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Trade
Quick Facts:
America's Biggest Trading Partner
- Canada is the biggest export market for U.S. products. $1.9 billion in two-way goods trade a day — that’s $1 million every minute.
- Over 70% of Canada–U.S. trade is transported by truck - one of which crosses the northern border every 1.5 seconds on average.
- More than 8 million U.S. jobs are supported by trade with Canada.
- In 2007 Canada was the # 1 export market for 35 states.
- In 2007, total U.S. exports to Canada exceeded total U.S. exports to the U.K., Germany, Japan, and China combined; total U.S. exports to all 27 EU countries were well below total exports to Canada.
- Canadian-owned businesses support over 1.3 million trade-related jobs in the northern border states alone.
- Canadian direct investment in the U.S. reached $218 billion in 2007. More than 15,000 companies in the U.S. are Canadian-owned, employing more than 530,000 Americans.
- In 2007, Americans made 13.4 million visits to Canada, spending $6.6 billion; while Canadians made 24.3 million visits to the U.S., spending $10.7 billion.
Find out about Canada's relationship and importance to your state by checking out the 2008 State Trade Fact Sheets. This collection highlights the importance of the trade relationship between Canada and all 50 States and features success stories from local businesses and corporations.