Changes in 2019 from 2018:
- U.S. total exports to Canada decreased by $7.4 billion (2.5 percent) to $292.4 billion.
- U.S. general imports from Canada increased by $911 million (0.3 percent) to $319.7 billion.
- The U.S. merchandise trade deficit with Canada widened by $8.3 billion (43.5 percent) to $27.4 billion.
U.S. exports to Canada decreased by $7.4 billion (2.5 percent) to $292.4 billion in 2019 (table CA.1). A significant portion of this decline came from U.S. exports of petroleum products (EP005), which dropped by $2.1 billion (16.7 percent) between 2018 and 2019. Additionally, U.S. exports of steel mill products (MM025) and certain motor-vehicle parts (TE010) fell by over $1.0 billion each. These declines greatly outweighed modest increases in U.S. exports of precious metals and non-numismatic coins (MM020), rail locomotive and rolling stock (TE008), and motor vehicles (TE009).
U.S. imports from Canada increased by $911 million (0.3 percent) to $319.7 billion in 2019 (table CA.2). U.S. imports of crude petroleum (EP004) from Canada grew by $1.9 billion (3.1 percent) in 2019, and U.S. imports of aircraft, spacecraft, and related equipment (TE013) went up by $1.1 billion (20.3 percent). These increases were largely offset by decreases in U.S. imports of lumber (FP002) and steel mill products (MM025), both of which decreased by over $1.1 billion each.
The sharp drop in U.S. exports to Canada widened the merchandise trade deficit with Canada by $8.3 billion (43.5 percent) to $27.4 billion in 2019 (table CA.3). Within the overall merchandise balance with Canada, the trade deficit in energy-related products continued to grow in 2019, widening by $3.4 billion (5.9 percent) to a deficit of $61.6 billion, while the trade surplus in transportation equipment and electronic products narrowed by $1.9 billion (18.2 percent) and $1.8 billion (7.4 percent) respectively. An additional driver of the widening trade deficit was agricultural products Rising U.S. imports and stable U.S. exports in agricultural products led to a steady narrowing of the trade surplus during 2015–18 and to the emergence of a $1.1 billion trade deficit in 2019.