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The trade relationship of the United States with Canada is the largest in the world. In 2023, the goods and services trade between the two countries totalled $923 billion. U.S. exports were $441 billion, while imports were $482 billion, for a United States $41 billion trade deficit with Canada. [1]
Balance of trade with the United States. The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment. In 2023, Canada is the largest trading partner of the United States, followed by Mexico. [1]
The United States is by far Canada's largest trading partner, with more than $1.7 billion CAD in trade per day in 2005. [150] In 2009, 73% of Canada's exports went to the United States, and 63% of Canada's imports were from the United States. [151] Trade with Canada makes up 23% of the United States' exports and 17% of its imports. [152]
In 2024 the population of Canada was estimated to be 40,784,365 (Q1, 2024) [1] compared to 36,991,981 in 2021 [2] while the population of the United States was estimated to 339,268,209 in Q1 2024, [3] more than eight times larger than Canada. The United States GDP was $24.8 trillion in 2021. [4] The United States has the largest economy ...
The U.S. is the top destination for Canada’s exports, the majority of which are crude oils, petroleum gas, lumber, and cars and car parts, according to data from The Atlas of Economic Complexity.
Canada could impose countermeasures on up to C$150 billion ($105 billion) worth of U.S. imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with ...
New Jersey annually imports $8.9 billion in goods from Canada and $7.6 ... 25% tariff on all products coming into the United States from Canada and ... ships the largest volume of goods to the ...
The following is a list and analysis of imports into the United States for 2020 and 2019 in millions of United States dollars. [1] [2] The United States imported $2,810.6 billion worth of goods and services in 2020, down $2,945 billion from 2019. This consisted of $2,350.6 billion worth of goods and $460.1 billion worth of services.