30 Aug 2016

U.S. – Canada Trade Winds

U.S. goods and services trade with Canada totaled an estimated $662.7 billion in 2015.  Exports were $337.3 billion; imports were $325.4 billion.  The U.S. goods and services trade surplus with Canada was $11.9 billion in 2015.

Canada is currently the U.S.’s second-largest goods trading partner with $575 billion in total (two-way) goods trade during 2015.  Goods exports totaled $280 billion; goods imports totaled $295 billion.  The U.S. goods trade deficit with Canada was $15 billion in 2015.

Trade in services with Canada (exports and imports) totaled an estimated $87.5 billion in 2015.  Services exports were $57.3 billion; services imports were $30.2 billion.  The U.S. services trade surplus with Canada was $27.1 billion in 2015.

According to the Department of Commerce, U.S. exports of goods and services to Canada supported an estimated 1.7 million jobs in 2014 (latest data available) – 1.3 million supported by goods exports and 394,000 supported by services exports.

Source: Inbound Logistics