Canada US trade hit a two way goods total of $806.9 billion in 2023, up 2.1% from 2022, but the totals mask a sharper split in who benefits. Canada exported $356.5 billion in goods to the United States while importing $450.8 billion, leaving a merchandise deficit that widened to $94.3 billion. We break down what moved those figures, from vehicles and energy to services like travel and R and D.
Key Takeaways
- 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 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, 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.
- 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.
Canada US goods trade hit $806.9 billion in 2023, up 2.1% as both sides expanded exports.
Related reading
01 · Category
Goods Trade24 stats
01
In 2023, Canada exported $356.5 billion in goods to the U.S., up 1.4% from 2022.
02
U.S. goods exports to Canada totaled $353.0 billion in 2023, a 0.4% increase YoY.
03
Canadian goods imports from U.S. reached $450.8 billion in 2023.
04
Top U.S. goods export to Canada in 2023 was vehicles at $51.2 billion.
05
Canada exported $92.4 billion in crude oil to U.S. in 2023.
06
U.S. exported $28.7 billion in natural gas to Canada in 2023.
07
Canadian aluminum exports to U.S. totaled $6.8 billion in 2023.
08
U.S. passenger vehicle exports to Canada hit $37.4 billion in 2023.
09
Canada shipped $15.3 billion in lumber to U.S. in 2023.
10
U.S. machinery exports to Canada were $45.1 billion in 2023.
11
Canadian potash exports to U.S. reached $2.1 billion in 2023.
12
U.S. refined petroleum exports to Canada totaled $18.9 billion in 2023.
13
Canada exported $8.7 billion in gold to U.S. in 2023.
14
U.S. electrical equipment exports to Canada were $22.4 billion in 2023.
15
Canadian wheat exports to U.S. hit $1.2 billion in 2023.
16
U.S. plastics exports to Canada totaled $14.3 billion in 2023.
17
Canada exported $4.5 billion in aircraft parts to U.S. in 2023.
18
U.S. pharmaceutical preparations exports to Canada were $12.8 billion in 2023.
19
Canadian beef exports to U.S. reached $3.9 billion in 2023.
20
U.S. aircraft and parts exports to Canada totaled $7.2 billion in 2023.
21
Canada exported $2.3 billion in seafood to U.S. in 2023.
22
U.S. computer exports to Canada were $9.1 billion in 2023.
23
Canadian canola oil exports to U.S. hit $1.8 billion in 2023.
24
U.S. medical instruments exports to Canada totaled $5.6 billion in 2023.
Interpretation
Goods Trade Interpretation
For goods trade in 2023, Canada’s exports to the U.S. rose to $356.5 billion and the U.S. exported $353.0 billion to Canada, but the trade balance tilted toward imports as Canadian goods imports from the U.S. reached $450.8 billion, supported by major flows like $51.2 billion in vehicles and $92.4 billion in crude oil from Canada.
02 · Category
Overall Trade Statistics30 stats
01
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.
02
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.
03
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.
04
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.
05
From 2018 to 2023, average annual growth in Canada-U.S. trade was 4.8%, driven by USMCA implementation.
06
In Q1 2024, Canada-U.S. trade averaged $2.1 billion per day, up 1.5% from Q1 2023.
07
The U.S.-Canada trade relationship supports 2.6 million U.S. jobs and 1.9 million Canadian jobs as of 2023 estimates.
08
Canada-U.S. supply chain integration results in $2.6 billion in daily cross-border trade flows in 2023.
09
In 2022, trade between Canada and the U.S. represented 28% of Canada's GDP and 3% of U.S. GDP.
10
Post-USMCA (2020-2023), bilateral trade grew by 15.2% cumulatively compared to pre-agreement levels.
11
Monthly average Canada-U.S. goods trade in 2023 was $67.2 billion, with peaks in December at $72.1 billion.
12
Canada ranked as the U.S.'s top export market for 12 consecutive years through 2023.
13
In 2023, 75% of Canadian exports went to the U.S., valued at $592.8 billion.
14
U.S.-Canada trade corridors handled 99% of bilateral trade by truck in 2023, totaling 5.2 million loads.
15
From 1994-2023 under NAFTA/USMCA, Canada-U.S. trade increased from $290 billion to $807 billion nominally.
16
In 2023, digital trade between Canada and U.S. added $68 billion to overall bilateral trade.
17
Canada-U.S. trade dispute resolutions under USMCA Chapter 31 averaged 45 days per case in 2023.
18
Border wait times impacted $1.2 billion in daily trade potential in 2023, per industry estimates.
