Get the Facts: Trade

• Canada is the biggest export market for U.S. products and the largest source of imports into the U.S.
• 7.1 million U.S. jobs are directly supported by trade with Canada.
• Over $1.6 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.
• In 2006, Canada was the # 1 export market for 36 states.
• In 2006, 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 in 2006 were well below total exports to Canada.
• Canadian-owned businesses support over 1.3 million trade-related jobs in the northern border states alone.
• The U.S. is the most important destination for Canadian direct investment abroad ($197.2 billion in 2006).
• More than 16,000 companies in the U.S. are Canadian-owned, employing more than 580,000 Americans.
• The U.S. accounted for $241.3 billion or 61% of the total stock of foreign direct investment in Canada in 2006.

Find out about Canada's relationship and importance to your state by checking out the 2007 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.

• Canada provides more oil, gas, electricity and uranium than any other country to the U.S.
• Canada has the second largest oil reserves in the world after Saudi Arabia.
• In 2004, Canada displaced Saudi Arabia as the largest supplier of oil to the U.S. Canada supplies over 2 million barrels a day to the U.S. We project our share of the U.S. market will grow each year.
• Canada is a major supplier of electricity (overwhelmingly clean hydroelectricity) to New England, New York, the Upper Midwest, the Pacific Northwest, and California.
• Canada is committed to reducing environmental impacts from its energy production and use.
• Canada has introduced mandatory greenhouse gas reduction targets for large emitters to reduce their emissions intensity by 18% by 2010, and 2% per annum thereafter.