Quick Answer: What percentage of Canada’s exports go to the US?

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.

How much does Canada export to USA?

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.

How much does Canada export to the US 2020?

Canada Exports to United States was US$285.61 Billion during 2020, according to the United Nations COMTRADE database on international trade. Canada Exports to United States – data, historical chart and statistics – was last updated on November of 2021.

What percentage of US imports come from Canada?

U.S. goods imports from Canada totaled $319.4 billion in 2019, up 0.3% ($906 million) from 2018, and up 41.2% from 2009. U.S. imports from Canada are up 187% from 1993 (pre-NAFTA). U.S. imports from Canada account for 12.8% of overall U.S. imports in 2019.

IT IS IMPORTANT:  Best answer: How can I get admission in MBBS for University of Toronto?

How much of Canadian exports are destined for the US?

While Canada’s exports to the U.S. still account for the large majority of exports — with 70% of Canadian goods and services still destined to the U.S market in 2012 — this share is down from more than 80% in 2000.

Why is the US Canada biggest trade partner?

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?

Exports The top exports of Canada are Crude Petroleum ($67.8B), Cars ($40.9B), Gold ($14.6B), Refined Petroleum ($12.3B), and Vehicle Parts ($10.8B), exporting mostly to United States ($314B), China ($18.5B), United Kingdom ($13.8B), Japan ($9.92B), and Mexico ($6.18B).

Where do most of Canada’s exports go?

Top 15

  • United States: US$287.1 billion (73.5% of total Canadian exports)
  • China: $18.8 billion (4.8%)
  • United Kingdom: $15 billion (3.8%)
  • Japan: $9.2 billion (2.4%)
  • Germany: $4.8 billion (1.2%)
  • Mexico: $4.6 billion (1.2%)
  • Netherlands: $4.1 billion (1%)
  • South Korea: $3.5 billion (0.9%)

Who is Canada’s biggest trade partner?

The United States is Canada’s chief trading partner, constituting more than two-thirds of all Canadian trade; exports account for a larger share of trade than imports. The dependence on U.S. trade is not just a technical matter of market shares in imports and exports.

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.

IT IS IMPORTANT:  How many Vancouver's are in the United States?

What does Canada rely on the US for?

Economists refer to this as export market concentration. According to University of Calgary economist Trevor Tombe, “Canada is the second least diversified country in terms of its export operations.” The least diversified export economy is Mexico. “We stand out as being highly reliant on the United States,” he said.

Is Canada the US largest trading partner?

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports. …