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    U.S.-Canada Trade Facts

    In 2019, Canada GDP was an estimated $1.7 trillion (current market exchange rates); real GDP was up by an estimated 1.6%; and the population was 37 million. (Source: IMF)

    U.S. goods and services trade with Canada totaled an estimated $718.4 billion in 2019. Exports were $360.4 billion; imports were $358.0 billion. The U.S. goods and services trade surplus with Canada was $2.4 billion in 2019.

    Canada is currently our 2nd largest goods trading partner with $612.1 billion in total (two way) goods trade during 2019. Goods exports totaled $292.6 billion; goods imports totaled $319.4 billion. The U.S. goods trade deficit with Canada was $26.8 billion in 2019.

    Trade in services with Canada (exports and imports) totaled an estimated $106.3 billion in 2019. Services exports were $67.7 billion; services imports were $38.6 billion. The U.S. services trade surplus with Canada was $29.2 billion in 2019.

    Exports

    • Canada was the United States' largest goods export market in 2019.
    • U.S. goods exports to Canada in 2019 were $292.7 billion, down 2.4% ($7.1 billion) from 2018 but 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 overall U.S. exports in 2019.
    • The top export categories (2-digit HS) in 2019 were: vehicles ($52 billion), machinery ($45 billion), electrical machinery ($25 billion), mineral fuels ($25 billion), and plastics ($13 billion).
    • U.S. total exports of agricultural products to Canada totaled $24 billion in 2019, our 1th largest agricultural export market. Leading domestic export categories include: prepared food ($2.0 billion), fresh vegetables ($2.0 billion), fresh fruit ($1.5 billion), snack foods not elsewhere specified or indicated ($1.4 billion), and non-alcoholic beverages (ex. juices) ($1.0 billion).
    • U.S. exports of services to Canada were an estimated $67.7 billion in 2019, 1.7% ($1.2 billion) less than 2018, but 55.9% greater than 2009 levels. It was up roughly 298% from 1993 (pre-NAFTA). Leading services exports from the U.S. to Canada were in the travel, professional and management services, and intellectual property (computer software, audio visual and related products) sectors.

    Imports

    • Canada was the United States' 3rd largest supplier of goods imports in 2019.
    • U.S. goods 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 overall U.S. imports in 2019.
    • The top import categories (2-digit HS) in 2019 were: mineral fuels ($86 billion), vehicles ($53 billion), machinery ($23 billion), special other (returns) ($18 billion), and plastics ($11 billion).
    • U.S. total imports of agricultural products from Canada totaled $24 billion in 2019, our 2th largest supplier of agricultural imports. Leading categories include: snack foods ($4.8 billion), red meats, fresh, chilled, or frozen ($2.5 billion), other vegetable oils ($1.8 billion), processed fruit & vegetables ($1.6 billion), and fresh vegetables ($1.6 billion).
    • U.S. imports of services from Canada were an estimated $38.6 billion in 2019, 1.4% ($517 million) more than 2018, and 62.7% greater than 2009 levels. It was up roughly 323% from 1993 (pre-NAFTA). Leading services imports from Canada to the U.S. were in the travel, transport, and telecommunications, computer, and information services sectors.

    Trade Balance

    • U.S. foreign direct investment (FDI) in Canada (stock) was $402.3 billion in 2019, a 9.2% increase from 2018. U.S. direct investment in Canada is led by manufacturing, nonbank holding companies, and finance and insurance.
    • Canada's FDI in the United States (stock) was $495.7 billion in 2019, up 12.0% from 2018. Canada's direct investment in the U.S. is led by manufacturing, finance and insurance, and wholesale trade.

    Investment

    • U.S. foreign direct investment (FDI) in Canada (stock) was $402.3 billion in 2019, a 9.2% increase from 2018. U.S. direct investment in Canada is led by nonbank holding companies, manufacturing, and finance and insurance.
    • Canada's FDI in the United States (stock) was $495.7 billion in 2019, up 12.0% from 2018. Canada's direct investment in the U.S. is led by depository institutions, finance and insurance, and manufacturing.
    • Sales of services in Canada by majority U.S.-owned affiliates were $122.1 billion in 2017 (latest data available), while sales of services in the United States by majority Canada-owned firms were $126.2 billion.