U.S. BALANCE OF TRADE WITH CANADA AND MEXICO

U.S. BALANCE OF TRADE WITH CANADA AND MEXICO

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U.S. Trade Balance with Canada (monthly data, not seasonally adjusted)

U.S. Trade Balance with Canada (monthly data, not seasonally adjusted). If you are a user with a disability and cannot view this image, please call 800-853-1351 or email answers@bts.gov for further assistance.

U.S. Trade Balance with Mexico (monthly data, not seasonally adjusted)

U.S. Trade Balance with Mexico (monthly data, not seasonally adjusted). If you are a user with a disability and cannot view this image, please call 800-853-1351 or email answers@bts.gov for further assistance.

The U.S. trade balance with both Canada and Mexico is negative, with more imports from both countries than exports to them. In the last two years, while the total value of U.S. trade with the two countries increased, U.S. trade deficits with these two countries also increased.

U.S. Trade Balance with Canada Jul-01 Jul-02
Imports (billions of dollars) 16.48 16.06
Percent change from same month previous year -2.44 -2.49
Exports (billions of dollars) 11.72 11.66
Percent change from same month previous year -3.57 -0.52
Trade balance (billions of dollars) -4.76 -4.41
Percent change from same month previous year  0.45 -7.36

 

U.S. Trade Balance with Mexico Jul-01 Jul-02
Imports (billions of dollars)  10.60 11.28
Percent change from same month previous year  -3.18  6.45
Exports (billions of dollars)   7.71  7.91
Percent change from same month previous year -15.18  2.68
Trade balance (billions of dollars)  -2.89 -3.37
Percent change from same month previous year  55.33 16.51

NOTE: The current value is compared to the value from the same period in the previous year to account for seasonality.

SOURCE: U.S. Department of Commerce, Bureau of the Census, Foreign Trade Division; Oct. 18, 2002; available at: http://www.census.gov/foreign-trade/balance/index.html