Top Trading Partners
Total Trade: $582.45 billion
|6||Low Value Shipments||$33,080,455,797|
|7||Great Falls, Mont.||$25,174,278,304|
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Canada’s trade rose to $582.45 billion through December
Canada’s trade with the United States rose 7.06 percent, from $544.03 billion to $582.45 billion when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. U.S. exports to Canada increased 6.21 percent while imports from Canada rose 7.88 percent. The U.S. deficit with Canada was $17.5 billion.
Canada ranked No. 2 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 3. Canada’s top U.S. Customs districts for total imports and exports were No. 1 Detroit, No. 2 Buffalo, No. 3 Pembina, N.D., No. 4 Ogdensburg, N.Y. and No. 5 Seattle compared to the last year when the top spots were held by No. 1 Detroit, No. 2 Buffalo, No. 3 Ogdensburg, N.Y., No. 4 Pembina, N.D. and No. 5 Seattle. In the current time period, the top five accounted for 71.05 percent of Canada’s U.S. trade. That compares to 73.21 percent for the nation’s top five Customs districts during the same time period in the previous year.
Taking a closer look:
- Trade with No. 1 Detroit rose 5.16 percent to $222.85 billion.
Exports rose 7.06 percent to $117.34 billion. Imports rose 3.14 percent to $105.52 billion.
- Trade with No. 2 Buffalo fell 3.3 percent to $75.14 billion.
Exports fell 6.11 percent to $39.8 billion. Imports rose 0.06 percent to $35.34 billion.
- Trade with No. 3 Pembina, N.D. rose 15.26 percent to $41.29 billion.
Exports rose 18.25 percent to $24.92 billion. Imports rose 11 percent to $16.37 billion.
- Trade with No. 4 Ogdensburg, N.Y. fell 1.23 percent to $40.13 billion.
Exports rose 2.7 percent to $16.25 billion. Imports fell 3.74 percent to $23.89 billion.
- Trade with No. 5 Seattle rose 6.79 percent to $34.42 billion.
Exports rose 6.3 percent to $16.64 billion. Imports rose 7.25 percent to $17.78 billion.
Through December, 9 Customs districts posted trade surpluses with Canada while 36 had deficits. That compares with 11 surpluses and 34 deficits for the same period one year ago. The top surplus was with Low Value Shipments at $27.63 billion, the largest deficit was with Chicago at $20.2 billion.
Top Exports to Canada
Total YTD: $282.47 billion
|1||Motor vehicle parts||$16,924,606,442|
|2||Motor vehicles for transporting people||$14,858,490,050|
|4||Low value shipments||$8,989,188,442|
|5||Gasoline, other fuels||$8,475,585,207|
|6||Civilian aircraft, parts||$8,273,875,834|
|9||Motor vehicle engines||$4,091,255,799|
|10||Cell phones, related equipment||$4,047,038,728|
January – December 2017
Top Imports from Canada
Total YTD: $299.98 billion
|2||Motor vehicles for transporting people||$43,614,826,915|
|3||Exports returned, without change||$13,368,330,119|
|4||Gasoline, other fuels||$9,951,846,615|
|5||Petroleum gases, other gaseous hydrocarbons||$9,336,368,946|
|6||Motor vehicle parts||$8,744,938,516|
|7||Wood, sawed or chipped, greater than 6 meters thic||$5,923,355,685|
|9||Aircraft engines, engine parts||$3,621,667,612|
Meanwhile, total U.S. trade with the world increased to $3.89 trillion, up 6.77 percent compared to the same period last year. The nation’s exports climbed 6.4 percent to $1.55 trillion; imports climbed 7.02 percent to $2.34 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $796.17 billion, up compared to the same period of last year when the deficit was $735.46 billion.
The top five U.S. exports to Canada, by value through December were the categories of Motor vehicle parts; Motor vehicles for transporting people; Commercial vehicles; Low value shipments; and Gasoline, other fuels, respectively. They accounted for 21.91 percent of total exports to Canada.
The value of the top five categories of U.S. imports from Canada –– Oil; Motor vehicles for transporting people; Exports returned, without change; Gasoline, other fuels; and Petroleum gases, other gaseous hydrocarbons –– accounted for 42.13 percent of all inbound shipments.
Looking more closely at U.S. exports to Canada:
- Motor vehicle parts fell 0.8 percent compared to last year to $16.92 billion.
- Motor vehicles for transporting people rose 1.84 percent compared to last year to $14.86 billion.
- Commercial vehicles rose 20.18 percent compared to last year to $12.64 billion.
- Low value shipments rose 6.26 percent compared to last year to $8.99 billion.
- Gasoline, other fuels rose 6.91 percent compared to last year to $8.48 billion.
Looking more closely at U.S. imports from Canada:
- Oil rose 38.5 percent compared to last year to $50.12 billion.
- Motor vehicles for transporting people fell 4.64 percent compared to last year to $43.61 billion.
- Exports returned, without change fell 6.15 percent compared to last year to $13.37 billion.
- Gasoline, other fuels rose 34.32 percent compared to last year to $9.95 billion.
- Petroleum gases, other gaseous hydrocarbons rose 30.68 percent compared to last year to $9.34 billion.
In the latest annual figures available, Canada recorded $544.03 billion in trade with the United States. At year’s end, its top five Customs districts were Detroit; Buffalo; Ogdensburg, N.Y.; Pembina, N.D.; and Seattle. Total U.S. exports to Canada were $ 265.96 billion and imports from Canada were $278.07 billion. The U.S. deficit with Canada was $12.11 billion.