United States (USA) and Canada (CAN) Trade

2023

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Exports $269BRnk 1 / 220

2023

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About

United States-Canada Trade: In 2023, United States exported $269B to Canada. The main products that United States exported to Canada were Delivery Trucks ($15.8B), Cars ($15.8B), and Motor vehicles; parts and accessories (8701 to 8705) ($13.7B). Over the past 5 years the exports of United States to Canada have increased at an annualized rate of 3.15%, from $231B in 2018 to $269B in 2023.

In 2017, United States exported services to Canada worth $69.8B, with Travel ($18.1B), Financial services ($13.9B), and Other business services ($12.6B) being the largest in terms of value.

Canada-United States Trade: In 2023, Canada exported $410B to United States. The main products that Canada exported to United States were Crude Petroleum ($97.1B), Cars ($35B), and Petroleum Gas ($14.3B). Over the past 5 years the exports of Canada to United States have increased at an annualized rate of 4.28%, from $306B in 2018 to $410B in 2023.

In 2020, Canada exported services to United States worth $25.5B, with Computer and information services ($7.68B), Transportation ($5.45B), and Financial services ($5.08B) being the largest in terms of value.

Comparison: In 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Company data: In 2023, leading companies such as Celebrity Cruises (185), Costco Wholesale (141), and Walmart (94) were at the forefront of exporting goods from Canada to the United States. Conversely, Other (328), Celebrity Cruises Inc. (185), and Ncl (bahamas) Ltd (88) were notable for importing products to Canada from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $28.4B and imported $33.4B from Canada, resulting in a negative trade balance of $5.05B. Between November 2023 and November 2024 the exports of United States have decreased by $-687M (-2.36%) from $29.1B to $28.4B, while imports decreased by $-2.7B (-7.48%) from $36.1B to $33.4B.

Trade In November 2024, the top exports of United States to Canada were Motor vehicles; parts and accessories (8701... ($1.23B), Cars ($1.17B), Refined Petroleum ($1.1B), Delivery Trucks ($1.04B), and Crude Petroleum ($858M). In November 2024 the top imports of United States from Canada were Crude Petroleum ($7.7B), Cars ($2.49B), Petroleum Gas ($1.7B), Commodities not elsewhere specified ($1.56B), and Refined Petroleum ($1.39B).

Origins In November 2024 the exports of United States were mainly from Texas ($3.14B), Michigan ($1.73B), Ohio ($1.51B), Illinois ($1.45B), and California ($1.35B), while imports destinations were mainly Illinois ($5.4B), Texas ($3.56B), Michigan ($3.46B), New York ($1.87B), and Ohio ($1.55B).

Growth In November 2024, the decrease in United States's year-by-year exports to Canada was explained primarily by an decrease in product exports in Vaccines, blood, antisera, toxins and cultures ($-330M or -74.5%), Gold ($-300M or -83.1%), and Commodities not elsewhere specified ($-124M or -18.7%). In November 2024, the decrease in United States's year-by-year imports from Canada was explained primarily by an decrease in product imports in Petroleum Gas ($-904M or -34.7%), Sawn Wood ($-355M or -49.3%), and Ethylene Polymers ($-152M or -33.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$-687M(-2.36%)

IMPORT GROWTH (November 2023 - November 2024)$-2.7B(-7.48%)

MAIN EXPORTER (November 2024)Texas$3.14B

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Canada and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, United States exported $269B to Canada. The main products exported from United States to Canada were Delivery Trucks ($15.8B), Cars ($15.8B), and Motor vehicles; parts and accessories (8701 to 8705) ($13.7B). During the last 5 years the exports of United States to Canada have increased at an annualized rate of 3.15%, from $231B in 2018 to $269B in 2023.

In 2018, Canada exported $410B to United States. The main products exported from Canada to United States were Crude Petroleum ($97.1B), Cars ($35B), and Petroleum Gas ($14.3B). During the last 5 years the exports of Canada to United States have increased at an annualized rate of 4.28%, from $306B in 2023 to $410B in 2018.

Exports from United States () to Canada () (2023)

Exports from Canada () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from United States than Canada included Mexico ($243B), China ($154B), and Germany ($94.8B).

In 2023, countries that imported more from Canada than United States included Bonaire ($342M), Iran ($338M), and Botswana ($314M).

Difference in imports from Canada () and United States () (2023)

Comparative Advantage United States - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, United States had a large net trade with Canada in the exports of Transportation ($59.7B), Machines ($53.9B), and Mineral Products ($33.1B).

During 2018, Canada had a large net trade with United States in the exports of Mineral Products ($133B), Transportation ($65.5B), and Machines ($42.5B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Canada+$1.7BRefined Petroleum

Top Product Potential Canada United States+$5.34BCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Can Year

Usa Year

In 2017, United States exported services to Canada worth $69.8B, with Travel ($18.1B), Financial services ($13.9B), and Other business services ($12.6B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Canada () (2017)

Services Exports from Canada () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Canada. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over United States.

Product Space of United States () and Canada () (2023)

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