Canada

Canada ranked No. 1 in total trade value through May with a total of $204.54 billion. Exports totaled $98.85 billion and Imports totaled $105.7 billion, a deficit of $6.85 billion.

U.S. trade with Canada rose to $173.84 billion through May

Canada’s trade with the United States rose to $173.84 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.38 percent below its total trade during the same time period last year. U.S. exports to Canada decreased 13.66 percent while U.S. imports from Canada fell 11.15 percent. The U.S. deficit with Canada was $5.81 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Detroit Ambassador Bridge, Mich.; No. 2 Port Huron Blue Water Bridge, Mich.; No. 3 Buffalo Peace Bridge, NY; No. 4 Pembina Border Crossing, N.D.; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 Detroit Ambassador Bridge, Mich.; No. 2 Port Huron Blue Water Bridge, Mich.; No. 3 Buffalo Peace Bridge, NY; No. 4 Low-Valued Imports and Exports and No. 5 Pembina Border Crossing, N.D.. In the current time period, the top five accounted for 55.36 percent of Canada’s U.S. trade.

Among those top five:

  • Trade with No. 1 Detroit Ambassador Bridge, Mich. fell 22.9 percent to $42.78 billion.
    Exports fell 26.15 percent to $23.84 billion. Imports fell 18.37 percent to $18.94 billion.
  • Trade with No. 2 Port Huron Blue Water Bridge, Mich. fell 26.22 percent to $27.22 billion.
    Exports fell 22.11 percent to $13.56 billion. Imports fell 29.88 percent to $13.66 billion.
  • Trade with No. 3 Buffalo Peace Bridge, NY fell 19.83 percent to $23.78 billion.
    Exports fell 17.89 percent to $12.71 billion. Imports fell 21.96 percent to $11.07 billion.
  • Trade with No. 4 Pembina Border Crossing, N.D. fell 2.99 percent to $10.31 billion.
    Exports fell 0.96 percent to $5.52 billion. Imports fell 5.23 percent to $4.79 billion.
  • Trade with No. 5 Low-Valued Imports and Exports fell 17.74 percent to $9.15 billion.
    Exports fell 17.74 percent to $9.15 billion. There were no imports.

Canada ranked No. 1 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 2.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Canada by value through May were the categories of Gasoline, other fuels; Commercial vehicles; Motor vehicle parts; Passenger vehicles; and Low value shipments, respectively. They accounted for 18.1 percent of total exports to Canada.

The value of the top five categories of U.S. imports from Canada –– Oil; Passenger vehicles; Returned exports, without change; Gasoline, other fuels; and Motor vehicle parts –– accounted for 36.65 percent of all inbound shipments.

Looking more closely at U.S. exports to Canada:

  • Gasoline, other fuels fell 1.15 percent compared to last year to $3.84 billion.
  • Commercial vehicles fell 39.26 percent compared to last year to $3.79 billion.
  • Motor vehicle parts fell 47.65 percent compared to last year to $3.59 billion.
  • Passenger vehicles fell 41.17 percent compared to last year to $3.43 billion.
  • Low value shipments rose 3.45 percent compared to last year to $3.25 billion.

Looking more closely at U.S. imports from Canada:

  • Oil fell 22.83 percent compared to last year to $18.93 billion.
  • Passenger vehicles fell 42.87 percent compared to last year to $8.63 billion.
  • Returned exports, without change fell 10.59 percent compared to last year to $5.57 billion.
  • Gasoline, other fuels fell 30.19 percent compared to last year to $3.19 billion.
  • Motor vehicle parts fell 39.11 percent compared to last year to $2.42 billion.

In the latest annual figures available, Canada recorded $612.12 billion in trade with the United States. Total U.S. exports to Canada were $ 292.38 billion and imports from Canada were $319.74 billion. The U.S. deficit with Canada was $27.35 billion.