Trade In August 2022, the top exports of Canada to United States were Crude Petroleum (C$14.9B), Cars (C$2.82B), Petroleum Gas (C$2.31B), Refined Petroleum (C$1.84B), and Motor vehicles; parts and accessories (8701… (C$1.31B).
What are Canada’s top 3 Imports from the US?
Keep reading for our breakdown of the top six categories that Canada imports from the USA.
- Services ($67.6 billion)
- Vehicles ($52 billion)
- Machinery ($45 billion) and Electrical Machinery ($25 billion)
- Mineral Fuels ($25 billion)
- Agricultural products ($24 billion)
- Plastics ($13 billion)
What are Canada’s top 3 exports?
Canada Exports – Top Categories
- Crude oil—$68 billion (USD)
- Cars—$41 billion (USD)
- Gold—$15 billion (USD)
- Processed petroleum oil—$12 billion (USD)
- Car parts and accessories—$11 billion (USD)
- Petroleum gas—$9 billion (USD)
- Medications—$7 billion (USD)
- Aircraft and spacecraft—$7 billion (USD)
What is the main export from Canada to the US?
| Canada Exports to United States | Value | Year |
|---|---|---|
| Iron and steel | $9.24B | 2021 |
| Electrical, electronic equipment | $9.18B | 2021 |
| Pearls, precious stones, metals, coins | $6.85B | 2021 |
| Pharmaceutical products | $6.67B | 2021 |
What are the top 3 things that the US exports to Canada?
In 2021, of the $307.0 billion in U.S. exports to Canada, the top commodity sectors were Machinery and Mechanical Appliances (22.2%), Transportation Equipment (17.0%), and Chemicals, Plastics, Rubber, and Leather products (16.4%).
Why do most of Canada’s exports go to the US?
Logistically, most of Canada’s commercial and industrial hubs are situated near the U.S. border, rendering cross-border export processes smooth and swift.
What does US buy from Canada?
Though Canada ships goods to the U.S. in every possible import category, roughly 46% are classified as vegetable products, wood products, or foodstuffs. This includes products at every stage of manufacturing, including some items sold on Amazon.
What are the top 3 major exports?
According to the most recent data from CIA Factbook, the following are the United States’ top exports:
- Refined Petroleum: $84.9 billion.
- Crude Petroleum: $61.9 billion.
- Cars: $56.9 billion.
- Integrated Circuits: $41.4 billion.
- Vehicle Parts: $41.2 billion.
What are the 3 top exports?
Trade In August 2022, the top exports of United States were Refined Petroleum ($12.5B), Crude Petroleum ($10.4B), Petroleum Gas ($9.26B), Aircraft Parts ($7.84B), and Commodities not elsewhere specified ($5.9B).
What is Canada’s largest trade export?
Canada’s Major Exports
In 2019, Canada’s top three exported goods were energy products (worth $114 billion); motor vehicles and motor vehicle parts ($93 billion); and consumer goods ($71 billion).
What does US rely on Canada for?
Trade. Canada and the U.S. share one of the largest trading relationships in the world, with over $1 trillion in bilateral trade in goods and services in 2021. That year, Canada was the largest U.S. trading partner in goods and services.
What percentage of Canadian exports go to the US?
73.25 percent
Canada top 5 Export and Import partners 2020
Canada exports to United States worth US$ 284,478 million, with a partner share of 73.25 percent. Canada exports to China worth US$ 18,861 million, with a partner share of 4.86 percent.
What is the biggest import from Canada to US?
Imports In 2020, U.S. imported $60.3 billion worth of Minerals from Canada, representing 47.1% of the total U.S. imports of those commodities. U.S. imports of $18.4 billion worth of Wood Products, representing 42.2% of total U.S. imports of those commodities.
What are the top 3 imports of the United States?
What Are the Major U.S. Imports?
- Machinery (including computers and hardware) – $386.4 billion.
- Electrical machinery – $367.1 billion.
- Vehicles and automobiles – $306.7 billion.
- Minerals, fuels, and oil – $241.4 billion.
- Pharmaceuticals – $116.3 billion.
- Medical equipment and supplies – $93.4 billion.
What does US have that Canada doesn t?
In the US you get Hot Cocoa Oreos, Mystery Oreos, Red Velvet Oreos, Birthday Cake Oreos, Peanut Butter & Jelly Oreos, Jelly Donut Oreos, Dunkin Donuts Mocha Oreos, and more. Crazy!
Does the US get oil from Canada?
But Americans often forget that our largest foreign supplier of oil is right next door—Canada— and it has the capacity and willingness to increase production. According to the US Energy Information Agency, in 2021, Canada supplied 62% of all US crude oil imports.
Does Canada export oil to the US?
Over three quarters of Canada’s crude oil exports go to PADDs II and III (the U.S. Midwest and Gulf Coast) (Figure 1). PADD II has 25 refineries, as well as access to multiple pipelines transporting crude oil from the Western Canada Sedimentary Basin (WCSB).
Who is Canada’s biggest trading partner?
The United States
The United States is Canada’s chief trading partner, constituting more than two-thirds of all Canadian trade; exports account for a larger share of trade than imports.
Does the US buy electricity from Canada?
The United States imported approximately 48.1 terawatt-hours of electricity from Canada in 2021. Figures have oscillated throughout the period of consideration, peaking at more than 68 terawatt-hours in 2015. Canada accounts for approximately 90 percent of annual electricity imports in the U.S..
What does Canada share with the US?
The United States and Canada share the world’s longest international border, 5,525 miles with 120 land ports-of-entry, and our bilateral relationship is one of the closest and most extensive. Nearly $2.6 billion a day in goods and services trade cross between us every day.
What is the US’s biggest export?
America’s 5 biggest export products by value in 2021 were refined petroleum oils, crude oil, petroleum gases, cars and electronic integrated circuits. In aggregate, those major exported goods accounted for 18.8% of overall exports sold by the United States.