In Q2 2026, Canada’s international trade balance showed mixed trends, with total receipts reaching $62.044 billion and payments totaling $62.018 billion. The United States remained Canada’s largest trading partner, with receipts of $33.528 billion and payments of $33.560 billion. China contributed $2.420 billion in receipts and $1.094 billion in payments, while the European Union (excluding the UK) accounted for $6.481 billion in receipts and $8.755 billion in payments. Receipts from the EU and China increased compared to Q1 2026, but payments to the EU grew significantly. Overall, Canada maintained a slight surplus of $26 million in the quarter. Key trading partners included India, Japan, and South Korea, with notable fluctuations in trade volumes.
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