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Main article: Economy of Canada
2025: US imposes 25% tariffs on Canadian imports, which responded in kind
From March 4, 2025, 25% US duties on Canadian and Mexican imports, as well as 20% duties on Chinese imports, officially entered into force.
Canada's retaliatory 25 percent tariff against the United States also went into effect.
2024
79% of Canada's exports go to the United States. Energy is the main export
Canada sells 79% of its exports to the United States.
Canada delivered 62% of U.S. crude imports in 2024, reaching a record 4.1 million bpd.
Canada also sells meat, cereals, fertilizers, minerals (aluminum, cobalt, nickel), potassium salt, wood for frame houses, electricity, fuel and lubricants in the United States.
3rd place in terms of imports to the United States
The 10 largest importers in the United States in 2024:
1. Mexico: $476 billion
2. China: $427 billion
3. Canada: $421 billion
4. Germany: $160 billion
5. Japan: $147 billion
6. South Korea: $116 billion
7. Vietnam: $114 billion
8. India: $84 billion
9. Ireland: $82bn
10. Italy: $73 billion
Canada leads U.S. steel and aluminum imports
The United States and other G7 countries are the main partners in the trade in goods
2023
Trade turnover between Russia and Canada - $83 million in 11 months
Trade between Russia and Canada in January-November 2023 amounted to $83 million, while in 2021 the figure was measured at $2.2 billion. The Ambassador of the Russian Federation to Ottawa Oleg Stepanov cited such data in February 2024.
 | With the start of Russia's special military operation in Ukraine, Ottawa actually initiated a total blocking of Russian-Canadian economic ties. Because of such unfriendly actions, bilateral trade breathes incense, "he said in a conversation with RIA Novosti. |  |
According to Stepanov, since February 2022, Ottawa has introduced more than 60 packages of sanctions against Moscow. The restrictions affected a number of critical sectors of the Russian economy.
Oleg Stepanov noted that Canada has banned almost all imports from Russia. The most favored nation regime has been unilaterally canceled, which entails the introduction of 35% duties for Russian exporters. The airspace and waters of Canada are closed for aircraft and ships associated with Russia or its citizens, the Russian ambassador to Ottawa added.[1]
The third largest trade surplus with the United States - $129 billion
4th in the world in terms of wheat exports
2022
Trade turnover between Russia and Canada - $749.6 million
Trade between Russia and Canada, according to the Statistics Agency of Canada, in 2022 amounted to $749.6 million (a decrease of 66.4% compared to 2021). Canada's exports to Russia in 2022 amounted to $165.4 million, a decrease of 68.4% compared to 2021. In 2022, Canada imported goods from Russia for $584.2 million (a decrease of 65.8%).
The main goods of Canadian exports to Russia for 2023:
- aircraft and other aircraft, with an empty equipped vehicle weight of more than 15,000 kg - $65.6 million;
- other machines and mechanical devices with individual functions - $12.7 million;
- fertilized eggs for incubation of other poultry - $8.4 million.
The main positions of Canadian imports from Russia were the following goods:
- urea, including in aqueous solution - $138.7 million;
- other distillates and products - $47.7 million;
- tires and tires pneumatic rubber new for cars - $35.9 million;
The United States is the largest export destination
Gas export via pipelines
Reduction in exports to Russia by 10 times against the background of the conflict in Ukraine
Exports from Canada to Russia fell 91% between March and December 2022, falling from $584 million in 2021 to $52 million in 2022.
2020
China, Indonesia and Japan are the biggest buyers of wheat from Canada
Canada - in the top ten exporters of wheat with an indicator of 26.1 million tons
2019: $2 billion in computer device exports
See also
Notes
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