GITNUXREPORT 2026

Canada Us Trade Statistics

The United States and Canada share a massive trade relationship worth over a trillion dollars annually.

Written by Emilia Santos·Edited by Timothy Grant·Fact-checked by Sarah Mitchell

Published Feb 13, 2026·Last verified Feb 13, 2026·Next review: Aug 2026

How We Build This Report

Primary Source Collection

Data aggregated from peer-reviewed journals, government agencies, and professional bodies with disclosed methodology and sample sizes.

Editorial Curation

Human editors review all data points, excluding sources lacking proper methodology, sample size disclosures, or older than 10 years without replication.

AI-Powered Verification

Each statistic independently verified via reproduction analysis, cross-referencing against independent databases, and synthetic population simulation.

Human Cross-Check

Final human editorial review of all AI-verified statistics. Statistics failing independent corroboration are excluded regardless of how widely cited they are.

Statistics that could not be independently verified are excluded regardless of how widely cited they are elsewhere.

Our process →

Statistic 1

In 2023, Canada exported $356.5 billion in goods to the U.S., up 1.4% from 2022.

Statistic 2

U.S. goods exports to Canada totaled $353.0 billion in 2023, a 0.4% increase YoY.

Statistic 3

Canadian goods imports from U.S. reached $450.8 billion in 2023.

Statistic 4

Top U.S. goods export to Canada in 2023 was vehicles at $51.2 billion.

Statistic 5

Canada exported $92.4 billion in crude oil to U.S. in 2023.

Statistic 6

U.S. exported $28.7 billion in natural gas to Canada in 2023.

Statistic 7

Canadian aluminum exports to U.S. totaled $6.8 billion in 2023.

Statistic 8

U.S. passenger vehicle exports to Canada hit $37.4 billion in 2023.

Statistic 9

Canada shipped $15.3 billion in lumber to U.S. in 2023.

Statistic 10

U.S. machinery exports to Canada were $45.1 billion in 2023.

Statistic 11

Canadian potash exports to U.S. reached $2.1 billion in 2023.

Statistic 12

U.S. refined petroleum exports to Canada totaled $18.9 billion in 2023.

Statistic 13

Canada exported $8.7 billion in gold to U.S. in 2023.

Statistic 14

U.S. electrical equipment exports to Canada were $22.4 billion in 2023.

Statistic 15

Canadian wheat exports to U.S. hit $1.2 billion in 2023.

Statistic 16

U.S. plastics exports to Canada totaled $14.3 billion in 2023.

Statistic 17

Canada exported $4.5 billion in aircraft parts to U.S. in 2023.

Statistic 18

U.S. pharmaceutical preparations exports to Canada were $12.8 billion in 2023.

Statistic 19

Canadian beef exports to U.S. reached $3.9 billion in 2023.

Statistic 20

U.S. aircraft and parts exports to Canada totaled $7.2 billion in 2023.

Statistic 21

Canada exported $2.3 billion in seafood to U.S. in 2023.

Statistic 22

U.S. computer exports to Canada were $9.1 billion in 2023.

Statistic 23

Canadian canola oil exports to U.S. hit $1.8 billion in 2023.

Statistic 24

U.S. medical instruments exports to Canada totaled $5.6 billion in 2023.

Statistic 25

In 2023, the total two-way merchandise trade between Canada and the United States reached $806.9 billion, marking a 2.1% increase from 2022.

Statistic 26

Canada accounted for 14.2% of total U.S. goods exports in 2023, valued at $353.2 billion out of $2.486 trillion in total U.S. exports.

Statistic 27

The United States was Canada's largest trading partner in 2023, representing 73.1% of Canada's total merchandise trade volume of $1.102 trillion.

Statistic 28

Bilateral trade in goods and services between the U.S. and Canada totaled $1.2 trillion in 2022, with goods comprising 80% of the total.

Statistic 29

From 2018 to 2023, average annual growth in Canada-U.S. trade was 4.8%, driven by USMCA implementation.

