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University of Southern Maine

ECO 370 - Spring 2006
Instructor:
Prof. Bill Phillips

Term Project
Created by: John Bell

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Last Update:  5/2/2006


The Infrastructure of US-Canada Trade

Free Trade Statistics


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It is helpful, in trying to understanding the infrastructure components of trade between the United States and Canada, to get a general idea of the types and quantities of products traded.  It is also important to understand the contribution trade makes to the overall economies of each country.  Knowing how trade between the US and Canada compares with global US and global Canadian trade, as well as the knowing the trade balance between the two countries, provides insight into the importance of this trade relationship.

The table below shows the comparison between United States and Canada in terms of population, GDP and various percentages of Exports to GDP.  It is intersting to note that while Canada has about one tenth the population (2005 data) and GDP (2005 data), its exports (2004 data)account for over one third of its GDP. 

Comparing US and Canadian Economic Factors

The two tables below provide information on the US exports to and imports from Canada for years 2000 to 2004, sorted by 2004 amounts.
 
USExports.png 599x682
 
 
USImports.png 602x684
 
           Source:  U.S. Aggregate Foreign Trade Data
 

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Looking at the charts below, we see that Canada is the United States' largest trading partner and the US is Canada's largest trading partner.  What becomes obvious in comparing the charts is that while trade with Canada is important to the US, trade with the US is far more important to Canada, in terms of percentage of total trade.  US exports to Canada make up about 23 percent of total US exports; whereas, Canada exports to the US make up 83 percent of overall Canadian exports.  Similarly, US imports from Canada are about 18 percent of total US imports; however, Canadian imports from the US represent more than a half of the total Canadian imports.
 
2002 US Exports small image        2005 Can Export small image

2002 US Imports small image       2005 Canadian Imports small image

2002 US Total small image        2002USDeficit_small.jpg 261x250

 
                   US Data Source: U.S. International Trade: Data and Forecasts
                   Canada Data Source: Canada's Merchandise Exports
 

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Links

Below is a list of various sites that provide either summaries, reports or detailed statistical data about trade between Canada and the US.
 
Summaries and Reports
 
NAFTA: A strong record of success a March, 2006 report by the US Trade Representative provides a positive summary of 12 years of the NAFTA.
NAFTA - 10 Years Later is a series of brochures in .pdf format highlighting the affect of the NAFTA on various U.S. industries.
NAFTA @ 10 - A Preliminary Report, produced by the Canadian Department of Foreign Affairs and International Trade, analyzes the performance of 10 years of the NAFTA.
 
The Hard Facts - Canada
 
Canadian Statistics: General Trade Data
Industry Canada: Trade Data Online
Industry Canada: Trade and Investment
 
The Hard Facts - United States
 
Office of Trade and Industry Information: Data and Analysis
Office of Trade and Industry Information: US Aggregate Foreign Trade Data
USA Trade® Online Registration Required
Foreign Trade Statistics, US Census Bureau
InfoUSA: International Trade Statistics
 

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