MNI BRIEF: Statistics Canada Focus On Trade With The U.S.

Following are excerpts from a special explanatory note in Statistics Canada's monthly trade report published Thursday from Ottawa. Currency figures are in CAD.

Focus on Canada and the United States

In 2024, Canada's domestic exports totalled $721.1 billion, with 75.9% of these exports destined to the United States. Energy products was the top export product category by far at $195.3 billion, with the vast majority (88.0%) of these exports being sent to the US market. Canada's next largest export category in 2024 was metal and non-metallic mineral products, with domestic exports of $91.7 billion, 56.9% of which were shipped to the United States.

The product category with the largest percentage of domestic exports sent to the United States in 2024 was motor vehicles and parts, at 94.1% of the $80.3 billion recorded. The category with the lowest percentage of domestic exports destined to the United States was metal ores and non-metallic minerals, at 23.7% of the $27.1 billion exported.

Canada's imports totalled $764.9 billion in 2024, with 49.2% of these imports being goods from the United States on a country-of-origin basis (which exclude US re-exports of goods originally produced in other countries). Consumer goods was the top import product category at $157.0 billion, with 36.2% of these imports being of US origin. This was followed by motor vehicles and parts at $141.6 billion, with US origin goods representing 57.9% of these imports.

For imports in 2024, the product category with the largest US-origin share was energy products, at 72.7% of the $40.1 billion imported. Metal ores and non-metallic minerals had the lowest share of US-origin products, at 20.8% of the $20.7 billion imported.

For more data and insights on areas touched by the socio-economic relationship between Canada and the United States, see the Focus on Canada and the United States webpage. (https://can01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.statcan.gc.ca%2Fen%2Ftopics-start%2Fcanada-united-states&data=05%7C02%7Cgilbert.cote%40statcan.gc.ca%7C9f2ef3682b754a5c2ccb08dd6adffb4c%7C258f1f99ee3d42c7bfc57af1b2343e02%7C0%7C0%7C638784232413407806%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=h6zYf0O27nK6b23rvaqg%2BipXXDjbCyZmfTmueixbXPw%3D&reserved=0)