All other countries;Canada; Receipts; Goods (v61914799); from Cube 36100016: Balance of international payments, current account and capital account

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Series Attributes:

Unit and Multiplier:

Dollars, Millions

Frequency:

Quarterly

Valuation Type:

Market prices (value at)
“Market prices” refer to amounts of money that buyers are willing to pay to acquire goods, services or assets from willing sellers. The exchanges are made between independent parties and on the basis of commercial considerations only, sometimes called “at arm’s length”. It includes all taxes, retail, wholesale, transportation and other margins less any subsidies on production or products.

Seasonal Adjustment:

Not seasonally adjusted
A time series is said to be “not seasonally adjusted” when no adjustments have been made to it to remove predictable seasonal regularities due to normal variations in climate through the year, the schedule of religious, civic and other holidays, established social patterns such as the timing of the school year and other factors of this nature. Time series that have not been seasonally adjusted are also not adjusted for calendar effects, as for example when one month has more working days (Mondays to Fridays) than another. Time series that are not seasonally adjusted are typically more volatile than time series that are seasonally adjusted.

Principal Data Sources:

Canadian International Merchandise Trade (Balance of Payments Basis), Statistics Canada

Methods:

Goods:

The information on goods is largely taken from Canadian customs administrative data, which record the cross-border movement of goods. For Canadian exports to the United States, they are compiled using United States import statistics (from the U.S. Census Bureau) in accordance with the 1987 Memorandum of Understanding between Canada and the United States.

When goods are imported into or exported from Canada, declarations must be filed with Customs, giving such information as description and value of the goods, origin and port clearance of commodities and the mode of transport. Most of this information is required for the purposes of Customs administration. Statistics developed from administrative records of Customs are commonly referred to as Customs based trade statistics.

The monthly International Merchandise Trade Program of the International Account and Trade Division (IATD) of Statistics Canada provides information on both customs and balance of payments basis. The data on a balance of payments basis are integrated and published quarterly within the Balance of Payments Program of the IATD.

The following summarizes the most important adjustments made in the compilation of Canadian exports and imports, from a customs basis through to their compilation on a balance of payments basis. Canadian exports to the United States on a customs basis are compiled from U.S. Customs imports from Canada to which are added Canadian re-exports and from which are subtracted U.S. goods returned through Canada and designated as Canadian origin by the United States; and U.S. imports originating from Canada but shipped from third countries and to which are added freight and related charges from point of landing to Canadian point of exit. This procedure is used for all Canadian exports to the United States except exports of natural gas and electricity. These two commodities are recorded directly from Canadian sources in both Canadian and U.S. customs data, as the Canadian sources are viewed as more accurate than U.S. import data for these series.

Data for Canadian exports to countries other than United States are compiled by Statistics Canada from B13A forms received via the Canadian Boarder Services Agency (CBSA) and from Summary Reports and Canadian Automated Export Declarations (CAED) submitted directly to Statistics Canada. The resulting customs exports to the United States and to other countries are then adjusted through four categories of balance of payments adjustments to convert them from a customs basis to a balance of payment basis: coverage adjustments, timing adjustments, valuation adjustments for inland freight, and other valuation and residency adjustments.

Canadian imports on a customs basis are also adjusted with four broad balance of payments adjustments to generate the balance of payments basis measure: coverage adjustments, timing adjustments, valuation adjustments for inland freight, and other valuation and residency adjustments.