CANADA-US Trade Profile

Comprehensive analysis of CANADA exports to the United States, including trade volumes, commodity breakdown, tariff rates, and logistics infrastructure.

Hedge tariff risk: Trade tariff prediction markets on Ballast Markets to lock in costs and protect margins against tariff changes affecting CANADA imports.

Trade Overview (2023)

| Metric | Value | |--------|-------| | Country | CANADA | | Country Code | CA | | Total US Imports | $123.78 billion (2023) | | Number of Products | 3+ HS codes tracked | | Tariff Exposure | 0% (USMCA) |

Top Import Categories

The United States imported 3+ different products from CANADA in 2023. Here are the top 10 by value:

1. Auto parts/accessories (HS 8708)

• Import Value: $73.97 billion (59.8% of total)
• HS Code: 8708
• Tariff Rate: View HS 8708 CA tariff

Auto parts/accessories is a major export from CANADA, representing 59.8% of bilateral trade.

2. Unwrought aluminum (HS 7601)

• Import Value: $49.49 billion (40.0% of total)
• HS Code: 7601
• Tariff Rate: View HS 7601 CA tariff

Unwrought aluminum is a major export from CANADA, representing 40.0% of bilateral trade.

3. Women's suits/jackets (HS 6204)

• Import Value: $0.32 billion (0.3% of total)
• HS Code: 6204
• Tariff Rate: View HS 6204 CA tariff

Women's suits/jackets is a major export from CANADA, representing 0.3% of bilateral trade.

Commodity Breakdown Table

| Rank | Product | HS Code | Import Value (2023) | Share of Total | |------|---------|---------|-------------------|----------------| | 1 | Auto parts/accessories | 8708 | $73.97B | 59.8% | | 2 | Unwrought aluminum | 7601 | $49.49B | 40.0% | | 3 | Women's suits/jackets | 6204 | $0.32B | 0.3% |

Tariff Landscape

Current Tariff Rates

USMCA Benefits: As a USMCA member, CANADA enjoys duty-free access for qualifying goods:

• Tariff Rate: 0% for USMCA-compliant products
• Requirements: Certificate of Origin, rules of origin compliance
• Coverage: Most manufactured goods, agricultural products
• Total Savings: Billions in avoided tariffs vs. MFN rates

Key Advantages:

• Zero tariffs on qualifying goods
• Regional value content rules encourage North American supply chains
• Streamlined customs procedures

Tariff Impact by Product

View detailed tariff rates for specific CANADA products:

• HS 8708: Auto parts/accessories
• HS 7601: Unwrought aluminum
• HS 6204: Women's suits/jackets

Logistics & Shipping

Major Trade Routes

CANADA goods typically ship to the US via:

Land Border Crossings:

• Detroit-Windsor (busiest)
• Buffalo-Niagara Falls
• Blaine, WA (Pacific corridor)

Ocean Routes:

• Vancouver to US West Coast
• Prince Rupert to USGC via Panama Canal

Advantages:

• Integrated supply chains
• Same-day/next-day delivery
• Low transportation costs

Transit Times

| Route Type | Transit Time | Notes | |------------|-------------|-------| | Ocean Freight | 3-7 days | Port-to-port | | Land Border | 1-3 days | Cross-border trucking | | Door-to-Door | 5-10 days | Including customs |

Risk Management

Supply Chain Risks

Tariff Volatility:

• Low risk (USMCA protection)
• Policy changes can occur with 60-90 days notice
• Effective tariff rates can double or triple

Logistics Risks:

• Port congestion at US gateways
• Regional supply chain bottlenecks
• Seasonal capacity constraints

Hedging Strategies

1. Tariff Prediction Markets

Hedge CANADA tariff exposure using tariff prediction markets:

Example:

• Exposure: $10M annual imports from CANADA
• Current Tariff: 0%
• Hedge: Buy "CA-US Tariff > 25%" position
• Protection: Payout offsets increased duty costs

2. Sourcing Diversification

Don't rely solely on CANADA:

• Blend CANADA with multiple regions
• Reduce concentration risk
• Maintain supply chain flexibility

3. USMCA Optimization

Maximize 0% USMCA tariffs:

• Ensure Certificate of Origin compliance
• Meet regional value content requirements
• Work with qualified customs brokers

Related Resources

• CANADA Ports - Major export gateways
• Tariff Hedging Strategies - Risk management
• USMCA Qualification - 0% tariff requirements
• Container Shipping Routes - CANADA-US logistics

Sources

• U.S. Census Bureau International Trade Data (2023)
• Office of the United States Trade Representative (USTR)
• U.S. Customs and Border Protection (CBP)
• Ballast Markets bilateral trade analysis

Risk Disclosure

This content is for informational and educational purposes only and should not be construed as financial, legal, or trade advice. Tariff rates are subject to change based on government policy and bilateral negotiations. Trade statistics may have reporting delays. Verify current rates and compliance requirements with customs brokers and trade advisors. Prediction markets involve risk of loss.

Disclaimer

Ballast Markets provides this content as a free educational resource for the global trade community. Trade data is sourced from official U.S. government sources but may contain errors or be outdated. For sourcing and compliance decisions, always verify with customs brokers and industry experts.

Last updated: 2025-11-04