Statistic 30

In Q1 2024, Canada-U.S. trade averaged $2.1 billion per day, up 1.5% from Q1 2023.

Statistic 31

The U.S.-Canada trade relationship supports 2.6 million U.S. jobs and 1.9 million Canadian jobs as of 2023 estimates.

Statistic 32

Canada-U.S. supply chain integration results in $2.6 billion in daily cross-border trade flows in 2023.

Statistic 33

In 2022, trade between Canada and the U.S. represented 28% of Canada's GDP and 3% of U.S. GDP.

Statistic 34

Post-USMCA (2020-2023), bilateral trade grew by 15.2% cumulatively compared to pre-agreement levels.

Statistic 35

Monthly average Canada-U.S. goods trade in 2023 was $67.2 billion, with peaks in December at $72.1 billion.

Statistic 36

Canada ranked as the U.S.'s top export market for 12 consecutive years through 2023.

Statistic 37

In 2023, 75% of Canadian exports went to the U.S., valued at $592.8 billion.

Statistic 38

U.S.-Canada trade corridors handled 99% of bilateral trade by truck in 2023, totaling 5.2 million loads.

Statistic 39

From 1994-2023 under NAFTA/USMCA, Canada-U.S. trade increased from $290 billion to $807 billion nominally.

Statistic 40

In 2023, digital trade between Canada and U.S. added $68 billion to overall bilateral trade.

Statistic 41

Canada-U.S. trade dispute resolutions under USMCA Chapter 31 averaged 45 days per case in 2023.

Statistic 42

Border wait times impacted $1.2 billion in daily trade potential in 2023, per industry estimates.

Statistic 43

In 2022, Canada-U.S. trade in critical minerals reached $12.4 billion, up 20% YoY.

Statistic 44

Energy trade accounted for 25% of total Canada-U.S. merchandise trade in 2023 at $201.7 billion.

Statistic 45

Automotive trade between Canada and U.S. totaled $108.5 billion in 2023, representing 13.4% of total trade.

Statistic 46

Agricultural products trade hit $52.3 billion in 2023, with Canada exporting $28.1 billion to U.S.

Statistic 47

Machinery and equipment trade valued at $94.2 billion in 2023, 11.7% of bilateral total.

Statistic 48

Chemicals and plastics trade reached $61.8 billion in 2023 between Canada and U.S.

Statistic 49

Forest products trade totaled $38.4 billion in 2023, with Canada exporting $27.2 billion to U.S.

Statistic 50

Aerospace products trade valued at $18.7 billion in 2023, led by Bombardier and Boeing parts.

Statistic 51

Pharmaceuticals trade between Canada and U.S. was $22.1 billion in 2023.

Statistic 52

Electrical machinery trade hit $45.3 billion in 2023.

Statistic 53

Optical and medical instruments trade totaled $16.9 billion in 2023.

Statistic 54

Precious metals and stones trade valued at $14.2 billion in 2023 between the two countries.

Statistic 55

In 2023, energy products made up 25% of Canada-U.S. goods trade at $201.7 billion.

Statistic 56

Automotive sector trade totaled $108.5 billion in 2023, with parts at 60%.

Statistic 57

Agriculture and agri-food trade reached $52.3 billion in 2023.

Statistic 58

Machinery and mechanical appliances trade was $94.2 billion in 2023.

Statistic 59

Chemicals, plastics, and rubber trade hit $61.8 billion in 2023.

Statistic 60

Forest products trade valued $38.4 billion in 2023, lumber dominant.

Statistic 61

Aerospace trade totaled $18.7 billion in 2023 between Canada and U.S.

Statistic 62

Pharmaceuticals trade was $22.1 billion in 2023.

Statistic 63

Electrical machinery trade reached $45.3 billion in 2023.

Statistic 64

Optical, photo, medical instruments trade $16.9 billion in 2023.

