Canada

U.S.-Canada Trade Factsf

U.S. goods and services trade with Canada totaled nearly $495 billion in 2009 latest data available for goods and services trade). Exports totaled $247 billion; Imports totaled $270 billion. The U.S. goods and services trade deficit with Canada was $1.6 billion in 2009.

Canada is currently our largest goods trading partner with $525 billion in total (two ways) goods trade during 2010. Goods exports totaled $248 billion; Goods imports totaled $276 billion. The U.S. goods trade deficit with Canada was $28 billion in 2010.

Trade in services with Canada (exports and imports) totaled $64 billion in 2009 (latest data available for services trade). Services exports were $42 billion; Services imports were $22 billion. The U.S. services trade surplus with Canada was $20 billion in 2009.

Exports

Canada was the United States' largest goods export market in 2010.

U.S. goods exports to Canada in 2009 were $248.2 billion, up 21.3% ($43.5 billion) from 2009, and up 116.9% from 1994 (the year prior to Uruguay Round). U.S. exports to Canada are up 148% from 1993 (Pre NAFTA). U.S. exports to Canada account for 19.4% of overall U.S. exports in 2010.

The top export categories (2-digit HS) in 2010 were: Vehicles ($42.1 billion), Machinery ($38.5 billion), Electrical Machinery ($24.7 billion), Mineral Fuel and Oil (oil and natural gas) ($12.5 billion), and Plastic ($11.2 billion).

U.S. exports of agricultural products to Canada totaled $16.9 billion in 2010, our 2nd largest U.S. Ag export market. Leading categories include: fresh vegetables ($1.6 billion), fresh fruit ($1.5 billion), snack foods (excluding nuts) ($1.5 billion), processed fruit and vegetables ($1.1 billion), and red meats, fresh/chilled/frozen ($1.1 billion).

U.S. exports of private commercial services* (i.e., excluding military and government) to Canada were $42 billion in 2009 (latest data available), 5.9% ($2.7 billion) less than 2008 but 146% greater than 1994 levels. The other private services (business, professional, and technical services, financial services, and insurance services) and travel categories accounted for most of the U.S. exports in 2009.

Imports

Canada was the United States' 2nd supplier of goods imports in 2010.

U.S. goods imports from Canada totaled $276.5 billion in 2010, a 22.2% increase ($50.2 billion) from 2009, and up 114.4% over the last 16 years. U.S. imports from Canada are up 149% from 1993 (Pre NAFTA). U.S. imports from Canada account for 14.5% of overall U.S. imports in 2010.

The five largest import categories in 2010 were: Mineral Fuel and Oil (crude and natural gas) ($82.8 billion), Vehicles (cars) ($46.1 billion), Machinery ($17.6 billion), Plastic ($9.1 billion), and Electrical Machinery ($7.9 billion).

U.S. imports of agricultural products from Canada totaled $16.2 billion in 2010, our largest supplier of Ag imports. Leading categories: snack foods (including chocolate) ($2.7 billion), red meats, fresh/chilled/frozen ($1.8 billion), live animals ($1.5 billion), and other vegetable oils ($1.1 billion).

U.S. imports of private commercial services* (i.e., excluding military and government) to Canada were $22.0 billion in 2009 (latest data available), down 11.2% ($2.8 billion) from 2008, but up 123% from 1994 level. The other private services (business, professional and technical services) travel, and other transportation (freight services) categories accounted for most of U.S. services imports from Canada.

Trade Balance

The U.S. goods trade deficit with Canada was $28.3 billion in 2010, a 31.0% increase ($6.7 billion) over 2009. The U.S. goods trade deficit with Canada accounted for 4.5% of the overall U.S. goods trade deficit in 2010.

The United States has a services trade surplus of $20.0 billion with Canada in 2009 (latest data available), up 1% from 2008.

Investment

U.S. foreign direct investment (FDI) in Canada (stock) was $259.8 billion in 2009 (latest data available), an 8.6% increase from 2008.

U.S. direct investment in Canada is led by the manufacturing, nonbank holding companies, and finance/ insurance sectors.

Canada FDI in the United States (stock) was $225.8 billion in 2009 (latest data available), up 16.3% from 2008.

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

Sales of services in Canada by majority U.S.-owned affiliates were $112.1 billion in 2008 (latest data available), while sales of services in the United States by majority Canada-owned firms were $67.0 billion.

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