U.S. goods and services trade with Canada totaled an estimated $718.4 billion in 2019. Exports were $360.4 billion; imports were $358.0 billion. … Services exports were $67.7 billion; services imports were $38.6 billion. The U.S. services trade surplus with Canada was $29.2 billion in 2019.
Which country the United States or Canada exports more goods than it imports?
The trade relationship of the United States with Canada is the largest in the world. 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 has a $12.5 billion trade surplus with Canada in 2016.
How much does Canada export to the US?
Canada’s exports to the United States totalled $394 billion in 2016 and imports were valued at $278 billion, accounting for 76.3% of Canada’s total exports and 52.2% of total imports. Trade patterns with the United States on a regional basis highlight the integration of industries between the two countries.
Does the US import or export more?
The United States imports more than it exports. The 2019 U.S. trade balance is negative, showing a deficit of $617 billion. Capital goods comprise the largest portions of both U.S. exports and imports. The United States exports more services than it imports.
Is Canada the US largest trading partner?
The 30 largest trade partners of the United States represent 87.9% of U.S. exports, and 87.4% of U.S. imports as of 2017.
List of the largest trading partners of the United States.
Does Canada supply power to the US?
Key facts. Canada exports about 8% of the electricity it generates to the United States. There are 34 active major international transmission lines connecting Canada to the U.S.
Why is the US Canada biggest trade partner?
Canada and the United States enjoy the largest trading relationship in the world. A secure and efficient flow of goods and people across the border is vital to both countries’ economic competitiveness and prosperity.
How much of Canada’s imports and exports go through the United States?
Canada top 5 Export and Import partners 2019
Top five countries to which Canada exported in 2019 are below, along with the percent of total exports that went to that country: Canada exports to United States worth US$ 336,215 million, with a partner share of 75.37 percent.
What is Canada’s main import?
The largest categories of goods that Canada imports include Automotive products ($115 billion); machinery ($69 billion); electronics ($72 billion); plastics ($45 billion); and energy ($37 billion). These imports don’t always involve the purchase of a consumer product such as a car or a laptop.
What goods are exported imported from Canada?
List of exports of Canada
|4||Aircraft, Helicopters, and Spacecraft||7,322|
What country does the US export most with?
|Rank||Country||Percent of Total Exports|
|—||Total, All Countries||100.0%|
|—||Total, Top 15 Countries||75.0%|
What is US number 1 export?
Exports The top exports of United States are Refined Petroleum ($84.9B), Crude Petroleum ($61.9B), Cars ($56.9B), Integrated Circuits ($41.4B), and Vehicle Parts ($41.2B), exporting mostly to Canada ($252B), Mexico ($235B), China ($103B), Japan ($70.1B), and Germany ($59.8B).