Overview In December 2023, Canada exported C$43.8B and imported C$29.1B from United States, resulting in a positive trade balance of C$14.7B. Between December 2022 and December 2023 the exports of Canada have increased by C$224M (0.51%) from C$43.6B to C$43.8B, while imports increased by C$7M (0.024%) from C$29.1B to C$29.1B.
Trade In December 2023, the top exports of Canada to United States were Crude Petroleum (C$10.9B), Petroleum Gas (C$3.52B), Cars (C$3.35B), Refined Petroleum (C$1.84B), and Motor vehicles; parts and accessories (8701... (C$1.3B). In December 2023 the top imports of Canada from United States were Cars (C$1.61B), Refined Petroleum (C$1.43B), Motor vehicles; parts and accessories (8701... (C$1.41B), Delivery Trucks (C$1.34B), and Crude Petroleum (C$1.15B).
Origins In December 2023 the exports of Canada were mainly from Ontario (C$14.9B), Alberta (C$13.1B), Quebec (C$8.39B), British Columbia (C$2.38B), and Saskatchewan (C$2.07B), while imports destinations were mainly Ontario (C$18.7B), Quebec (C$2.69B), Alberta (C$2.3B), Manitoba (C$1.82B), and British Columbia (C$1.63B).
Growth In December 2023, the increase in Canada's year-by-year exports to United States was explained primarily by an increase in product exports in Cars (C$1.15B or 52.2%), Petroleum Gas (C$871M or 32.8%), and Delivery Trucks (C$569M or 711%). In December 2023, the increase in Canada's year-by-year imports from United States was explained primarily by an increase in product imports in Motor vehicles; parts and accessories (8701... (C$549M or 63.4%), Cars (C$519M or 47.4%), and Delivery Trucks (C$294M or 28.2%).
