EXPORTS, IMPORTS, and TRADE BALANCE

KEY TRENDS

• Canada’s economy continued to benefit from increased export earnings resulting from high world energy and commodity prices.
  
  
• U.S. exports to Canada rose $14.4 billion (10 percent) in 2004, primarily reflecting the declining value of the U.S. dollar along with economic growth in Canada of 3.0 percent in 2004. Leading U.S. export categories to Canada included transportation equipment, chemicals and related products, and electronic products.
  
  
• Although U.S. imports of Canadian transportation equipment increased in 2004, Canada experienced a declining share of North American automotive manufacturing.
  

TRADE SHIFTS in 2004 from 2003

• U.S. trade deficit: Increased $17.2 billion (23 percent) to $92.5 billion
• U.S. exports: Increased $14.4 billion (10 percent) to $163.2 billion
• U.S. imports: Increased $31.6 billion (14 percent) to $255.7 billion
  
  

LINKS

OTHER GOVERNMENT RESOURCES
U.S. Department of Energy, Energy Information Administration

• Country Analysis Brief - Canada

U.S. Department of State

• Background Note: Canada

Canadian Department of Foreign Affairs and International Trade

• International Trade Canada
  

SECTOR SHIFTS

| Agricultural Products | Forest Products | Chemicals and Related Products |
| Energy and Related Products | Textiles, Apparel, and Footwear |
| Minerals and Metals | Machinery | Transportation Equipment |
| Electronic Products | Miscellaneous Manufactures |

COUNTRY SHIFTS