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Trade between Canada and the United States

In 2024, Canada exported $400 billion to the United States and imported $258.1 billion. Canada ran a surplus of $141.9 billion with the United States, compared with a surplus of $83.2 billion in 2019. The United States was Canada’s largest trading partner (62% of its trade), and Canada was the United States’ 2nd (13%).

Summary

Canada → United States
$400billion
United States → Canada
$258.1billion
Canada’s balance
$141.9billion

Balance

Canada’s trade balance with the United States

Trade between Canada and the United States grew 2.6-fold since 1995

USD billions (current). Canada’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 400
  • Imports 258
  • Balance +142

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$141.6 billion$108.8 billion$32.8 billion
1996$152.7 billion$113 billion$39.8 billion
1997$164.5 billion$131.2 billion$33.3 billion
1998$168.6 billion$136.1 billion$32.4 billion
1999$190.1 billion$143.8 billion$46.3 billion
2000$219.1 billion$153.9 billion$65.2 billion
2001$204.4 billion$139.5 billion$64.9 billion
2002$200 billion$138.7 billion$61.3 billion
2003$213.9 billion$144.6 billion$69.4 billion
2004$248.5 billion$159.8 billion$88.7 billion
2005$282.3 billion$176.7 billion$105.6 billion
2006$295.6 billion$190.1 billion$105.5 billion
2007$306.7 billion$203.9 billion$102.8 billion
2008$327.9 billion$211.8 billion$116.1 billion
2009$218.7 billion$162.1 billion$56.6 billion
2010$273.3 billion$196 billion$77.3 billion
2011$310.8 billion$220 billion$90.8 billion
2012$318.6 billion$230.9 billion$87.7 billion
2013$327 billion$236.1 billion$91 billion
2014$342.8 billion$247.6 billion$95.3 billion
2015$287.5 billion$223.7 billion$63.9 billion
2016$267.5 billion$212.4 billion$55.1 billion
2017$285.5 billion$224.7 billion$60.8 billion
2018$306.5 billion$230.6 billion$75.9 billion
2019$308.7 billion$225.5 billion$83.2 billion
2020$259.9 billion$192.5 billion$67.5 billion
2021$348.3 billion$231.6 billion$116.6 billion
2022$430.4 billion$273.7 billion$156.7 billion
2023$410.3 billion$269.4 billion$140.9 billion
2024$400 billion$258.1 billion$141.9 billion

What they sell each other

What Canada sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$102.3 billion · 25.6%
    205.3 million tonnes · Canada’s destinations
  2. Cars$28.4 billion · 7.1%
    1.5 million tonnes · Canada’s destinations
  3. Refined petroleum$12.8 billion · 3.2%
    20.3 million tonnes · Canada’s destinations
  4. Auto parts$11.5 billion · 2.9%
    822 thousand tonnes · Canada’s destinations
  5. Natural gas and LPG$8.9 billion · 2.2%
    16.5 million tonnes
  6. Unwrought aluminum$7.7 billion · 1.9%
    2.7 million tonnes · Canada’s destinations
  7. Trucks$7.2 billion · 1.8%
    687 thousand tonnes · Canada’s destinations
  8. Airplanes and helicopters$6.1 billion · 1.5%
    6 thousand tonnes · Canada’s destinations
  9. Turbojets and gas turbines$5.8 billion · 1.4%
    2 thousand tonnes · Canada’s destinations
  10. Sawn wood$5.6 billion · 1.4%
    9 million tonnes · Canada’s destinations

What the United States sells to Canada

The top 10 headings in 2024, with their share of the total.

  1. Cars$15.6 billion · 6.1%
    780 thousand tonnes · the United States’ destinations
  2. Trucks$14.6 billion · 5.7%
    1.3 million tonnes · the United States’ destinations
  3. Auto parts$12.2 billion · 4.7%
    889 thousand tonnes · the United States’ destinations
  4. Refined petroleum$12 billion · 4.7%
    21.8 million tonnes · the United States’ destinations
  5. Crude petroleum$10.9 billion · 4.2%
    17.7 million tonnes · the United States’ destinations
  6. Precious metal scrap$4.4 billion · 1.7%
    8 thousand tonnes
  7. Turbojets and gas turbines$4.3 billion · 1.7%
    1 thousand tonnes · the United States’ destinations
  8. Spark-ignition engines$4.1 billion · 1.6%
    198 thousand tonnes
  9. Medicines in measured doses or retail packs$3.6 billion · 1.4%
    42 thousand tonnes · the United States’ destinations
  10. Tractors$3.2 billion · 1.2%
    423 thousand tonnes · the United States’ destinations

How it travels

Canada and the United States traded $658.1 billion in 2024 (both directions together). They trade mostly over land: 87% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Sea$85.2 billion · 12.9%
  2. Land$572.9 billion · 87.1%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United States was Canada’s largest trading partner (62% of its trade), and Canada was the United States’ 2nd (13%).

The United States in Canada’s trade
61.8%
The United States’ rank among Canada’s partners
1st
Canada in the United States’ trade
13.1%
Canada’s rank among the United States’ partners
2nd

Compare with

Other partners of Canada

Other partners of the United States

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.