19
In 2022, Canada-U.S. trade in critical minerals reached $12.4 billion, up 20% YoY.
20
Energy trade accounted for 25% of total Canada-U.S. merchandise trade in 2023 at $201.7 billion.
21
Automotive trade between Canada and U.S. totaled $108.5 billion in 2023, representing 13.4% of total trade.
22
Agricultural products trade hit $52.3 billion in 2023, with Canada exporting $28.1 billion to U.S.
23
Machinery and equipment trade valued at $94.2 billion in 2023, 11.7% of bilateral total.
24
Chemicals and plastics trade reached $61.8 billion in 2023 between Canada and U.S.
25
Forest products trade totaled $38.4 billion in 2023, with Canada exporting $27.2 billion to U.S.
26
Aerospace products trade valued at $18.7 billion in 2023, led by Bombardier and Boeing parts.
27
Pharmaceuticals trade between Canada and U.S. was $22.1 billion in 2023.
28
Electrical machinery trade hit $45.3 billion in 2023.
29
Optical and medical instruments trade totaled $16.9 billion in 2023.
30
Precious metals and stones trade valued at $14.2 billion in 2023 between the two countries.
Interpretation
Overall Trade Statistics Interpretation
For the overall trade statistics picture, Canada and the United States sustained steady momentum with total two way merchandise trade rising to $806.9 billion in 2023, up 2.1% from 2022 and building on an average 4.8% annual growth rate from 2018 to 2023.
03 · Category
Sectoral Breakdown20 stats
01
In 2023, energy products made up 25% of Canada-U.S. goods trade at $201.7 billion.
02
Automotive sector trade totaled $108.5 billion in 2023, with parts at 60%.
03
Agriculture and agri-food trade reached $52.3 billion in 2023.
04
Machinery and mechanical appliances trade was $94.2 billion in 2023.
05
Chemicals, plastics, and rubber trade hit $61.8 billion in 2023.
06
Forest products trade valued $38.4 billion in 2023, lumber dominant.
07
Aerospace trade totaled $18.7 billion in 2023 between Canada and U.S.
08
Pharmaceuticals trade was $22.1 billion in 2023.
09
Electrical machinery trade reached $45.3 billion in 2023.
10
Optical, photo, medical instruments trade $16.9 billion in 2023.
11
Precious metals trade $14.2 billion in 2023.
12
Minerals and metals trade excluding energy $42.6 billion in 2023.
13
ICT products trade $28.4 billion in 2023.
14
Seafood trade $5.7 billion in 2023.
15
Beef and livestock trade $6.2 billion in 2023.
16
Grains and oilseeds trade $12.1 billion in 2023.
17
Dairy products trade $1.8 billion in 2023.
18
Wine and spirits trade $2.4 billion in 2023.
19
Textiles and apparel trade $3.1 billion in 2023.
20
Furniture and fixtures trade $4.7 billion in 2023.
Interpretation
Sectoral Breakdown Interpretation
In the sectoral breakdown of Canada U.S. goods trade in 2023, energy products led at $201.7 billion or 25% of the total while major manufacturing categories such as automotive trade at $108.5 billion and machinery at $94.2 billion also stood out, underscoring a market mix that is driven by both energy and industrial output.
More related reading
04 · Category
Services Trade23 stats
01
In 2022, U.S. services exports to Canada totaled $82.4 billion, led by travel and R&D.
02
Canada exported $57.1 billion in services to U.S. in 2022, with intellectual property at $18.2 billion.
03
U.S. travel services exports to Canada reached $14.3 billion in 2023.
04
Canadian services imports from U.S. were $61.7 billion in 2022.
05
U.S. R&D and technical services exports to Canada hit $12.9 billion in 2022.
06
Canada exported $9.4 billion in transportation services to U.S. in 2022.
07
Financial services trade between U.S. and Canada totaled $15.2 billion in 2023.
08
U.S. telecommunications services exports to Canada were $4.8 billion in 2022.
09
Canadian commercial services exports to U.S. reached $22.3 billion in 2022.
10
Insurance services trade from U.S. to Canada was $3.7 billion in 2023.
11
Canada imported $7.1 billion in computer services from U.S. in 2022.
12
U.S. education-related services exports to Canada totaled $2.9 billion in 2023.
13
Personal travel services from Canada to U.S. were $10.2 billion in 2023 post-recovery.
14
U.S. exports of management consulting services to Canada hit $5.3 billion in 2022.
15
Canadian architectural and engineering services to U.S. totaled $3.8 billion in 2022.
16
Royalties and license fees services trade U.S. to Canada was $8.6 billion in 2023.