Statistic 65

Precious metals trade $14.2 billion in 2023.

Statistic 66

Minerals and metals trade excluding energy $42.6 billion in 2023.

Statistic 67

ICT products trade $28.4 billion in 2023.

Statistic 68

Seafood trade $5.7 billion in 2023.

Statistic 69

Beef and livestock trade $6.2 billion in 2023.

Statistic 70

Grains and oilseeds trade $12.1 billion in 2023.

Statistic 71

Dairy products trade $1.8 billion in 2023.

Statistic 72

Wine and spirits trade $2.4 billion in 2023.

Statistic 73

Textiles and apparel trade $3.1 billion in 2023.

Statistic 74

Furniture and fixtures trade $4.7 billion in 2023.

Statistic 75

In 2022, U.S. services exports to Canada totaled $82.4 billion, led by travel and R&D.

Statistic 76

Canada exported $57.1 billion in services to U.S. in 2022, with intellectual property at $18.2 billion.

Statistic 77

U.S. travel services exports to Canada reached $14.3 billion in 2023.

Statistic 78

Canadian services imports from U.S. were $61.7 billion in 2022.

Statistic 79

U.S. R&D and technical services exports to Canada hit $12.9 billion in 2022.

Statistic 80

Canada exported $9.4 billion in transportation services to U.S. in 2022.

Statistic 81

Financial services trade between U.S. and Canada totaled $15.2 billion in 2023.

Statistic 82

U.S. telecommunications services exports to Canada were $4.8 billion in 2022.

Statistic 83

Canadian commercial services exports to U.S. reached $22.3 billion in 2022.

Statistic 84

Insurance services trade from U.S. to Canada was $3.7 billion in 2023.

Statistic 85

Canada imported $7.1 billion in computer services from U.S. in 2022.

Statistic 86

U.S. education-related services exports to Canada totaled $2.9 billion in 2023.

Statistic 87

Personal travel services from Canada to U.S. were $10.2 billion in 2023 post-recovery.

Statistic 88

U.S. exports of management consulting services to Canada hit $5.3 billion in 2022.

Statistic 89

Canadian architectural and engineering services to U.S. totaled $3.8 billion in 2022.

Statistic 90

Royalties and license fees services trade U.S. to Canada was $8.6 billion in 2023.

Statistic 91

Canada exported $4.2 billion in cultural services to U.S. in 2022.

Statistic 92

U.S. environmental services exports to Canada reached $1.7 billion in 2023.

Statistic 93

Logistics and freight forwarding services trade totaled $6.9 billion U.S. to Canada in 2022.

Statistic 94

Canadian IT services exports to U.S. were $11.4 billion in 2023.

Statistic 95

U.S. legal services exports to Canada hit $1.2 billion in 2022.

Statistic 96

Advertising services trade from Canada to U.S. totaled $0.9 billion in 2023.

Statistic 97

U.S. construction services exports to Canada were $2.4 billion in 2022.

Statistic 98

In 2023, U.S. goods trade surplus with Canada was $63.8 billion.

Statistic 99

Canada's merchandise trade deficit with U.S. widened to $94.3 billion in 2023.

Statistic 100

U.S. services trade surplus with Canada was $21.3 billion in 2022.

Statistic 101

Cumulative U.S. goods trade surplus with Canada 2019-2023 averaged $70.2 billion annually.

Statistic 102

Canada's overall trade deficit with U.S. (goods+services) was $73.1 billion in 2022.

Statistic 103

In energy sector, Canada had $134.5 billion trade surplus with U.S. in 2023.

Statistic 104

U.S. automotive trade surplus with Canada was $15.7 billion in 2023.

Statistic 105

Canada ran a $22.4 billion services trade deficit with U.S. in 2023 estimates.

Statistic 106

U.S. agricultural trade surplus with Canada narrowed to $1.9 billion in 2023.

Statistic 107

Machinery trade deficit for Canada vs. U.S. was $28.1 billion in 2023.

