Overview In January 2023, United States exported $27.4B and imported $34.5B from Canada, resulting in a negative trade balance of $7.07B. Between January 2022 and January 2023 the exports of United States have increased by $2.82B (11.5%) from $24.6B to $27.4B, while imports increased by $2.25B (6.99%) from $32.2B to $34.5B.
Trade In January 2023, the top exports of United States to Canada were Refined Petroleum ($950M), Cars ($891M), Delivery Trucks ($863M), Motor vehicles; parts and accessories (8701... ($809M), and Crude Petroleum ($720M). In January 2023 the top imports of United States from Canada were Crude Petroleum ($7.81B), Petroleum Gas ($2.6B), Cars ($1.74B), Commodities not elsewhere specified ($1.61B), and Refined Petroleum ($1.12B).
Origins In January 2023 the exports of United States were mainly from Texas ($2.99B), Michigan ($2.39B), Illinois ($1.77B), Ohio ($1.72B), and California ($1.51B), while imports destinations were mainly Illinois ($5.54B), Michigan ($3.79B), Texas ($2.8B), Washington ($2.04B), and New York ($1.75B).
Growth In January 2023, the increase in United States's year-by-year exports to Canada was explained primarily by an increase in product exports in Refined Petroleum ($372M or 64.3%), Vaccines, blood, antisera, toxins and cultures ($348M or 363%), and Petroleum Gas ($269M or 187%). In January 2023, the increase in United States's year-by-year imports from Canada was explained primarily by an increase in product imports in Crude Petroleum ($3.47B or 79.9%), Petroleum Gas ($1.65B or 172%), and Refined Petroleum ($413M or 58.6%).