Saturday , 15 June 2024

The Major Imports & Exports Between the U.S. and Canada are Surprising

 “Follow the munKNEE via twitter & Facebook or Register to receive our daily Intelligence Report (Recipients restricted to only 1,000 active subscribers)

Canada and the United States are the world’s largest trading partners. The U.S. accounts for about 75% of Canada’s exports. Because of geography and the North American Free Trade Agreement, there are a number of products that the countries export to each other while at the same time importing from the other. [Take a look at the list. You might be very surprised.] Words: 712

So says regarding a list* below of The Heavy Hitters in Canada – U.S. Trade.

 This post is presented compliments of (A site for sore eyes and inquisitive minds) and (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

Here is a list of the major exports and imports between Canada and the U.S.:

1. Crude oil and petroleumCanada to the U.S.

Canada’s largest export to the U.S. is crude oil making up 17.5% of Canadian exports to the U.S.. Canada also exports large quantities of processed crude in the form of petroleum. The vast majority of Canada’s exports are from Alberta’s oil sands to the Western and Southern U.S. [Read: Canada’s Oil Sands to Have $520 Billion Impact on U.S. Economy: Here Are the Facts, State by State]

2. Crude oil and petroleumU.S. to Canada

Canada imports crude oil and petroleum from the U.S. because it is cheaper for Eastern Canada to import oil through the U.S. eastern seaboard than to get it from Western Canada.

3. Vehicles – Canada to the U.S.

Combining the large and medium-sized passenger vehicle categories, car exports made up 12.8% of Canadian exports. Canada’s automobile-related exports are a legacy of the Auto Pact under which American car companies set up plants in Canada and parts were shipped back and forth across the border.

4. Vehicles – U.S. to Canada

The largest portion of U.S. exports to Canada is related to cars. The Auto Pact between the two countries was cancelled more than a decade ago, but its effect is still evident. Different car plants are tooled for different makes and models meaning that the finished products often have to be shipped across the border to meet the other country’s demand.

5. Natural gasCanada to the U.S.

Like oil, most of the natural gas is produced in Alberta. Using a similar distribution pattern as oil, Canadian exports go from Alberta into the Western and Southern U.S. U.S. domestic production has increased recently, reducing the amount of Canadian imports.

6. Natural gasU.S. to Canada

Most of the U.S. exports go into Ontario.  [Read U.S. Has 3rd Largest Natural Gas Field in the World – Which Other Countries are Included in the Top 10?]

7. Potassium chlorideCanada to U.S.

Potassium chloride is found in potash, which is used to make the world’s fertilizers. Saskatchewan is the second largest producer of potash in the world. [Read: Major Investment Opportunities Exist In Agriculture! Here’s 50]

8. Aircraft and spacecraftU.S. to Canada

Planes, satellites and other flying vehicles and their parts.

9. GoldCanada to U.S.

Non-monetary gold is in the form of bullion, powder or any other semi-manufactured form. It does not include watches or jewelry.

10. WoodCanada to the U.S.

This is coniferous or softwood lumber that has been hotly disputed between these two countries for years. Despite all the fighting, Canada remains the United State’s main supplier of wood.

Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*  (To access the articles please copy the URL and paste it into your browser.)

Register HERE for Your Daily Intelligence Report Newsletter

It’s still FREE
Only the “best-of-the-best” financial, economic and investment articles posted
Edited excerpts format provides brevity & clarity for a fast & easy read
Don’t waste time searching for informative articles. We do it for you!
Automatically receive every article posted – Register HERE
Recipients restricted to only 1,000 active subscribers!
“Follow Us” on twitter & “Like Us” on Facebook

Related Articles:

1. These 10 Charts Should Put Your Mind at Ease Regarding Canada’s Oil Sands

The following charts come straight from the Canadian Association of Petroleum Producers in an attempt to put the benefits and impact of Alberta, Canada’s oil sands into proper perspective from their point of view. Take a look and I think you will be favourably impressed. Words: 540

2. Canada’s Oil Sands to Have $520 Billion Impact on U.S. Economy: Here Are the Facts, State by State


Canada is the largest supplier of oil to the U.S. When the U.S. imports oil from Canada, the spin-off economic benefits are substantial. The interactive map of the U.S. below will let you calculate the economic impact generated in each U.S. state from new oil sands projects in Alberta, Canada. Words: 592

3. A Look at the Canadian Oil Sands: the U.S.’s #1 Source of Supply

oil sands

The third largest source of oil in the world is the Canadian oil sands and the United States already imports more of it from there than from anywhere else. With oil prices on the rise, the controversial oil sands are likely to become even more economically viable, despite experts’ warnings about environmental risks [and the political and environmental gamesmanship to block the Keystone pipeline project from there to refining facilities in the U.S.]. Below are 12 incredible facts about the oil sands. Words: 408

4. The Oil Sands are NOT the “Tar” Sands and 9 More Interesting Facts


The oil sands in northern Alberta are crucially important to the Canadian economy. People from all over the country are traveling there to find work. The news is filled with controversy over proposed pipelines (the Keystone XL and the Northern Gateway) to carry the oil to export markets. Here are 10 things everyone should know about the oil sands. Words: 878

5. Invest in Natural Gas – Here’s How


[Although] investing in natural gas is an incredibly popular and active sector of the commodity world given its robust growth predictions,…it tends to exhibit violent daily swings with high and liquid volumes. While this can lead to significant losses, for those who play their cards right, trading natural gas can make for a nice short term reward. [That being said,] for the more traditional “buy and hold” investor there are still a number of options that, [while they] may not directly invest in the commodity, offer significant exposure under a safer structure. [In this article I have identified 25 ways to invest in natural gas to help investors pick the correct security for their portfolio]. Words: 1800

6. U.S. Has 3rd Largest Natural Gas Field in the World – Which Other Countries are Included in the Top 10?


Natural gas is increasingly becoming an important fuel in meeting the global energy needs. Let’s take a quick look at the largest natural gas fields in the world. Words: 300

7. This Interactive Table of Commodity Returns Is Easy to Use – Try It


Natural resources are the building blocks of the world, essential to progress and prosperity. These commodities, like all investments, can have wide price fluctuations over time. The interactive table provided shows the ebb and flow of commodity prices over the past decade and illustrates the principle of mean reversion—the concept that returns eventually move back towards their mean or average. [Take a look.]

8. Major Investment Opportunities Exist In Agriculture! Here’s 50


The agriculture sector has long been a popular place for commodity trading. After all, it was with agricultural futures that commodity trading got its start. Farmers had originally used these contracts to help offset any losses in crop yields. Now, the agricultural space has blossomed into a market chock full of options for investors, but many investors are still unaware of the vast opportunities that this sector offers. [Let us change all that!] Words:2376