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2023
Flag → Flag
Exports $410BRnk 1 / 215
2023
Flag → Flag
Top Product $97.1BCrude Petroleum
2023
Flag → Flag
Exports $269BRnk 1 / 220
2023
Flag → Flag
Top Product $15.8BDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

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 6.04%, 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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$45.3B and imported C$31.8B from United States, resulting in a positive trade balance of C$13.5B. Between November 2023 and November 2024 the exports of Canada have decreased by C$-2.62B (-5.47%) from C$47.9B to C$45.3B, while imports increased by C$984M (3.19%) from C$30.8B to C$31.8B.

Trade In November 2024, the top exports of Canada to United States were Crude Petroleum (C$10.9B), Petroleum Gas (C$3.52B), Cars (C$3.35B), Refined Petroleum (C$1.84B), and Motor vehicles; parts and accessories (8701... (C$1.3B). In November 2024 the top imports of Canada from United States were Cars (C$1.61B), Refined Petroleum (C$1.43B), Motor vehicles; parts and accessories (8701... (C$1.41B), Delivery Trucks (C$1.34B), and Crude Petroleum (C$1.15B).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$16.8B), Alberta (C$12.5B), Quebec (C$8.36B), British Columbia (C$2.25B), and Saskatchewan (C$2.08B), while imports destinations were mainly Ontario (C$21.4B), Quebec (C$3.03B), Alberta (C$2.24B), Manitoba (C$1.67B), and British Columbia (C$1.66B).

Growth In November 2024, the decrease in Canada's year-by-year exports to United States was explained primarily by an decrease in product exports in Sawn Wood (C$-411M or -44%), Hot-Rolled Iron (C$-173M or -54.2%), and Ethylene Polymers (C$-167M or -29.1%). In November 2024, the increase in Canada's year-by-year imports  from United States was explained primarily by an increase in product imports  in Motor vehicles; parts and accessories (8701... (C$549M or 63.4%), Cars (C$519M or 47.4%), and Delivery Trucks (C$294M or 28.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-2.62B(-5.47%)
IMPORT GROWTH (November 2023 - November 2024)C$984M(3.19%)
MAIN EXPORTER (November 2024)OntarioC$16.8B

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

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

For full datasets download visit Bulk Download page.

Explore United States and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 6.04%, from $306B in 2018 to $410B in 2023.

In 2018, 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 2023 to $269B in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
United States
Top DestinationCanada$269B

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

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

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

Comparative Advantage Canada - United States

Flow
Scale

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

During 2023, Canada had a large net trade with United States in the exports of Mineral Products ($133B), Transportation ($65.5B), and Machines ($42.5B).

During 2018, United States had a large net trade with Canada in the exports of Transportation ($59.7B), Machines ($53.9B), and Mineral Products ($33.1B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada United States+$5.34BCars
Top Product Potential United States Canada+$1.7BRefined Petroleum

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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Economic Complexity

Competitive Landscape

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

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

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