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The trade relationship of the United States with Canada is the largest in the world. In 2023, the goods and services trade between the two countries totalled $923 billion. U.S. exports were $441 billion, while imports were $482 billion, for a United States $41 billion trade deficit with Canada. [1]
Balance of trade with the United States. The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment. In 2023, Canada is the largest trading partner of the United States, followed by Mexico. [1]
The 20 largest trade partners of Canada represent 94.0% of Canada's exports, and 91.9% of Canada's imports as of December 2016. [4] These figures do not include services or foreign direct investment. The largest partners of Canada with their total trade (sum of imports and exports) in millions of Canadian Dollars for calendar year 2019 are as ...
Canada, China, and Mexico are the United States' three largest trading partners. In 2023, the last full year for which data are available, the U.S. imported $475 billion of goods from Mexico, $426 ...
The U.S. is the top destination for Canada’s exports, the majority of which are crude oils, petroleum gas, lumber, and cars and car parts, according to data from The Atlas of Economic Complexity.
Canada could impose countermeasures on up to C$150 billion ($105 billion) worth of U.S. imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with ...
The United States had become Canada's largest market, and after the war, the Canadian economy became dependent on smooth trade flows with the United States so much that in 1971 when the United States enacted the "Nixon Shock" economic policies (including a 10% tariff on all imports) it put the Canadian government into a panic. Washington ...
Trump won 26 of these states in the 2024 election and 16 of these states each have exports of more than $500 million annually to either Canada or Mexico, which are top two U.S. export markets with ...