Canada: Merchandise exports by the reporting economy, residual (% of total merchandise exports)
In , Canada's Merchandise exports by the reporting economy, residual (% of total merchandise exports) was 0.03.
That's up 42.4% from 2022, the highest value since .
The global average for this indicator in 2023 was 0.08 . Canada ranks #34 globally out of 205 reporting countries. Within North America, it ranks #2 of 3.
Source: World Bank Open Data (TX.VAL.MRCH.RS.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 0.18
- Trough
- 0.01
- 1-year change
- +42.4%
- 5-year change
- +120.2%
- +17.1% / yr
- 10-year change
- -79.7%
- -14.7% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports by the reporting economy, residual (% of total merchandise exports) |
|---|---|
| 0.0336 | |
| 0.0236 | |
| 0.0269 | |
| 0.0141 | |
| 0.0093 | |
| 0.0153 | |
| 0.0365 | |
| 0.0495 | |
| 0.1218 | |
| 0.1304 |
About Merchandise exports by the reporting economy, residual (% of total merchandise exports)
Merchandise exports by the reporting economy residuals are the total merchandise exports by the reporting economy to the rest of the world as reported in the IMF's Direction of trade database, less the sum of exports by the reporting economy to high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise exports by the economy.
Indicator code: TX.VAL.MRCH.RS.ZS • Category: Trade & Finance
Frequently asked questions
- What was Canada's Merchandise exports by the reporting economy, residual (% of total merchandise exports) in 2023?
- In 2023, Canada's Merchandise exports by the reporting economy, residual (% of total merchandise exports) was 0.03, according to World Bank Open Data.
- Is Canada's Merchandise exports by the reporting economy, residual (% of total merchandise exports) rising or falling?
- Canada's Merchandise exports by the reporting economy, residual (% of total merchandise exports) rose 42.4% from 2022 to 2023.
- How does Canada rank globally on Merchandise exports by the reporting economy, residual (% of total merchandise exports)?
- In 2023, Canada ranked #34 out of 205 countries reporting Merchandise exports by the reporting economy, residual (% of total merchandise exports).
- How does Canada's Merchandise exports by the reporting economy, residual (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports by the reporting economy, residual (% of total merchandise exports) in 2023 was 0.08, so Canada is below the world average. Within North America, it ranks #2 of 3.
- What is Merchandise exports by the reporting economy, residual (% of total merchandise exports) and how is it measured?
- Merchandise exports by the reporting economy residuals are the total merchandise exports by the reporting economy to the rest of the world as reported in the IMF's Direction of trade database, less the sum of exports by the reporting economy to high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise exports by the economy.
Source: World Bank Open Data (TX.VAL.MRCH.RS.ZS), CC BY 4.0.