U.S.-Canada Goods and Services Trade (TTM, Sept. 2024):$441 Billion Exports, $479 Billion Imports, $38 Billion Deficit

In the 12 months ending September 2024 (TTM), U.S. goods and services exports to Canada totaled $441 billion, while imports from Canada reached $479 billion, resulting in a $38 billion trade deficit. Between 2009 and 2020, the U.S.-Canada trade balance was near zero. Given the total trade volume of $920 billion, the $38 billion deficit represents just 4.1% of bilateral trade, making it relatively modest in scale.