Overview In December 2022, United States exported $27.8B and imported $32.9B from Canada, resulting in a negative trade balance of $5.09B. Between December 2021 and December 2022 the exports of United States have increased by $202M (0.73%) from $27.6B to $27.8B, while imports decreased by $-159M (-0.48%) from $33B to $32.9B.
Trade In December 2022, 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 December 2022 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 December 2022 the exports of United States were mainly from Texas ($2.74B), Michigan ($2.06B), Illinois ($1.81B), New York ($1.65B), and California ($1.6B), while imports destinations were mainly Illinois ($5.42B), Michigan ($3.95B), Texas ($2.75B), Washington ($1.74B), and California ($1.55B).
Growth In December 2022, 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 ($269M or 187%). In December 2022, the decrease in United States's year-by-year imports from Canada was explained primarily by an decrease in product imports in Cars ($-612M or -26%), Other Precious Metal Products ($-175M or -55%), and Sawn Wood ($-126M or -14.9%).