match: table reports $62,044M CAD in services receipts.
External: $62.0 billion (Statistics Canada The Daily (2026-08-27): 'Canada's balance of international payments, second quarter 2026')
Exact match: table reports $62,018M CAD in services payments.
External: 54.0% ($33.53B CAD) (Statistics Canada Balance of Payments Bilateral Matrix / The Daily (2026-08-27))
Exact arithmetic match: $33,526M to US out of $62,044M total receipts = 54.04%.