Overview In November 2022, Canada exported C$44.1B and imported C$31.3B from United States, resulting in a positive trade balance of C$12.9B. Between November 2021 and November 2022 the exports of Canada have increased by C$2.89B (7%) from C$41.3B to C$44.1B, while imports increased by C$4.24B (15.7%) from C$27B to C$31.3B.
Trade In November 2022, the top exports of Canada to United States were Crude Petroleum (C$11.2B), Cars (C$2.76B), Petroleum Gas (C$2.62B), Refined Petroleum (C$1.52B), and Motor vehicles; parts and accessories (8701... (C$1.01B). In November 2022 the top imports of Canada from United States were Delivery Trucks (C$1.84B), Cars (C$1.79B), Commodities not elsewhere specified (C$1.67B), Refined Petroleum (C$1.62B), and Motor vehicles; parts and accessories (8701... (C$1.5B).
Origins In November 2022 the exports of Canada were mainly from Ontario (C$14.8B), Alberta (C$14.4B), Quebec (C$6.68B), British Columbia (C$2.79B), and Saskatchewan (C$2.37B), while imports destinations were mainly Ontario (C$20.4B), Quebec (C$3.06B), Alberta (C$2.09B), British Columbia (C$2B), and Manitoba (C$1.74B).
Growth In November 2022, the increase in Canada's year-by-year exports to United States was explained primarily by an increase in product exports in Sawn Wood (C$681M or 160%), Petroleum Gas (C$377M or 38.7%), and Other Precious Metal Products (C$339M or 507%). In November 2022, the increase in Canada's year-by-year imports from United States was explained primarily by an increase in product imports in Cars (C$170M or 16.8%), Commodities not elsewhere specified (C$97M or 21.8%), and Precious Metal Scraps (C$90M or 47.8%).