Overview In March 2022 United States exported $32.4B and imported $40.5B from Canada, resulting in a negative trade balance of $8.03B. Between March 2021 and March 2022 the exports of United States have increased by $4.54B (16.3%) from $27.9B to $32.4B, while imports increased by $10.7B (35.8%) from $29.8B to $40.5B.
Trade In March 2022, the top exports of United States to Canada were Cars ($1.56B), Motor vehicles; parts and accessories (8701... ($1.3B), Delivery Trucks ($1.19B), Commodities not elsewhere specified ($1.19B), and Refined Petroleum ($1.14B). In March 2022 the top imports of United States from Canada were Crude Petroleum ($10.3B), Cars ($2.98B), Commodities not elsewhere specified ($1.73B), Petroleum Gas ($1.55B), and Refined Petroleum ($1.45B).
Origins In March 2022 the exports of United States were mainly from Texas ($3.45B), Michigan ($2.49B), Illinois ($2.11B), Ohio ($1.81B), and California ($1.78B), while imports destinations were mainly Illinois ($5.61B), Michigan ($4.55B), Texas ($2.78B), California ($2.67B), and New York ($2.23B).
Growth In March 2022, the increase in United States's year-by-year exports to Canada was explained primarily by an increase in product exports in Gold ($125M or 168%), Cars ($114M or 14.3%), and Platinum ($82.4M or 115%). In March 2022, the increase in United States's year-by-year imports from Canada was explained primarily by an increase in product imports in Sawn Wood ($535M or 172%), Other Precious Metal Products ($268M or 524%), and Particle Board ($184M or 167%).