Nicknamed the Great White North, Canada exported a total US$390.8 billion worth of products around the globe in 2020. That dollar amount reflects a 0.1% increase since 2016 but a -12.5% dip from 2019 to 2020. Based on the average exchange rate for 2020, the Canadian dollar has depreciated by -1.2% against the US dollar since 2016 and retreated by -1.1% from 2019 to 2020. … [Read more...] about Canada’s Top 10 Exports
North America
United States Top 10 Exports
The United States of America shipped $1.431 trillion worth of goods around the globe in 2020. That dollar amount reflects a -1.4% decrease since 2016 and a -13% decline from 2019 to 2020. The latest available country-specific data in 2020 shows that 69.3% of products exported from the U.S. were bought by importers in: Canada (17.8% of the global total), Mexico (14.9%), China … [Read more...] about United States Top 10 Exports
United States Top 10 Imports
The United States of America imported US$2.408 trillion worth of goods from around the globe in 2020. That dollar amount reflects a 7% gain since 2016 but a -6.3% downtick from 2019 to 2020. From a continental perspective, 45.1% of America’s total imports by value in 2020 were purchased from providers in Asia. Fellow North American trade partners supplied 25.2% of import sales … [Read more...] about United States Top 10 Imports
Top Canadian Trade Balances
Canada’s total trade deficit for all products equaled -US$14.2 billion in 2020, up 174.7% from the -$5.2 billion deficit in 2013. Year over year, the most recent -$14.2 billion in red ink represents a 116.1% increase from the -$6.6 billion deficit that Canada generated one year earlier during 2019. To put that metric into perspective, the country's total external debt … [Read more...] about Top Canadian Trade Balances
Top United States Trade Balances
The overall US trade balance for all products totaled -US$976.1 billion in red ink for 2020. That trade deficit reflects a 5.7% increase from the -$923.2 billion negative score for 2019 and a 30.3% expansion from -$749 billion shortfall in 2013. Petroleum gases, soya beans, refined petroleum oils, integrated circuits and machinery for making semi-conductors are … [Read more...] about Top United States Trade Balances