What goods does Canada trade with the US?
| Canada exports to United States | Value | Year |
|---|---|---|
| Mineral fuels, oils, distillation products | $62.76B | 2020 |
| Vehicles other than railway, tramway | $41.86B | 2020 |
| Machinery, nuclear reactors, boilers | $22.38B | 2020 |
| Commodities not specified according to kind | $18.61B | 2020 |
What is Canada’s main export to the US?
Canada is the largest foreign supplier of crude oil (25% of oil imports) and natural gas to the United States. In short, this energy relationship has enhanced U.S. energy security and provided Canada with a steady demand for its energy exports.
What are Canada’s top 3 exports to the US?
Cars—$28 billion (USD)
- Cars—$28 billion (USD)
- Car parts and accessories—$20 billion (USD)
- Trucks—$15 billion (USD)
- Crude oil—$14 billion (USD)
- Processed petroleum oil—$14 billion (USD)
- Phones—$11 billion (USD)
- Computers—$9 billion (USD)
- Medications—$8 billion (USD)
How much does the United States trade with Canada?
In 2016, the goods and services trade between the two countries totaled $627.8 billion. U.S. exports were $320.1 billion, while imports were $307.6 billion. The United States had a $12.5 billion trade surplus with Canada in 2016.
What kind of goods does the United States export to Canada?
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).
What kind of trade balance does Canada have?
Canada is the 12th largest product export economy in the world but it currently has a negative trade balance of $62 billion CAD (2020 figures) when you deduct its annual import total of $369 billion from its export total of $431 billion.
Which is the largest export destination for Canada?
From a total volume of $377 billion in product exports in 2017, Canada’s exports grew by 12.7% to $431 billion in 2018. Here are Canada’s five most exported commodities: The United States is the top export destination of Canada with $296 billion of its annual exports, followed by China at $15.8 billion and the United Kingdom at $12.9 billion.