The timeline shows the total value of U.S. trade in goods (export and import) with Canada from 2004 to 2024. In 2024, the total value of U.S. trade in goods with Canada amounted to *** billion U.S. dollars; composed of ***** billion U.S. dollars in exports and ***** billion U.S. dollars in imports.

United States Exports to Canada was US$348.41 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports to Canada - data, historical chart and statistics - was last updated on June of 2025.

Canada Exports to United States was US$434.88 Billion during 2024, according to the United Nations COMTRADE database on international trade. Canada Exports to United States - data, historical chart and statistics - was last updated on July of 2025.

Canada recorded a trade deficit of 5900 CAD Million in May of 2025. This dataset provides the latest reported value for - Canada Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the estimated value of the retaliation limits permitted by the World Trade Organization for major trading partners of the United States should a case be brought against the United States as a result of President Trump's proposed tariff on steel and aluminum imports, as of March 2018. The retaliation limit is based on the estimated export losses due to Trump's trade tariffs. Should such a case be successful these figures show the retaliation capacity of each country as they could then impose tariffs against the United States on other products to the prescribed value without breaking World Trade Organization regulations.

It is estimated that if the case were successful, Canada would be able to impose tariffs on U.S. imports to the value of 3.2 billion U.S. dollars. This retaliation limit would be awarded to them by the World Trade Organization, allowing tariffs that would normally risk sanctions. The 3.2 billion U.S. dollar retaliation limit would be afforded to Canada in response to the expected 2 billion U.S. dollars in lost steel exports and 1.2 billion U.S. dollars in lost aluminum exports if the tariffs were to be imposed.

As of 2023, Mexico and Canada were considerably more reliant on trade than the United States. While trade in goods and services made up over 70 percent of Mexico's GDP in 2023, only 25 percent of the U.S. GDP was made up by trade. The United States-Mexico-Canada Agreement (USMCA) is a trade deal that replaced NAFTA in 2020 in an attempt to boost North American trade while protecting domestic industries. Designed to facilitate free trade among the members, most goods crossing North American borders are supposed to be duty-free.

Canada trade balance for 2023 was -9.72 billion US dollars, a 442.91% decline from 2022.

<ul style='margin-top:20px;'>

<li>Canada trade balance for 2022 was <strong>2.84 billion US dollars</strong>, a <strong>1553.86% increase</strong> from 2021.</li>
<li>Canada trade balance for 2021 was <strong>171.47 million US dollars</strong>, a <strong>100.47% decline</strong> from 2020.</li>
<li>Canada trade balance for 2020 was <strong>-36.58 billion US dollars</strong>, a <strong>43.1% increase</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Canada and United States bilateral trade in goods data produced by Statistics Canada and the United States Census Bureau (customs basis) and the United States Bureau of Economic Analysis (balance of payments basis). Data are presented before and after adjustments made to standardize definitions. Quarterly data are available on Customs and on Balance of payments basis and are not seasonally adjusted.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

United States Imports from Canada was US$421.21 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Canada - data, historical chart and statistics - was last updated on June of 2025.

Canada Imports from United States was US$274.39 Billion during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from United States - data, historical chart and statistics - was last updated on May of 2025.

In 2024, the total value of U.S. trade goods amounted to approximately 5.4 trillion U.S. dollars. This shows the significance and scale of international trade for the economy of the United States. In 2024, the United States imported goods valuing around 3.3 trillion U.S. dollars from international trading partners, in comparison the value of goods exported from the United States to other countries amounted to around 2.1 trillion U.S. dollars.Import and export trade The import of trade goods relate to goods brought into the United States. This typically refers to goods grown, produced, or manufactured in other countries. Imports include goods of domestic origin which have been worked on abroad before reentering the United States. The export of trade goods refer to goods sold internationally which were grown, produced, or manufactured in the United States. It also includes commodities of foreign origin which have been changed in the United States from the form in which they were imported, or which have been enhanced in value or condition by further processing or manufacturing within the United States before again being sold internationally. Leading trade partners of the United States In 2023, Mexico was the largest source of goods imported into the United States, with goods valuing approximately 475.6 billion U.S. dollars. Mexico and Canada were the second and third largest exporters of goods to the United States, respectively. In 2023, Canada was the leading destination of goods exported from the United States, with U.S. trade goods worth over 350 billion U.S. dollars exported to Canada. Mexico and China also feature at the top of the list of importers of U.S. goods.

Primary reason business or organization does not carry out trade under the Canada-United States-Mexico Agreement (CUSMA), by North American Industry Classification System (NAICS), business employment size, type of business, business activity and majority ownership, fourth quarter of 2021.

This table contains 6 series, with data for years 1948 - 1993 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: United States ...), Seasonal adjustment (2 items: Unadjusted;Seasonally adjusted ...), Type of trade (3 items: Merchandise exports;Merchandise imports;Merchandise balance ...).

The statistic shows the trade balance of goods (exports minus imports of goods) in Canada from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, the trade deficit of goods in Canada amounted to about **** billion U.S. dollars. Trade with Canada Canada reported a trade surplus until 2009 when the country’s trade balance went negative for the first time in recent history. Its deficit was ignited at the height of the global recession, and the value of exports decreased significantly at that time. It is only now showing signs of a recovery. Meanwhile, while imports decreased during the recession as well, they bounced back faster than exports. Currently, Canada maintains neither a trade deficit nor a trade surplus as both imports and exports amount to around *** billion U.S. dollars worth of goods. Canada is hoping this will continue, and it is looking to lower tariffs on exports in order to further boost the economy and increase exports. Canada has a long and strong trading relationship with the United States - Canada’s southern neighbor is without a doubt its most important export and import partner. Overall, Canada maintains an export advantage over the United States; maintaining greater export flows than import flows. The U.S. dollar is also worth more than the Canadian dollar, favoring further exports from Canada. China and Mexico also import Canadian goods, but significantly less than the United States.

United States Exports of plastics to Canada was US$15.07 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports of plastics to Canada - data, historical chart and statistics - was last updated on July of 2025.

United States Exports of aluminum to Canada was US$3.21 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports of aluminum to Canada - data, historical chart and statistics - was last updated on July of 2025.

United States Imports from Canada of Pharmaceutical products was US$5.34 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Canada of Pharmaceutical products - data, historical chart and statistics - was last updated on May of 2025.

United States Imports from Canada of Isotopes, Inorganic or Organic Compounds of Isotopes was US$95.7 Million during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Canada of Isotopes, Inorganic or Organic Compounds of Isotopes - data, historical chart and statistics - was last updated on July of 2025.

This table contains 680 series, with data for years 1968 - 1985 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Import and export major groups and Standard International Trade Classification (SITC) (174 items: Total; import commodity classes;Section II imports; food; feed; beverages and tobacco;Meat and meat preparations; imports;Section I imports; live animals ...), Trading area (2 items: All countries;United States ...), Weighting (2 items: Paasche current weighted;Laspeyres fixed weighted ...).