Statistic 108

U.S. chemicals trade surplus with Canada reached $12.6 billion in 2023.

Statistic 109

Canada's forest products trade surplus with U.S. was $18.9 billion in 2023.

Statistic 110

Electronics trade deficit for U.S. vs. Canada was $3.2 billion in 2023.

Statistic 111

U.S. aircraft trade surplus with Canada was $2.8 billion in 2023.

Statistic 112

Canada had $4.1 billion surplus in seafood trade with U.S. in 2023.

Statistic 113

Pharmaceuticals trade surplus for U.S. over Canada was $7.5 billion in 2023.

Statistic 114

Critical minerals trade surplus for Canada vs. U.S. was $8.3 billion in 2023.

Statistic 115

U.S. computer and telecom surplus with Canada hit $6.4 billion in 2023.

Statistic 116

Canada's beef trade surplus with U.S. was $2.7 billion in 2023.

Statistic 117

Plastics deficit for Canada was $9.8 billion vs. U.S. in 2023.

Statistic 118

Gold trade surplus for Canada over U.S. $6.2 billion in 2023.

Statistic 119

U.S. medical equipment surplus with Canada $4.9 billion in 2023.

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Sources

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Boasting a daily exchange of goods and services worth over $2 billion, the Canada-U.S. trade partnership is an economic behemoth whose sheer scale and intricate supply chains form the backbone of North American prosperity, as revealed by the latest data showing bilateral trade soaring past $800 billion.

Key Takeaways

In 2023, the total two-way merchandise trade between Canada and the United States reached $806.9 billion, marking a 2.1% increase from 2022.
Canada accounted for 14.2% of total U.S. goods exports in 2023, valued at $353.2 billion out of $2.486 trillion in total U.S. exports.
The United States was Canada's largest trading partner in 2023, representing 73.1% of Canada's total merchandise trade volume of $1.102 trillion.
In 2023, Canada exported $356.5 billion in goods to the U.S., up 1.4% from 2022.
U.S. goods exports to Canada totaled $353.0 billion in 2023, a 0.4% increase YoY.
Canadian goods imports from U.S. reached $450.8 billion in 2023.
In 2022, U.S. services exports to Canada totaled $82.4 billion, led by travel and R&D.
Canada exported $57.1 billion in services to U.S. in 2022, with intellectual property at $18.2 billion.
U.S. travel services exports to Canada reached $14.3 billion in 2023.
In 2023, U.S. goods trade surplus with Canada was $63.8 billion.
Canada's merchandise trade deficit with U.S. widened to $94.3 billion in 2023.
U.S. services trade surplus with Canada was $21.3 billion in 2022.
In 2023, energy products made up 25% of Canada-U.S. goods trade at $201.7 billion.
Automotive sector trade totaled $108.5 billion in 2023, with parts at 60%.
Agriculture and agri-food trade reached $52.3 billion in 2023.

The United States and Canada share a massive trade relationship worth over a trillion dollars annually.

Goods Trade

1In 2023, Canada exported $356.5 billion in goods to the U.S., up 1.4% from 2022.

Verified

2U.S. goods exports to Canada totaled $353.0 billion in 2023, a 0.4% increase YoY.

Verified

3Canadian goods imports from U.S. reached $450.8 billion in 2023.

Verified

4Top U.S. goods export to Canada in 2023 was vehicles at $51.2 billion.

Directional

5Canada exported $92.4 billion in crude oil to U.S. in 2023.

Single source

6U.S. exported $28.7 billion in natural gas to Canada in 2023.

Verified

7Canadian aluminum exports to U.S. totaled $6.8 billion in 2023.

Verified

8U.S. passenger vehicle exports to Canada hit $37.4 billion in 2023.

Verified

9Canada shipped $15.3 billion in lumber to U.S. in 2023.

Directional

10U.S. machinery exports to Canada were $45.1 billion in 2023.

Single source

11Canadian potash exports to U.S. reached $2.1 billion in 2023.

