Canada

U.S.-Canada Trade Facts

U.S. goods and services trade with Canada totaled nearly $634 billion in 2007 (latest data available). Exports totaled $292 billion; Imports totaled $342 billion. The U.S. goods and services trade deficit with Canada was $50 billion in 2007.

Canada is currently our largest goods trading partner with $600.6 billion in total (two ways) goods trade during 2008. Goods exports totaled $261.1 billion; Goods imports totaled $339.5 billion. The U.S. goods trade deficit with Canada was $78.3 billion in 2008.

Trade in services with Canada (exports and imports) totaled $67.5 billion in 2007 (latest data available). Services exports were $42.9 billion; Services imports were $74.6 billion. The U.S. services trade surplus with Canada was $18.3 billion in 2007.

Exports

Canada was the United States' largest goods export market in 2008.

U.S. goods exports to Canada in 2008 were $261.1 billion, up 4.9% ($12.3 billion) from 2007, and up 128% from 1994 (the year prior to Uruguay Round). U.S. exports to Canada are up 160% from 1993 (Pre NAFTA). U.S. exports to Canada account for 20.3% of overall U.S. exports in 2008, down from 22% in 1994.

The top export categories (2-digit HS) in 2008 were: Vehicles ($45.5 billion), Machinery ($41.4 billion), Electrical Machinery ($24.2 billion), and Mineral Fuel and Oil (oil and natural gas) ($16.8 billion), and Plastic ($11.6 billion).

U.S. exports of agricultural products to Canada totaled $16.2 billion in 2008, our largest U.S. Ag export market. Leading categories include: fresh vegetables ($1.5 billion), fresh fruit ($1.4 billion), snack foods (excluding nuts) ($1.4 billion), and red meats, fresh/chilled/frozen ($1.0 billion), processed fruit and vegetables ($942 million).

U.S. exports of private commercial services* (i.e., excluding military and government) to Canada were $42.9 billion in 2007 (latest data available), 15.2% ($5.7 billion) more than 2006 and 151% ($25.8 billion) greater than 1994 levels. The other private services (business, professional, and technical services) and tourism categories accounted for most of the U.S. exports in 2007.

Imports

Canada was the United States' largest supplier of goods imports in 2008.

U.S. goods imports from Canada totaled $339.5 billion in 2008, a 7.1% increase ($22.4 billion) from 2007, and up 163% over the last 14 years. U.S. imports from Canada are up 205% from 1993 (Pre NAFTA). U.S. imports from Canada account for 16% of overall U.S. imports in 2008, down from 19% in 1994.

The five largest import categories in 2008 were: Mineral Fuel and Oil (crude and natural gas) ($115.8 billion), Vehicles (cars) ($47.5 billion), Machinery ($21.7 billion), Plastic ($10.7 billion), and Electrical Machinery ($10.0 billion).

U.S. imports of agricultural products from Canada totaled $18.0 billion in 2008, our largest supplier of Ag imports. Leading categories: snack foods (including chocolate) ($2.5 billion), live animals ($2.0 billion), red meats, fresh/chilled/frozen ($1.6 billion), and processed fruit and vegetables ($1.2 billion)

U.S. imports of private commercial services* (i.e., excluding military and government) were $24.6 billion in 2007 (latest data available), up 3.9% ($930 million) from 2006, and up 149% ($14.7 billion) from 1994 level. The other private services and travel categories accounted for most of U.S. services imports from Canada.

Trade Balance

The U.S. goods trade deficit with Canada was $78.3 billion in 2008, a 14.9% increase ($10.2 billion) over 2007. The U.S. goods trade deficit with Canada accounted for 9.6% of the overall U.S. goods trade deficit in 2008, the same as in 1994.

The United States has a services trade surplus of $18.3 billion with Canada in 2007 (latest data available).

Investment

U.S. foreign direct investment (FDI) in Canada (stock) was $257.1 billion in 2007 (latest data available), a 11.7% increase from 2006.

U.S. direct investment in Canada is primarily concentrated in the manufacturing, finance/ insurance and mining sectors.

Canada FDI in the United States (stock) $213.2 billion in 2007 (latest data available), up 21.7% from 2006.

Canada direct investment in the U.S. is reported in the finance/insurance, manufacturing, and banking sectors.

Sales of services in Canada by majority U.S.-owned affiliates were $88.8 billion in
2006 (latest data available), while sales of services in the United States by majority
Canada-owned firms were $53.4 billion.

*NOTE: Refers to private services trade not including U.S. Military sales, direct defense expenditures, and other miscellaneous U.S. Government services.