17
Canada exported $4.2 billion in cultural services to U.S. in 2022.
18
U.S. environmental services exports to Canada reached $1.7 billion in 2023.
19
Logistics and freight forwarding services trade totaled $6.9 billion U.S. to Canada in 2022.
20
Canadian IT services exports to U.S. were $11.4 billion in 2023.
21
U.S. legal services exports to Canada hit $1.2 billion in 2022.
22
Advertising services trade from Canada to U.S. totaled $0.9 billion in 2023.
23
U.S. construction services exports to Canada were $2.4 billion in 2022.
Interpretation
Services Trade Interpretation
In services trade between the two countries, the United States and Canada posted very large flows in 2022 with $82.4 billion of U.S. exports to Canada and $57.1 billion of Canadian exports to the U.S., while travel and R and D stood out as major drivers, including $14.3 billion in U.S. travel services exports to Canada in 2023 and $12.9 billion in U.S. R and D and technical services exports in 2022.
05 · Category
Trade Balance And Deficits22 stats
01
In 2023, U.S. goods trade surplus with Canada was $63.8 billion.
02
Canada's merchandise trade deficit with U.S. widened to $94.3 billion in 2023.
03
U.S. services trade surplus with Canada was $21.3 billion in 2022.
04
Cumulative U.S. goods trade surplus with Canada 2019-2023 averaged $70.2 billion annually.
05
Canada's overall trade deficit with U.S. (goods+services) was $73.1 billion in 2022.
06
In energy sector, Canada had $134.5 billion trade surplus with U.S. in 2023.
07
U.S. automotive trade surplus with Canada was $15.7 billion in 2023.
08
Canada ran a $22.4 billion services trade deficit with U.S. in 2023 estimates.
09
U.S. agricultural trade surplus with Canada narrowed to $1.9 billion in 2023.
10
Machinery trade deficit for Canada vs. U.S. was $28.1 billion in 2023.
11
U.S. chemicals trade surplus with Canada reached $12.6 billion in 2023.
12
Canada's forest products trade surplus with U.S. was $18.9 billion in 2023.
13
Electronics trade deficit for U.S. vs. Canada was $3.2 billion in 2023.
14
U.S. aircraft trade surplus with Canada was $2.8 billion in 2023.
15
Canada had $4.1 billion surplus in seafood trade with U.S. in 2023.
16
Pharmaceuticals trade surplus for U.S. over Canada was $7.5 billion in 2023.
17
Critical minerals trade surplus for Canada vs. U.S. was $8.3 billion in 2023.
18
U.S. computer and telecom surplus with Canada hit $6.4 billion in 2023.
19
Canada's beef trade surplus with U.S. was $2.7 billion in 2023.
20
Plastics deficit for Canada was $9.8 billion vs. U.S. in 2023.
21
Gold trade surplus for Canada over U.S. $6.2 billion in 2023.
22
U.S. medical equipment surplus with Canada $4.9 billion in 2023.
Interpretation
Trade Balance And Deficits Interpretation
In the Trade Balance and Deficits picture, the US ran a large and fairly consistent goods surplus with Canada averaging $70.2 billion per year from 2019 to 2023, yet Canada’s overall goods and services deficit widened to $73.1 billion in 2022 while energy alone delivered a $134.5 billion surplus for Canada in 2023, showing that the deficit trend is not uniform across sectors.
report visual · Key figures
Canada–U.S. goods trade: scale and growth
Canada is closely tied to the U.S. as both an export destination and an import source, with bilateral goods trade showing modest year-over-year growth.
1.4%
In 2023, Canada exported $356.5 billion in goods to the U.S., up 1.4% from 2022.
0.4%
U.S. goods exports to Canada totaled $353.0 billion in 2023, a 0.4% increase YoY.
$450.8 billion
Canadian goods imports from U.S. reached $450.8 billion in 2023.
$63.8 billion
In 2023, U.S. goods trade surplus with Canada was $63.8 billion.
14.2%
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
2.1%
In 2023, the total two-way merchandise trade between Canada and the United States reached $806.9 billion, marking a 2.1%
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Emilia Santos. (2026, February 13). Canada Us Trade Statistics. Gitnux. https://gitnux.org/canada-us-trade-statistics
MLA
Emilia Santos. "Canada Us Trade Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/canada-us-trade-statistics.
Chicago
Emilia Santos. 2026. "Canada Us Trade Statistics." Gitnux. https://gitnux.org/canada-us-trade-statistics.
Sources & references
40 datasets cited across this report · attribution is report-level