Canada (CAN) and United States (USA) Trade

About

Canada-United States: In 2018, Canada exported $314B to United States. The main products that Canada exported to United States are Crude Petroleum ($63.5B), Cars ($38.4B), and Refined Petroleum ($10.8B). During the last 23 years the exports of Canada to United States have increased at an annualized rate of 3.53%, from $141B in 1995 to $314B in 2018.

In 2018, Canada exported services to United States worth $15.3B, with Travel ($8.56B), Transportation ($6.42B), and Government services, n.i.e. ($330M) being the largest in terms of value.

United States-Canada: In 2018, United States exported $190B to Canada . The main products that United States exported to Canada were Cars ($14.9B), Refined Petroleum ($11.6B), and Delivery Trucks ($11.6B). During the last 23 years the exports of Canada to United States have increased at an annualized rate of 3.53%, from $141B in 1995 to $314B in 2018.

In 2011, United States exported services to Canada worth $43.7B, with Travel ($20.4B), Royalties and license fees ($10.2B), and Transportation ($7.95B) being the largest in terms of value.

Comparison: In 2018, Canada ranked 25 in the Economic Complexity Index (ECI 0.98), and 12 in total exports ($431B). That same year, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T).

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, Canada exported $314B to United States. The main products exported from Canada to United States were Crude Petroleum ($63.5B), Cars ($38.4B), and Refined Petroleum ($10.8B). During the last 23 years the exports of Canada to United States have increased at an annualized rate of 3.53%, from $141B in 1995 to $314B in 2018.

In 2018, United States exported $190B to Canada. The main products exported from United States to Canada were Cars ($14.9B), Refined Petroleum ($11.6B), and Delivery Trucks ($11.6B). During the last 23 years the exports of United States to Canada have increased at an annualized rate of 2.48%, from $108B in 1995 to $190B in 2018.

Latest Data

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Date

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Market Competitiveness

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Measure

SectionYear

Canada
Top Destination: United States, $314B

United States
Top Destination: Mexico, $237B

This map shows whether countries import more from Canada or United States. Each country is colored based on the difference in imports they receive from Canada and United States or the difference in the growth in imports.

In 2018, countries that imported more from Canada than United States were Latvia ($911M), Bonaire ($79.2M), and Nepal ($80.2M).

In 2018, countries that imported more from United States than Canada were Mexico ($237B), China ($119B), and Japan ($73.5B).

Comparative Advantage Canada - United States

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Depth

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This chart compares trade between Canada and United States by product, considering products traded by both, Canada and United States.

During 2018, Canada had a large net trade with United States in the exports of Mineral Products ($87.8B), Transportation ($60.8B), and Machines ($35.6B).

During 2018, United States had a large net trade with Canada in the exports of Transportation ($38.6B), Machines ($34.1B), and Mineral Products ($28B).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Canada and United States (using the HS6 product classification and the last year reported).

In 2018, the products from Canada that paid the highest import tariffs to enter United States were Dairy produce: fats and oils derived from milk (other than butter or dairy spreads) (314%) and Dairy produce: derived from milk, butter (299%).

In 2018, the products from United States that paid the highest import tariffs to enter Canada were Ground-nuts: other than seed, not roasted or otherwise cooked, in shell (164%) and Ground-nuts: seed, not roasted or otherwise cooked, whether or not shelled or broken (132%).

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*The tariffs present between Canada and United States are:
107: Canada United States Free Trade Agreement
136: Most Favoured Nation duty rate treatement
142: North American Free Trade Agreement (NAFTA)

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Service Trade

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Bilateral Service Trade

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Usa YearCan Year

In 2018, Canada exported services to United States worth $15.3B, with Travel ($8.56B), Transportation ($6.42B), and Government services, n.i.e. ($330M) being the largest in terms of value.

In 2011, United States exported services to Canada worth $43.7B, with Travel ($20.4B), Royalties and license fees ($10.2B), and Transportation ($7.95B) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more Canada has comparative advantage over United States. Similarly, the more red a dot/product is, the more United States has comparative advantage over Canada.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Canada - United States

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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