Canada / United States

Overview In August 2024, Canada exported C$43.7B and imported C$32.3B from United States, resulting in a positive trade balance of C$11.5B. Between August 2023 and August 2024 the exports of Canada have decreased by C$-4B (-8.37%) from C$47.7B to C$43.7B, while imports decreased by C$-860M (-2.6%) from C$33.1B to C$32.3B.

Trade In August 2024, the top exports of Canada to United States were Crude Petroleum (C$10.9B), Petroleum Gas (C$3.52B), Cars (C$3.35B), Refined Petroleum (C$1.84B), and Motor vehicles; parts and accessories (8701... (C$1.3B). In August 2024 the top imports of Canada from United States were Cars (C$1.61B), Refined Petroleum (C$1.43B), Motor vehicles; parts and accessories (8701... (C$1.41B), Delivery Trucks (C$1.34B), and Crude Petroleum (C$1.15B).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$15.2B), Alberta (C$13.4B), Quebec (C$7.02B), British Columbia (C$2.5B), and Saskatchewan (C$2.18B), while imports destinations were mainly Ontario (C$20.8B), Quebec (C$3B), British Columbia (C$2.15B), Alberta (C$2.11B), and Manitoba (C$1.99B).

Growth In August 2024, the decrease in Canada's year-by-year exports to United States was explained primarily by an decrease in product exports in Sawn Wood (C$-411M or -44%), Hot-Rolled Iron (C$-173M or -54.2%), and Ethylene Polymers (C$-167M or -29.1%). In August 2024, the decrease in Canada's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Vaccines, blood, antisera, toxins and cultures (C$-371M or -67.6%), Gold (C$-259M or -60.6%), and Commodities not elsewhere specified (C$-227M or -42%).