Canada and the United State have enjoyed a long and enduring relationship. This partnership on a broad range of issues, as well as commercial and interpersonal connections, has strengthened these ties throughout the years. Canada also enjoys friendly relations with Mexico, although both geographic and linguistic barriers have prevented their relationship from blossoming into one with comparable intensity that Canada shares with its biggest and closest neighbor.
U.S. goods and services trade with Canada totaled an estimated $1.6 trillion in 2019 in bilateral trade and investments. In goods and services, two-way trade totaled more than $703.8 billion that year.
Cumulative Foreign Direct Investment
The graph below shows the substantial foreign direct investment relationship between Canada and the United States and how heavily the countries rely on each other.
[Millions of Dollars]
Foreign Direct Investment in the United States: Selected Items by Country of Foreign Parent, 2019
Source: Bureau of Economic Analysis
Canada’s Top Trading Partners
In 2019, more than nine-tenths (92.8%) of Canada’s shipments were imported by their top 15 trading partners. Below is a chart that shows each country’s import percentage of total Canadian exports.
Total of $446.5 Billion USD worth of products shipped around the globe in 2019
Source: World’s Top Exports