Canada | United States Trade Representative

U.S.-Canada Commerce Info

In 2019, Canada GDP was an estimated $1.7 trillion (present market trade charges); actual GDP was up by an estimated 1.6%; and the inhabitants was 37 million. (Supply: IMF)

U.S. items and companies commerce with Canada totaled an estimated $718.4 billion in 2019. Exports have been $360.4 billion; imports have been $358.0 billion. The U.S. items and companies commerce surplus with Canada was $2.4 billion in 2019.

Canada is at the moment our 2nd largest items buying and selling associate with $612.1 billion in whole (two method) items commerce throughout 2019. Items exports totaled $292.6 billion; items imports totaled $319.4 billion. The U.S. items commerce deficit with Canada was $26.8 billion in 2019.

Commerce in companies with Canada (exports and imports) totaled an estimated $106.3 billion in 2019. Companies exports have been $67.7 billion; companies imports have been $38.6 billion. The U.S. companies commerce surplus with Canada was $29.2 billion in 2019.

Exports

  • Canada was america’ largest items export market in 2019.
  • U.S. items exports to Canada in 2019 have been $292.7 billion, down 2.4% ($7.1 billion) from 2018 however up 43.0% from 2009. U.S. exports to Canada are up 191% from 1993 (pre-NAFTA). U.S. exports to Canada account for 18% of general U.S. exports in 2019.
  • The highest export classes (2-digit HS) in 2019 have been: autos ($52 billion), equipment ($45 billion), electrical equipment ($25 billion), mineral fuels ($25 billion), and plastics ($13 billion).
  • U.S. whole exports of agricultural merchandise to Canada totaled $24 billion in 2019, our 1th largest agricultural export market. Main home export classes embody: ready meals ($2.0 billion), recent greens ($2.0 billion), recent fruit ($1.5 billion), snack meals not elsewhere specified or indicated ($1.4 billion), and non-alcoholic drinks (ex. juices) ($1.0 billion).
  • U.S. exports of companies to Canada have been an estimated $67.7 billion in 2019, 1.7% ($1.2 billion) lower than 2018, however 55.9% higher than 2009 ranges. It was up roughly 298% from 1993 (pre-NAFTA). Main companies exports from the U.S. to Canada have been within the journey, skilled and administration companies, and mental property (laptop software program, audio visible and associated merchandise) sectors.
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Imports

  • Canada was america’ third largest provider of products imports in 2019.
  • U.S. items imports from Canada totaled $319.4 billion in 2019, up 0.3% ($906 million) from 2018, and up 41.2% from 2009. U.S. imports from Canada are up 187% from 1993 (pre-NAFTA). U.S. imports from Canada account for 12.8% of general U.S. imports in 2019.
  • The highest import classes (2-digit HS) in 2019 have been: mineral fuels ($86 billion), autos ($53 billion), equipment ($23 billion), particular different (returns) ($18 billion), and plastics ($11 billion).
  • U.S. whole imports of agricultural merchandise from Canada totaled $24 billion in 2019, our 2th largest provider of agricultural imports. Main classes embody: snack meals ($4.8 billion), purple meats, recent, chilled, or frozen ($2.5 billion), different vegetable oils ($1.8 billion), processed fruit & greens ($1.6 billion), and recent greens ($1.6 billion).
  • U.S. imports of companies from Canada have been an estimated $38.6 billion in 2019, 1.4% ($517 million) greater than 2018, and 62.7% higher than 2009 ranges. It was up roughly 323% from 1993 (pre-NAFTA). Main companies imports from Canada to the U.S. have been within the journey, transport, and telecommunications, laptop, and knowledge companies sectors.

Commerce Stability

  • U.S. international direct funding (FDI) in Canada (inventory) was $402.3 billion in 2019, a 9.2% improve from 2018. U.S. direct funding in Canada is led by manufacturing, nonbank holding firms, and finance and insurance coverage.
  • Canada’s FDI in america (inventory) was $495.7 billion in 2019, up 12.0% from 2018. Canada’s direct funding within the U.S. is led by manufacturing, finance and insurance coverage, and wholesale commerce.
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Funding

  • U.S. international direct funding (FDI) in Canada (inventory) was $402.3 billion in 2019, a 9.2% improve from 2018. U.S. direct funding in Canada is led by nonbank holding firms, manufacturing, and finance and insurance coverage.
  • Canada’s FDI in america (inventory) was $495.7 billion in 2019, up 12.0% from 2018. Canada’s direct funding within the U.S. is led by depository establishments, finance and insurance coverage, and manufacturing.
  • Gross sales of companies in Canada by majority U.S.-owned associates have been $122.1 billion in 2017 (newest information obtainable), whereas gross sales of companies in america by majority Canada-owned companies have been $126.2 billion.

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