25 July 2007

Canada’s Top Exports & Imports, Most Popular Products in Trade Between Canada & America

The following is excerpted from “suite101.com”.

Sugar, zinc & precious metals are fastest growing Canadian exports to the U.S. while copper, gold & nuclear fuels are fast-growing imports into Canada from America.

Canada exported US$303.4 billion worth of merchandise to the United States in 2006, up 4.5% from 2005 and up 45% in just 4 years.

Canadian imports from the U.S. rose 8.7% to $230.3 billion in 2006, up 43.1% since 2002.
Canada’s largest trading partner is America, and America’s largest trading partner is Canada.

In terms of the merchandise flow between the two countries, America’s trade deficit with Canada was $73.2 billion in 2006, up 52% from 2002. The U.S. trade deficit with Canada actually decreased 6.7% in 2006 from 2005 – down from the 18.1% deficit increase in 2005 from the year earlier.

Canadian Exports to U.S.

Of the $303.4 billion in American imports from Canada in 2006, the following product categories had the highest values.

Petroleum products …US$63.7 billion (21% of Canada to U.S. exports, up 6% from 2005)
Passenger cars … $36.6 billion (12.5%, up 1.5%)
Car parts & accessories … $15.6 billion (5.1%, down 2.5%)
Complete & assembled cars … $12.2 billion (4%, down 2.3%)
Aluminum … $7.7 billion (2.5%, up 36.1%)
Lumber … $6.6 billion (2.2%, down 8.9%)
Finishing materials (e.g. shingles, wallboard) … $5.9 billion (2.0%, down 10.7%)
Plastics … $5.8 billion (1.9%, up 7.9%)
Telecommunications … $4 billion (1.3%, down 0.7%)
Engines & parts … $3.98 billion (1.3%, down 8.6%)

Fastest-Growing Canadian Exports to U.S.

Below are American imports from Canada in 2006 with the highest percentage sales increases from 2005.
Sugar … US$43.4 million (up 130.4% from 2005)
Zinc … $1.4 billion (up 122.2%)
Precious metals … $685.9 million (up 72.4%)
Oil field drilling equipment … $1.0 billion (up 65.6%)
Copper … $2.0 billion (up 51.1%)
Medicinal, dental & pharmaceutical preparations … $3.5 billion (up 43.5%)
Nickel … $1.2 billion (up 38.9%)

Canadian Imports from U.S.

Of the $230.3 billion in American exports to Canada in 2006, the following product categories had the highest values.
Vehicle parts & accessories … US$23.6 billion (10.3% of Canada from U.S. imports, down 1.5% from 2005)
Passenger cars … $13.1 billion (5.7%, up 8.1%)
Trucks, buses & special purpose vehicles … $11.8 billion (5.1%, up 16.6%)
Industrial machines … $7.5 billion (3.2%, up 9.4%)
Engines & parts … $6.4 billion (2.8%, up 3.3%)
Plastics … $6.3 billion (2.7%, up 5.9%)
Electric apparatus … $5.7 billion (2.5%, up 11.2%)
Computer accessories … $5.2 billion (2.3%, down 5.9%)
Industrial engines … $4.7 billion (2.0%, up 2.9%)
Iron & steel mill products … $4.3 billion (1.9%, up 7.2%)

Fastest-Growing Canadian Imports from U.S.

Below are American exports to Canada in 2006 with the highest percentage sales increases from 2005.
Copper … US$1.1 billion (up 122.6% from 2005)
Gold … $1.2 billion (up 108.8%)
Natural gas liquids … $693 million (up 94.7%)
Nuclear fuels materials … $75.8 million (up 62.8%)
Specialized mining … $163.8 million (up 58.4%)
Non