Percentage of America’s Total Global Trade with Canada

To determine the percentage of America’s total global trade that is with Canada, we need to follow these steps:

Step 1: Identify Total U.S. Global Trade

According to the most recent data, the United States had a total goods trade (exports and imports) of approximately $7.0 trillion in 20221. This figure includes all trade activities between the U.S. and other countries.

Step 2: Identify U.S. Trade with Canada

In 2023, the total trade between the United States and Canada was reported to be around $923 billion2. This figure encompasses both exports to and imports from Canada.

Step 3: Calculate the Percentage

To find out what percentage of total U.S. global trade is represented by trade with Canada, we can use the following formula:

Substituting in the values:

Calculating this gives:

Conclusion

Approximately 13.19% of America’s total global trade is with Canada.

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