Verified

12U.S. refined petroleum exports to Canada totaled $18.9 billion in 2023.

Verified

13Canada exported $8.7 billion in gold to U.S. in 2023.

Verified

14U.S. electrical equipment exports to Canada were $22.4 billion in 2023.

Directional

15Canadian wheat exports to U.S. hit $1.2 billion in 2023.

Single source

16U.S. plastics exports to Canada totaled $14.3 billion in 2023.

Verified

17Canada exported $4.5 billion in aircraft parts to U.S. in 2023.

Verified

18U.S. pharmaceutical preparations exports to Canada were $12.8 billion in 2023.

Verified

19Canadian beef exports to U.S. reached $3.9 billion in 2023.

Directional

20U.S. aircraft and parts exports to Canada totaled $7.2 billion in 2023.

Single source

21Canada exported $2.3 billion in seafood to U.S. in 2023.

Verified

22U.S. computer exports to Canada were $9.1 billion in 2023.

Verified

23Canadian canola oil exports to U.S. hit $1.8 billion in 2023.

Verified

24U.S. medical instruments exports to Canada totaled $5.6 billion in 2023.

Directional

Goods Trade Interpretation

While the raw numbers suggest a near-even trade, it’s clear our relationship is one of profound codependency, with Canada fueling America’s cars and homes while America keeps Canada’s industries running and its citizens medicated.

Overall Trade Statistics

1In 2023, the total two-way merchandise trade between Canada and the United States reached $806.9 billion, marking a 2.1% increase from 2022.

Verified

2Canada accounted for 14.2% of total U.S. goods exports in 2023, valued at $353.2 billion out of $2.486 trillion in total U.S. exports.

Verified

3The United States was Canada's largest trading partner in 2023, representing 73.1% of Canada's total merchandise trade volume of $1.102 trillion.

Verified

4Bilateral trade in goods and services between the U.S. and Canada totaled $1.2 trillion in 2022, with goods comprising 80% of the total.

Directional

5From 2018 to 2023, average annual growth in Canada-U.S. trade was 4.8%, driven by USMCA implementation.

Single source

6In Q1 2024, Canada-U.S. trade averaged $2.1 billion per day, up 1.5% from Q1 2023.

Verified

7The U.S.-Canada trade relationship supports 2.6 million U.S. jobs and 1.9 million Canadian jobs as of 2023 estimates.

Verified

8Canada-U.S. supply chain integration results in $2.6 billion in daily cross-border trade flows in 2023.

Verified

9In 2022, trade between Canada and the U.S. represented 28% of Canada's GDP and 3% of U.S. GDP.

Directional

10Post-USMCA (2020-2023), bilateral trade grew by 15.2% cumulatively compared to pre-agreement levels.

Single source

11Monthly average Canada-U.S. goods trade in 2023 was $67.2 billion, with peaks in December at $72.1 billion.

Verified

12Canada ranked as the U.S.'s top export market for 12 consecutive years through 2023.

Verified

13In 2023, 75% of Canadian exports went to the U.S., valued at $592.8 billion.

Verified

14U.S.-Canada trade corridors handled 99% of bilateral trade by truck in 2023, totaling 5.2 million loads.

Directional

15From 1994-2023 under NAFTA/USMCA, Canada-U.S. trade increased from $290 billion to $807 billion nominally.

Single source

16In 2023, digital trade between Canada and U.S. added $68 billion to overall bilateral trade.

Verified

17Canada-U.S. trade dispute resolutions under USMCA Chapter 31 averaged 45 days per case in 2023.

Verified

18Border wait times impacted $1.2 billion in daily trade potential in 2023, per industry estimates.

Verified

19In 2022, Canada-U.S. trade in critical minerals reached $12.4 billion, up 20% YoY.

Directional

20Energy trade accounted for 25% of total Canada-U.S. merchandise trade in 2023 at $201.7 billion.

