How important is Canada to the U.S.?
The United States and Canada are among the world’s biggest trading partners, with $715B in annual trade. Their deeply integrated supply chains are essential to major U.S. industries and American consumers.
- Canada is a top buyer of U.S. goods, purchasing 15% of all U.S. exports.
- Canada is the second-largest source of U.S. imports, supplying 11% of all imports.
- Around 50% of trade is between “related parties” part of the same business or production process.
- Trade is fairly balanced between the two with the $48B U.S. trade deficit primarily driven by crude oil imports from Canada ($100B).
How does the U.S. benefit from trade with Canada?
- Canada supplies the U.S. with over 4 million barrels of Canadian crude oil per day.
- Businesses in Canada add value in the production process to cars sold in America.
- Canadians are a key source of demand for U.S. machinery, energy, and electronics.
- An estimated 1.4 million American jobs are tied to Canadian exports.
Which states trade the most with Canada?
Nearly every state has strong ties with Canada. Canada is:
- The biggest trading partner of 22 states.
- The biggest export destination for 26 states.
- The biggest import source of 23 states.
U.S.-Alberta Trade
How important is the province of Alberta to the U.S.?
Alberta is the top Canadian supplier to the U.S. after Ontario, accounting for 27% of Canadian goods sold to the U.S. In 2024, the U.S. purchased $111 billion in goods from Alberta and sold $23 billion.
Alberta is the top supplier of energy to the US, amounting to over $74 billion* in crude oil.
- Over 50% of the US’s crude oil imports come from Alberta.
- In dollar value, that’s eight times more than the next largest import source, Mexico.
How does the U.S. benefit from trade with Alberta?
Beyond crude oil, Alberta is also a critical supplier of other energy products for the U.S.:
- The province supplies a significant amount of natural gas as well as a number of other commodities and agricultural products such as beef, canola oil, and wood products.
- Meanwhile, Alberta is a key buyer of refined petroleum from the U.S. as well as a wide range of products beyond that—from vehicles to alcohol to machinery and equipment.
For which states is trade with Alberta most important?
- In seven states, at least 20% of the value of imported goods comes from Alberta.
- In Montana and Oklahoma, Alberta represents more than one-third of the state’s imports.
- In dollar value, Illinois imports the most from Alberta. More trade flows between Illinois and Alberta than the amount between the U.S. and half of its national trading partners.
*Note: All dollar figures in this analysis are in USD. This data was updated to the most recent figures available in July 2026.