Understanding U.S.-Canada Trade

As of 2025-06-18, determining the precise, real-time percentage of America's total global trade with Canada requires access to the most current economic data, which often has a reporting lag. However, based on the most recent comprehensive data available from authoritative sources, we can provide a highly accurate estimate and context.

Trade Data and Calculation

The United States and Canada share one of the largest and most comprehensive trading relationships in the world. This relationship is deeply integrated, facilitated by geographical proximity, shared supply chains, and agreements like the United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA.[1]

To calculate the percentage of America's total global trade with Canada, we need to consider both exports and imports between the two countries and compare them to the U.S.'s total global exports and imports.

According to data from the U.S. Census Bureau and the Bureau of Economic Analysis (BEA), for the calendar year 2023 (the most recent full year for which comprehensive, finalized data is widely available from these sources):

• Total U.S. Trade (Goods and Services): In 2023, total U.S. trade (exports plus imports of goods and services) was approximately $6.9 trillion.[2]
  • U.S. exports of goods and services were approximately $3.05 trillion.[2]
  • U.S. imports of goods and services were approximately $3.85 trillion.[2]

To find the percentage of America's total global trade that is with Canada, we divide the total U.S. trade with Canada by the total U.S. global trade:

Calculation of Percentage

• U.S. Trade with Canada (Goods and Services):
  • U.S. exports to Canada (goods and services) in 2023 were approximately $400.3 billion.[3]
  • U.S. imports from Canada (goods and services) in 2023 were approximately $472.9 billion.[3]
  • Total U.S. trade with Canada (exports + imports) in 2023 was approximately $873.2 billion.[3]

Percentage ≈ 12.65%

Percentage = ($873.2 billion / $6900 billion) * 100

Percentage = ($873.2 billion / $6.9 trillion) * 100

Percentage = (Total U.S. Trade with Canada / Total U.S. Global Trade) * 100

Therefore, based on the most recent comprehensive data for 2023, approximately 12.65% of America's total global trade is with Canada. This figure consistently places Canada as one of the top two trading partners for the United States, often alternating with Mexico.[4]

It is important to note that while 2024 data is still being compiled and finalized, the fundamental structure of the U.S.-Canada trade relationship is stable, and this percentage is unlikely to have shifted dramatically in the interim. Preliminary data for early 2024 suggests continued strong trade volumes between the two nations.[5]