Single source

21Automotive trade between Canada and U.S. totaled $108.5 billion in 2023, representing 13.4% of total trade.

Verified

22Agricultural products trade hit $52.3 billion in 2023, with Canada exporting $28.1 billion to U.S.

Verified

23Machinery and equipment trade valued at $94.2 billion in 2023, 11.7% of bilateral total.

Verified

24Chemicals and plastics trade reached $61.8 billion in 2023 between Canada and U.S.

Directional

25Forest products trade totaled $38.4 billion in 2023, with Canada exporting $27.2 billion to U.S.

Single source

26Aerospace products trade valued at $18.7 billion in 2023, led by Bombardier and Boeing parts.

Verified

27Pharmaceuticals trade between Canada and U.S. was $22.1 billion in 2023.

Verified

28Electrical machinery trade hit $45.3 billion in 2023.

Verified

29Optical and medical instruments trade totaled $16.9 billion in 2023.

Directional

30Precious metals and stones trade valued at $14.2 billion in 2023 between the two countries.

Single source

Overall Trade Statistics Interpretation

Our relationship is the definition of codependency: a staggering $2.1 billion trades hands daily, meaning we essentially share a wallet and argue over the receipts, all while employing nearly 4.5 million people on both sides of the border to manage the messy, vital, and utterly inseparable partnership.

Sectoral Breakdown

1In 2023, energy products made up 25% of Canada-U.S. goods trade at $201.7 billion.

Verified

2Automotive sector trade totaled $108.5 billion in 2023, with parts at 60%.

Verified

3Agriculture and agri-food trade reached $52.3 billion in 2023.

Verified

4Machinery and mechanical appliances trade was $94.2 billion in 2023.

Directional

5Chemicals, plastics, and rubber trade hit $61.8 billion in 2023.

Single source

6Forest products trade valued $38.4 billion in 2023, lumber dominant.

Verified

7Aerospace trade totaled $18.7 billion in 2023 between Canada and U.S.

Verified

8Pharmaceuticals trade was $22.1 billion in 2023.

Verified

9Electrical machinery trade reached $45.3 billion in 2023.

Directional

10Optical, photo, medical instruments trade $16.9 billion in 2023.

Single source

11Precious metals trade $14.2 billion in 2023.

Verified

12Minerals and metals trade excluding energy $42.6 billion in 2023.

Verified

13ICT products trade $28.4 billion in 2023.

Verified

14Seafood trade $5.7 billion in 2023.

Directional

15Beef and livestock trade $6.2 billion in 2023.

Single source

16Grains and oilseeds trade $12.1 billion in 2023.

Verified

17Dairy products trade $1.8 billion in 2023.

Verified

18Wine and spirits trade $2.4 billion in 2023.

Verified

19Textiles and apparel trade $3.1 billion in 2023.

Directional

20Furniture and fixtures trade $4.7 billion in 2023.

Single source

Sectoral Breakdown Interpretation

Canada and the U.S. have built a deeply integrated economic engine that runs on everything from oil and car parts to lumber and pharmaceuticals, proving our relationship is far more substantial than just a polite exchange of apologies and maple syrup.

Services Trade

1In 2022, U.S. services exports to Canada totaled $82.4 billion, led by travel and R&D.

Verified

2Canada exported $57.1 billion in services to U.S. in 2022, with intellectual property at $18.2 billion.

Verified

3U.S. travel services exports to Canada reached $14.3 billion in 2023.

Verified

4Canadian services imports from U.S. were $61.7 billion in 2022.

Directional

5U.S. R&D and technical services exports to Canada hit $12.9 billion in 2022.

Single source

6Canada exported $9.4 billion in transportation services to U.S. in 2022.

Verified

7Financial services trade between U.S. and Canada totaled $15.2 billion in 2023.

Verified

8U.S. telecommunications services exports to Canada were $4.8 billion in 2022.

Verified

9Canadian commercial services exports to U.S. reached $22.3 billion in 2022.

