US Government report: Canada is our most important trading partner

Canada has become the most important trading partner of the United States in terms of total trade and agricultural trade. Canada is a large exporter to the United States of critical raw materials—including natural gas, petroleum, and wood products—and a substantial importer of finished industrial and consumer goods. Canada’s agricultural trade continues to grow in importance reflecting trade liberalization and greater integration of agricultural markets. The trade outlook is enhanced by Canada’s prospects for long-term economic growth of about 3 percent per year, which is underpinned by expected moderate growth in working-age population and labor productivity.