Canada is currently our 2nd largest goods trading partner with $544.0 billion in total (two way) goods trade during 2016. Goods exports totaled $266.0 billion; goods imports totaled $278.1 billion. The U.S. goods trade deficit with Canada was $12.1 billion in 2016.
Trade in services with Canada (exports and imports) totaled an estimated $ 83.7 billion in 2016. Services exports were $54.2 billion; services imports were $ 26.9 billion. The U.S. services trade surplus with Canada was $24.6 billion in 2016.
According to the Department of Commerce, U.S. exports of goods and services to Canada supported an estimated 1.6 million jobs in 2015 (latest data available) (1.2 million supported by goods exports and 36- thousand supported by services exports).
Canada was the United States' 1st largest goods export market in 2016.
U.S. goods exports to Canada in 2016 were $266.0 billion, down 5.2% ($14.6 billion) from 2015 but up 15.3% from 2006. U.S. exports to Canada are up 165% from 1993 (pre-NAFTA). U.S. exports to Canada account for 18.3% of overall U.S. exports in 2015.
The top export categories (2-digit HS) in 2016 were: vehicles ($48 billion), machinery ($ 40 billion), electrical machinery ($24 billion), mineral fuels ($16 billion), and plastics ($12billion).
U.S. exports of agricultural products to Canada totaled $23 billion in 2016, our 1st largest agricultural export market. Leading categories include: prepared food ($1.9 billion), fresh vegetables ($1.8 billion), fresh fruit ($1.6 billion), snack foods nesoi ($1.3 billion), and non-alcoholic bev. (ex. juices) ($1.2 billion).
U.S. exports of services to Canada were an estimated $54.2 billion in 2016, 4.0% ($2.3 billion) less than 2015, but 43.1% greater than 2006 levels. It was up roughly 218% from 1993 (pre-NAFTA). Leading services exports from the U.S. to Canada, in 2015, were in the travel, intellectual property (software and audio-visual), and transportation sectors.
Canada was the United States' 3rd largest supplier of goods imports in 2016.
U.S. goods imports from Canada totaled $278.1 billion in 2016, down 6.1% ($18.1 billion) from 2015, and down 8.1% from 2006. U.S. imports from Canada are up 150% from 1993 (pre-NAFTA).
The top import categories (2-digit HS) in 2016 were: vehicles ($58 billion), mineral fuels ($54 billion), machinery ($19 billion), special other (returns) ($15 billion), and plastics ($10 billion).
U.S. imports of agricultural products from Canada totaled $22 billion in 2016, our 2nd largest supplier of agricultural imports. Leading categories include: snack foods ($4.0 billion), red meats, fr/ch/fr ($2.2 billion), other vegetable oils ($1.8 billion), live animals ($1.5 billion), and processed fruit & vegetables ($1.4 billion).
U.S. imports of services from Canada were an estimated $29.6 billion in 2016, 2.0% ($585million) more than 2015, and 23.6% greater than 2006 levels. It was up roughly 225% from 1993 (pre-NAFTA). Leading services imports from Canada to the U.S., in 2015,were in the travel, transportation, and telecommunications, computer, and information services sectors.
The U.S. goods trade deficit with Canada was $12.1 billion in 2016, a 22.1% decrease ($3.4 billion) over 2015.
The United States has a services trade surplus of an estimated $25 billion with Canada in 2016, down 10.4% from 2015.
U.S. foreign direct investment (FDI) in Canada (stock) was $352.9 billion in 2015 (latest data available), a 1.5% decrease from 2014. U.S. direct investment in Canada is led by manufacturing, nonbank holding companies, and finance/insurance.
Canada's FDI in the United States (stock) was $269.0 billion in 2015 (latest data available), up 4.6% from 2014. Canada's direct investment in the U.S. is led by manufacturing, finance/insurance, and depository institutions.
Sales of services in Canada by majority U.S.-owned affiliates were $134.5 billion in 2014 (latest data available), while sales of services in the United States by majority Canada-owned firms were $89 billion.