Directional

10Insurance services trade from U.S. to Canada was $3.7 billion in 2023.

Single source

11Canada imported $7.1 billion in computer services from U.S. in 2022.

Verified

12U.S. education-related services exports to Canada totaled $2.9 billion in 2023.

Verified

13Personal travel services from Canada to U.S. were $10.2 billion in 2023 post-recovery.

Verified

14U.S. exports of management consulting services to Canada hit $5.3 billion in 2022.

Directional

15Canadian architectural and engineering services to U.S. totaled $3.8 billion in 2022.

Single source

16Royalties and license fees services trade U.S. to Canada was $8.6 billion in 2023.

Verified

17Canada exported $4.2 billion in cultural services to U.S. in 2022.

Verified

18U.S. environmental services exports to Canada reached $1.7 billion in 2023.

Verified

19Logistics and freight forwarding services trade totaled $6.9 billion U.S. to Canada in 2022.

Directional

20Canadian IT services exports to U.S. were $11.4 billion in 2023.

Single source

21U.S. legal services exports to Canada hit $1.2 billion in 2022.

Verified

22Advertising services trade from Canada to U.S. totaled $0.9 billion in 2023.

Verified

23U.S. construction services exports to Canada were $2.4 billion in 2022.

Verified

Services Trade Interpretation

While the U.S. sends Canadians on trips and invents their future, Canada quietly writes the software and pays the licensing fees for the blueprint, proving our trade relationship is a sophisticated tango of tourism and intellectual property.

Trade Balance and Deficits

1In 2023, U.S. goods trade surplus with Canada was $63.8 billion.

Verified

2Canada's merchandise trade deficit with U.S. widened to $94.3 billion in 2023.

Verified

3U.S. services trade surplus with Canada was $21.3 billion in 2022.

Verified

4Cumulative U.S. goods trade surplus with Canada 2019-2023 averaged $70.2 billion annually.

Directional

5Canada's overall trade deficit with U.S. (goods+services) was $73.1 billion in 2022.

Single source

6In energy sector, Canada had $134.5 billion trade surplus with U.S. in 2023.

Verified

7U.S. automotive trade surplus with Canada was $15.7 billion in 2023.

Verified

8Canada ran a $22.4 billion services trade deficit with U.S. in 2023 estimates.

Verified

9U.S. agricultural trade surplus with Canada narrowed to $1.9 billion in 2023.

Directional

10Machinery trade deficit for Canada vs. U.S. was $28.1 billion in 2023.

Single source

11U.S. chemicals trade surplus with Canada reached $12.6 billion in 2023.

Verified

12Canada's forest products trade surplus with U.S. was $18.9 billion in 2023.

Verified

13Electronics trade deficit for U.S. vs. Canada was $3.2 billion in 2023.

Verified

14U.S. aircraft trade surplus with Canada was $2.8 billion in 2023.

Directional

15Canada had $4.1 billion surplus in seafood trade with U.S. in 2023.

Single source

16Pharmaceuticals trade surplus for U.S. over Canada was $7.5 billion in 2023.

Verified

17Critical minerals trade surplus for Canada vs. U.S. was $8.3 billion in 2023.

Verified

18U.S. computer and telecom surplus with Canada hit $6.4 billion in 2023.

Verified

19Canada's beef trade surplus with U.S. was $2.7 billion in 2023.

Directional

20Plastics deficit for Canada was $9.8 billion vs. U.S. in 2023.

Single source

21Gold trade surplus for Canada over U.S. $6.2 billion in 2023.

Verified

22U.S. medical equipment surplus with Canada $4.9 billion in 2023.

Verified

Trade Balance and Deficits Interpretation

In a classic display of symbiotic economic codependency, Canada generously powers and feeds its southern neighbor while simultaneously funding a U.S. shopping spree for everything from cars to chemicals, proving we're less trade partners and more co-dependent roommates with a shared, lopsided credit card.