2022
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GDP
$25.5TCURRENT US$
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2012-2022
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GDP GROWTH
56.7%CURRENT US$
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2022
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 GDP
$2.14TCURRENT US$
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2012-2022
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GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
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GDP PC 
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH
47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH
4.36%CURRENT US$
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About

United States-Canada Trade: In 2022, United States exported $308B to Canada. The main products that United States exported to Canada were Cars ($16.9B), Refined Petroleum ($15.7B), and Delivery Trucks ($14.2B). Over the past 5 years the exports of United States to Canada have increased at an annualized rate of 4.27%, from $250B in 2017 to $308B in 2022.

In 2017, United States exported services to Canada worth $69.8B, with Travel ($18.1B), Financial services ($13.9B), and Other business services ($12.6B) being the largest in terms of value.

Canada-United States Trade: In 2022, Canada exported $438B to United States. The main products that Canada exported to United States were Crude Petroleum ($117B), Cars ($27B), and Petroleum Gas ($22.4B). Over the past 5 years the exports of Canada to United States have increased at an annualized rate of 8.35%,  from $293B in 2017 to $438B in 2022.

In 2020, Canada exported services to United States worth $25.5B, with Computer and information services ($7.68B), Transportation ($5.45B), and Financial services ($5.08B) being the largest in terms of value.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Company data: In 2023, leading companies such as Celebrity Cruises (185), Costco Wholesale (141), and Walmart (94) were at the forefront of exporting goods from Canada to the United States. Conversely, Other (328), Celebrity Cruises Inc. (185), and Ncl (bahamas) Ltd (88) were notable for importing products to Canada from the United States.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $308B to Canada. The main products exported from United States to Canada were Cars ($16.9B), Refined Petroleum ($15.7B), and Delivery Trucks ($14.2B). During the last 5 years the exports of United States to Canada have increased at an annualized rate of 4.27%, from $250B in 2017 to $308B in 2022.

In 2017, Canada exported $438B to United States. The main products exported from Canada to United States were Crude Petroleum ($117B), Cars ($27B), and Petroleum Gas ($22.4B). During the last 5 years the exports of Canada to United States have increased at an annualized rate of 8.35%, from $293B in 2022 to $438B in 2017.

Exports from United States (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top Destination
Canada$308B
Canada
Top Destination
United States$438B

This map shows whether countries import more from United States or Canada. Each country is colored based on the difference in imports they receive from United States and Canada or the difference in the growth in imports.

In 2022, countries that imported more from United States than Canada included Mexico ($294B), China ($151B), and South Korea ($73.6B).

In 2022, countries that imported more from Canada than United States included Malta ($821M), Iran ($280M), and Botswana ($322M).

Difference in imports from Canada (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Canada

Flow
Scale

This chart compares trade between United States and Canada by product, considering products traded by both, United States and Canada.

During 2022, United States had a large net trade with Canada in the exports of Machines ($66.1B), Transportation ($57.5B), and Mineral Products ($38.3B).

During 2017, Canada had a large net trade with United States in the exports of Mineral Products ($166B), Transportation ($51.8B), and Machines ($39.8B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Canada+$1.7BRefined Petroleum
Top Product Potential Canada United States+$5.34BCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2017, United States exported services to Canada worth $69.8B, with Travel ($18.1B), Financial services ($13.9B), and Other business services ($12.6B) being the largest in terms of value.

In 2020, Canada exported services to United States worth $25.5B, with Computer and information services ($7.68B), Transportation ($5.45B), and Financial services ($5.08B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Canada (Flag) (2017)

Services Exports from Canada (Flag) to United States (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Canada. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Canada (Flag) (2022)

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