Canada

Canada ranked No. 2 in total trade value through July with a total of $288.43 billion. Exports totaled $140.03 billion and Imports totaled $148.4 billion, a deficit of $8.36 billion.

U.S. trade with Canada rose to $288.43 billion through July

Canada’s trade with the United States rose to $288.43 billion through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.09 percent below its total trade during the same time period last year. U.S. exports to Canada decreased 18.34 percent while U.S. imports from Canada fell 19.78 percent. The U.S. deficit with Canada was $8.36 billion.

Through July, 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 56.45 percent of Canada’s U.S. trade.

Among those top five:

  • Trade with No. 1 Detroit Ambassador Bridge, Mich. fell 19.03 percent to $62.73 billion.
    Exports fell 22.83 percent to $34.64 billion. Imports fell 13.81 percent to $28.09 billion.
  • Trade with No. 2 Port Huron Blue Water Bridge, Mich. fell 24.6 percent to $38.87 billion.
    Exports fell 21.34 percent to $19.07 billion. Imports fell 27.49 percent to $19.8 billion.
  • Trade with No. 3 Buffalo Peace Bridge, NY fell 18.35 percent to $34.04 billion.
    Exports fell 15.9 percent to $18.21 billion. Imports fell 20.99 percent to $15.83 billion.
  • Trade with No. 4 Pembina Border Crossing, N.D. fell 6.93 percent to $13.78 billion.
    Exports fell 3.36 percent to $7.31 billion. Imports fell 10.66 percent to $6.47 billion.
  • Trade with No. 5 Low-Valued Imports and Exports fell 14.76 percent to $13.38 billion.
    Exports fell 14.76 percent to $13.38 billion. There were no imports.

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. 2.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $479.12 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 July were the categories of Motor vehicle parts; Commercial vehicles; Passenger vehicles; Low value shipments; and Gasoline, other fuels, respectively. They accounted for 18.26 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 36.32 percent of all inbound shipments.

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

  • Motor vehicle parts fell 41.06 percent compared to last year to $5.57 billion.
  • Commercial vehicles fell 36.49 percent compared to last year to $5.34 billion.
  • Passenger vehicles fell 38.48 percent compared to last year to $5.12 billion.
  • Low value shipments rose 2.84 percent compared to last year to $4.88 billion.
  • Gasoline, other fuels fell 14.05 percent compared to last year to $4.67 billion.

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

  • Oil fell 33.63 percent compared to last year to $24.24 billion.
  • Passenger vehicles fell 34.83 percent compared to last year to $13.8 billion.
  • Returned exports, without change fell 8.97 percent compared to last year to $8.04 billion.
  • Gasoline, other fuels fell 36.81 percent compared to last year to $4.03 billion.
  • Motor vehicle parts fell 30.63 percent compared to last year to $3.8 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.